Trade the London Breakout
Our London open breakout strategy is designed to capture moves that occur within the first two hours of the London trading session. The system is based upon well known and respected trading principles. The Asian session is typically range bound in many of the major currency pairs due to low volume. However when trading volume increases at the London market open trends set prior to the Asian range often resume. The strategy identifies these trends and positions to capture any session price breakout when the London market opens.
The strategy uses a 100% mechanical entry and exit levels for trades. This means that each morning all you have to do is check the indicator for a trading signal on your chart time frame. Signals are automatically calculated based on the previous price action. The signals shows exactly where to set your pending orders. This includes where to place your entry, stop order and a take profit level. Simply place the indicated orders and you are done.
This makes for a simple morning Forex trading system which is both profitable and efficient to trade.
Daily Set Time Trading
Easy to Install
Reliable MT4 Indicator
Trading Since 2009
Open Range Trading
We trade the London session open. This occurs at 08:00 UK local time. Trades are signaled in the indicator and are considered ‘set and forget’. This helps to remove the ‘grey areas’ of many other systems.
The strategy is built around a set of rules. These help to eliminate fear, greed and the constant screen watching associated with many systems. There are no complicated technical chart patterns to follow. Instead the indicator highlights the levels to use as profit targets and where to set your stops. Risk is fully calculated on each trade. This removes subjectivity and ’emotional’ involvement from the trading process. This is an area that most traders fail to deal with and results in them failing.
With our London Opening range breakout strategy you trade at a set time each morning. All you have to do is follow the signals! This make it one the best Forex trading strategies for new traders.
You can trade in as little as 10 minutes per day!
No subjectivity or second guessing is required. It really is that easy!
The idea behind it is sound and the money management for once is relatively sensible. The system has made excellent returns… we have a serious contender on our hands here.
What Really Profits?
The potential here is great. Since downloading I have already recouped the cost in just a few days. At last a simple Forex trading system for making pips that actually works!
As a new trader I really appreciate the clear set up instructions and support you have provided to get me started. I think I’m onto a long term winner here. Thanks.
London Opening Range Forex Strategy
In developing our method we have focused on creating a reliable and repeatable way to capitalize on price action breakouts. We have taken our cue from such recognised methods as the ‘Big Ben‘ and ‘box breakout strategies‘ .
As an experienced group of day traders, our expertise and research has resulted in a simple GBPUSD breakout strategy for Forex. Risk levels are defined to limit exposure. This is an integral part of trading success.
While our main focus is on the GBP/USD and EUR/USD, advanced traders can also trade other currency pairs. There are several good candidates should you wish to widen your scope. Suggestions include many of the European crosses such as EUR/GBP, EUR/JPY, GBP/JPY and EUR/GBP.
The MetaTrader indicator provided is flexible enough to be configured to trade other sessions if you wish. The European session when the Frankfurt and Paris markets open or even the New York Open provide additional trading possibilities.