Download London Open Breakout Forex Strategy For Mt4

Free Download London Open Breakout Forex Strategy For Mt4

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Rules for this Strategy:

The box start at 2:00 GMT and the end is 7:45 GMT. Because the candle at 8:00 GMT ( London Open) must be the first candle outside the red box.

Buy Entry:

  • The Price must be above the blue line Buy Zone Fibs.
  • FX Fisher mod indicator (10 period ) is green
  • FX Fischer mod indicator (25 period ) is green.
  • Place a pending order +2 pips above the Breakout Box 4 London Open.

Sell Entry:

  • The Price must be below the red line Sell Zone Fibs.
  • FX Fisher mod indicator (10 period ) is red
  • FX Fischer mod indicator (25 period ) is red.
  • Place a pending order +2 pips below the Breakout Box 4 London Open

Exit Strategy:

  • Target profit must be 20-25 pips.
  • Set initial stop-loss at 20 pips. you can move SL to break even when you gained 12-15 pips.
  • Trail stop is another good idea to exit. trail it about 25 pips and a close position at end of Day or with a profit target of 40-50 pips.

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