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Old 07-02-2009, 09:25 PM
MADMKIV MADMKIV is offline
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Successful Breakout strategy

A while back on this very forum there was a great thread about the London Open and the great trading oppurtunities that arise from it. Apparently it is a classic strategy and one I have been trading all week. Here is picture from today's GBPUSD I believe I have optimised the beginning period to create the correct range to capture successful breakouts.

I am trying to trade 5 currencies at once, waiting for the breakouts, but with the new anti hedging laws with IBFX it now impossible to place buy stops and sell stops together

So i sit glued to my screen and per usual as soon as I leave the screen for a coffee all hell has broke loose and I have missed a trade.

Would it be possible for some one to add some order functions to the indicator? i.e. make it a simple ea. It only needs a lot size, SL and a TP. Oh yes and how many pips you want each side of the breakout lines before it triggers. I usually allow just one.

Thanks in advance and good luck with the trading
Attached Images
File Type: jpg London Break Out.jpg (89.6 KB, 552 views)
Attached Files
File Type: mq4 BreakOut_BOX_4_LONDON_OpeningRange_indicator.mq4 (15.1 KB, 104 views)
File Type: tpl london breakout gbpusd.tpl (633.6 KB, 70 views)
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