54# London Open Box Breakout 4 Trading System

Box Breakout Forex Trading System

 

Submit By BonnieII   09/07/2013

 

Time Frame 15 min or 30 min.

Currency pairs:EUR/USD, GBP/USD, AUD/USD

 

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: London Open Box Breakout Trading System

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 Conditions:

The Price is 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 Conditions:

The Price is 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 in a breakout intraday system is the most important aspect.

 

  1. Target profit is 20-25 pips. Place Initial Stop loss 20 pips, but when you have 12-15 pips in profit move stop loss to breakeven.

  2. After open position Insert a Trailng Stop of 25 pips and close the position at end of Day or with a profit target of 40-50 pips.

    This Trading System is also good for trading with Binary Options Strategies.

London Open Box Breakout 4 Trading System
London Open Box Breakout 4 Trading System
London Open Box Breakout 4 Trading System
London Open Box Breakout 4 Trading System
Indicators.rar
compressed file archive 11.6 KB

London Open Box Breakout 4 Trading System

London Open Box Breakout 4 Trading System
London Open Box Breakout 4 Trading System: Template
london open box breakout trading system.
compressed file archive 4.9 KB

 

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