Cable Breakout Forex Trading System

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Cable Breakout Forex Trading System

The cable breakout trading system is based on a cable breakout indicator. This is suitable for the 15-minute timeframe and works in all major currency pairs.

Metatrader Indicators:

  • Cable breakout

Long Entry:

  1. Go long when the price breaks the resistance.
  2. The guppy MA blue is greater than the guppy MA green.
  3. The first profit target of 30 pips 2° profit target 50 pips.

Short Entry:

  1. Go short when the price breaks the support.
  2. The guppy MA blue is less than guppy MA green.
  3. The first profit target of 30 pips 2° profit target 50 pips.

Close the long position at the end of the day regardless of the price if the 30 pips profit target was not reached.

Use a stop loss 30 pips and trailing stop of 20 pips.

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