London Open Forex Breakout Strategy
This is a breakout strategy that uses a 15 or 30-minute timeframe. This is applicable for EURUSD, GBPUSD and AUDUSD pairs.
Forex Indicators:
- Breakout Box 4 London Open,
- Buy Zone Fibs;
- Sell Zone Fibs.
- FX Fisher mod indicator (10 period set signal true);
- FX Fischer mod indicator (25 period set signal true).
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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Click here below to download:
Hello,
Where can I get the mentioned Fisher indicators? In the download file is only a template file.
Kind regards,
Tobias
Hi Tobias, We have updated the indicators, now you can proceed to download the folder.
Admin
Hola a todos,
Por favor, necesito ayuda. A pesar de instalar la plantilla correctamente, aun no se muestran los Boxes, ni ninguno de los indicadores.
Muchas Gracias
Saludos Cordiales
Enrique
Hello Admin and Everybody,
I have followed your instructions, but I still do not see the indicators in my chart. Perhaps, is it because the markets are closed?. But, when I have installed any other strategy, I have seen all the indicators at the same moment. Please Help me.
Thanks a lot
Sincerely
Enrique
To me it happens the same thing, I download the indicator but when unzipping the rar file only a template appears, and when applying the template on a graphic does not appear any indicator
Forex Indicators:
Breakout Box 4 London Open,
Buy Zone Fibs;
Sell Zone Fibs.
FX Fisher mod indicator (10 period set signal true);
FX Fischer mod indicator (25 period set signal true).
 Please check your compressed file where these indicators should be since in the file that is downloaded they do not appear once decompressed
Hi All,
Thanks for updating us.
We have fixed the error and now you can proceed to download the zip folder with the indicators.
Regards,
Tim Morris