49# London Breakout III

GBP/USD EUR/USD Morning Breakout

Submit by Swiss FX 18/02/2013

 

GMT+0 (London time).

London Session.

Currency pairs: GBP/USD and EUR USD.

Time Frame:H1.

 

London Breakout III Metatrader Indicators:

ant-GUBreakout (start 00:00 end 7:00);

i-paramon Work Time (start 00:00 end 7:00);

Z-comfx

 


Entry:
Take the high and low price from between midnight and 07: 00 and then place two pendings orders. One at the high price + 15 pips and one at the low price - 15 pips. Set the pending orders to expire 12:00.

Stoploss:
Stop loss EUR/USD 18 pips, GBP/USD 20 pips

Takeprofit:
trailing stop of 10 pips or profit target 25 pips EUR/USD and 30 pips GBP/USD.

 


 

Share your opinion, can help everyone to understand the forex strategy.

Comments: 0

London Breakout Indicators

London Breakout Indicators
London Breakout Indicators
London Breakout Indicators.rar
compressed file archive 30.9 KB

london breakout III Trading system

london breakout III
Trading System
london breakout III.rar
compressed file archive 3.2 KB