Free Download London Open Breakout Forex Strategy For Mt4
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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