Monday, 2 April 2012

TTM Breakout Strategy

  • When TTM displays a Orange or Green Bar, we make a Pending Order at the Two Bar High (if Green) or at the Two Bar Low (if Orange)
    • if the TTM does not display a Orange or Green Bar when the Fractal Point is penetrated then we enter the trade in the direction of the breakout (fractal should be confirmed by CCI Zero Cross)
  • Stoploss is the 2nd Bar Low/High;
  • TakeProfit (70% of order) is set a the next support level, or just 10-30 points from entry;
  • Remainder of the order (30%) will be trailing the 2nd Bar Low/High stoploss for any further profit points.