Another system for you to ponder.

This one has been tested using Spot data from 18th Sept 2003 using hourly bars for the EUR/USD Spot Market. Its rather simple:

1) Trade in the direction of the first breakout of the hours 02:00 to 04:00 US time (i.e. the first breakout from 07:00 to 10:00 UK time)

2) Close the trade at 16:00 (21:00 UK time). There are no stops.

Since 18th September (the start of my spot data) this has returned about 26 pips per day and has a remarkable percentage win rate.

66 winning trades, 29 losing trades, only two occurances of two losing trades in a row!!!

It seems too good to be true.

I haven't 100% confirmed these results as this was a quick and simple test of principle. It looks like these results need to be verified