The Cruiser System

The signals are specific to the GBPUSD pair. Using a set of 5 proprietary indicators, we are able to identify trades with a high level of accuracy.
All 5 indicators have to concur in order for the signal to be issued.

Once we have a potential signal, we enter THREE trades, which all together are not to exceed our 2% risk per trade (or in this case a set of three trades). We will give examples of how this is to be done later. We have three different profit targets for each trade - 100 pips, 200 pips and the third one can run as long as we can stay in trade. Typically, the first two will close within 24 - 48 hours. The last one could run a few days longer.

The Stop loss is predetermined based on the previous day candle high (in case of short) or the low (in case of a long trade). In the event that we have a candle exceeding 200 - 300 pips, then we will use the 110% of the daily ATR.

We normally have ample time to get into the trade, however, unlike the Dwarf and the Sundae, we could get these signals and day of the week, but typically just before the Japanese Market open. So you will need to check here at least once a day at around 2300 GMT - 2330 GMT for a signal.

The following instructions are important - Please read carefully.
One a trade is in play AND we are in profit. We let trade # 1 close at the 100 pips and do nothing.
However, once trade # 2 closes at 200 pips, we need to move the SL on the third trade to BE or at the very least protect 10 - 20 pips of profit.
Once the first two trades close in profit, we will post the new SL setting for the third trade ONLY at the same time, i.e., around 2300GMT - 2330 GMT.
And we will keep doing this until we either get stopped out or we get a reverse signal.

That is pretty much all for this trade.

The trade will be listed as such:

Feb 18, 2010
GBPUSD - Long at 1.5415 SL - 1.5215
TP -
trade 1 - 1.5515
trade 2 - 1.5615
trade 3 - 1.6015

We recommend at least USD 10,000 as your base capital.
However, if you are using more or less, then all you have to do is increase or decrease your lot sizes proportionately.

2% risk per trade on a USD 10,000 account is USD 200.00 risked.
With a risk of 200 pips, we can enter one trade using 10K lot size (0.10 lots)
Since we require 3 trades, we divide by three, and we now have 3 x 0.03 lots