Forex Forums | ForexLasers.com


Go Back   Forex Lasers Forum > FOREX TRADING > Forex Systems


london trades

Forex Systems


Reply
 
LinkBack Thread Tools Search this Thread
  #1  
Old 08-04-2009, 15:28
Level 1 Lasers Member
 
Join Date: Feb 2009
Posts: 2
Default london trades

This strategy is based on the London Market.

Currency Pair: GBP/JPY
Time frame: 1 hour

Strategy:
Before London opens, at 08:00 GMT, mark the High and Low of the last 4 hours - from 04:00 until 07:59 GMT. Set your Buy and Sell orders 10 pips away from those highs and lows.

I set my TP to 100 pips, excluding spread, and have a trailing Stop Loss, and take which ever comes first? My trailing stop is set at the previous hours high, and follows every hour.

London breakout strategy GBP/JPY


All depending on your money management, this can work due to the pairs large moves.
Any additional tips will be greatly appreciated.
Reply With Quote
  #2  
Old 08-04-2009, 23:40
Level IV Lasers Member
 
Join Date: Feb 2009
Location: North Carolina
Posts: 102
Default

How long do you wait for the breakout before you cancel the orders?
Reply With Quote
  #3  
Old 10-04-2009, 20:15
vanhook2's Avatar
Level IV Lasers Member
 
Join Date: Feb 2009
Posts: 122
Default Break out indicator

Here is a Break Out Indicator that you can set up for any time you want.
Also, follow the link to the trailing stop EA that I use.
Hope they help.:)

http://forexmoments.com/forums/419-post1.html
Attached Files
File Type: ex4 BreakOut_PANCA_EAGLE__indicator.ex4 (6.6 KB)
Reply With Quote
  #4  
Old 11-04-2009, 19:38
Level IV Lasers Member
 
Join Date: Feb 2009
Location: North Carolina
Posts: 102
Default

Quote:
Originally Posted by vanhook2 View Post
Here is a Break Out Indicator that you can set up for any time you want.
Also, follow the link to the trailing stop EA that I use.
Hope they help.:)

http://forexmoments.com/forums/419-post1.html
Do you have the mq4 file available? Can you post it?
Reply With Quote
  #5  
Old 11-04-2009, 19:59
vanhook2's Avatar
Level IV Lasers Member
 
Join Date: Feb 2009
Posts: 122
Default

Quote:
Originally Posted by SquareRoot View Post
Do you have the mq4 file available? Can you post it?
No, I don't have the mq4 file.
I never had a need or a reason for it.
Maybe you can find & post it.

Last edited by vanhook2; 11-04-2009 at 20:08.
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
EA manages trades with ATR bill Expert Advisors / Robots 1 02-08-2009 11:24
ACTIV TRADES admin Broker Ratings & Reviews 0 21-02-2009 19:20


All times are GMT. The time now is 12:31.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.