it was a good monday for most trading methods. steady moves south of about 100 pips, then some recovery later in the day. daybreak took four short signals:
g/j sell 122.26, close 121.46, +80
a/u sell 1.0323, close 1.0268, +55
e/u sell 1.2104, close 1.2132, -28
u/j sell 78.30, close 78.28, be
everyone interested probably has the hang of this one by now. i have been posting results so you could check your own work, but will discontinue that. of course, if you have questions i will continue to participate in the thread. keep in mind that this method was designed for the person who has a job or other responsibilities and cannot monitor trades. it was meant to be set with buy and sell stops in the evening with wide stops so the trades can continue until the close of the day. a process which, historically, has shown a profit.
for those who can watch the markets and move stops when necessary, take a look at what happens when we couple the daybreak entry method with the triple threat exit strategy. today, this pair of methods took +440 pips on four pairs. http://forums.babypips.com/free-forex-trading-systems/45633-triple-threat-exit-strategy.html