FAQS

Q. Can This System really be traded in 10 Minutes per Day?

A. Yes. London Forex Open is a set time mechanical trading system which requires for you to check for a simple signal 08:00 UK Local time each day. If a trade is signaled you then just need to place the order with your broker or spread betting company.

Once you are familiar with the system this will actually take you less than 10 minutes a day to complete! Of course if you are completely new to trading then there will be an initial learning curve to setup and familiarize yourself with the system.

A comprehensive user guide is provided and takes you through the simple setup process step by step. You are also give direct access to our support email address if you need assistance to get up and running.

Q. Will the London Forex Indicator work currency pairs other than the GBPUSD?

A. Yes it can. The supplied London Forex Indicator can be configured to capture break outs and false breakouts on any Forex pair at the London Open Time. You can configure the stop and take profit levels from within the indicator to accommodate breakouts on any Forex pair.

We trade other Forex pairs ourselves although we only report the results for GPBUSD on this web site as this pair formed the original basis for the strategy.

Q. Can the indicator be used to trade breakouts at market times other than 08:00 UK local time?

A. Yes. This is a perfectly sound approach and many traders have chosen to use the system at the opening of other market sessions such as the US open. We however choose to exploit the potential for "breakouts" from the range set in the Asian session when the London Forex market first opens.

Q. Will the Indicator Work on Different Chart Timeframe’s?

A. Yes. By default the core GBPUSD strategy we employ trades the 30 minute chart timeframe. There are however no restrictions to which timeframe that you can run the indicator on (5m,15m,30m, 1hour etc).

Q. Do You Issue Updates For The System?

A. We believe that the strategy used by the London Forex Open system is fundamentally sound and will continue to deliver profits from the foreseeable future.

We do not attempt to chase performance by constantly updating our indicators as many systems on the market do. However from time to time we may provide updates where after extended evaluation, we see a genuine trading benefit for the system.

All updates will be communicated in advance and are supplied free of charge to customers of London Forex Open.

Q. Many systems these days come with a refund or money back guarantee. Why don’t you offer one?

A. Breakout strategies are a concept that have been around for a long time and have proven themselves in the past and should continue to work for the foreseeable future.

Our Technical indicators and strategies to take advantage of these opportunities are ours and we have worked hard in developing them. If we offered some form of refund we would have no way of recouping any of our time or investment which we have put into the product.

We do not make any promises to anyone about this system and unlike many providers we offer transparent results and clarity of performance.

While we use the system ourselves we too know that there are no guarantee’s when trading. What we do know however is that,in the past, our strategies have been successful and we firmly believe we have an edge going forward.