London Open Forex Breakout Strategy For MT4
The London Open Forex Breakout Strategy For MT4 is based on a price range that develops between 2 GMT and 7:45 GMT. This time span is exactly the time before the London session begins. Trade entries are triggered when a breakout above or below of the price range occurs during the London session.
This strategy is based on the indicators Breakout Box 4 London Open, Buy Zone Fibs, Sell Zone Fibs and FX Fisher mod indicator. When you load the indicators on the chart then you will see the London breakout boxes on the chart and you will see indicator values which will show you the momentum and direction of the trend.
For a valid buy entry the price must be above the buy zone fibonacci levels. The fisher indicator needs to show green values. If those conditions are met then you can put a buy stop order 2 pips above the London breakout box.
For a valid sell entry the price must be below the sell zone fibonacci levels. The fisher indicator needs to show red values. If those conditions are met then you can put a sell stop order 2 pips below the London breakout box.
According to the developer this strategy works best on EURUSD, GBPUSD and AUDUSD on M30 and H1.
Download the complete system description and the files here: