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Forex Breakout System
 
Tested Result: testing
Forex Breakout System
 

Updated: February -2009

Profitable: 5/10

Easy To Follow: 3/10

Honest Result: 7/10

Support: did not test support

Bonus Value: 5/10

Results: 2/5

The Good: it does not use the standard indicators which generally do not show good results.

The Bad: EA performance is very poor on the default settings..

 
 
Forex-Breakout-System has FBS Breakout System Expert.
The entry signal comes on the borders of the horisontal channel formed on the picks of the first hours of the trading session. The idea looks similar to London Forex Rush system.
It also uses Gbp/Usd pair.
The good: it does not use the standard indicators which generally do not show good results.
The bad: EA performance is very poor on the default settings..

EA works very slowly and it is profitable only during the US session. I doubt it can show consistent results long term. Requires a lot of optimization.
 
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Forex Risk Disclosure. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.