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A Simple London Breakout 1,046 replies

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Attachments: A Simple London Breakout V.2
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A Simple London Breakout V.2

Quoting squalou
{quote} GREAT SPOT sabooky!!! Many thanks for that! Another pair of eyes is always better... I should perhaps get a bigger screen This bug shows up only on 2/4-digits brokrs, that why i couln't see it (i use a 5D brokr), and why it would not affect everyone. So... attached is v1.3b of the EA with this fix. SQ {file} {file}


hello squalou, is there an updated version for this EA?
hello squalou, is there an updated version for this EA?
Quoting _BBKing_
hi everyone I built a simple code to draw the london box on JForex charts to use with london breakouts strategies If anyone interested, follow this link
Hello. you can send code to draw the london box on JForex to me. Because Yours link is not run. My mail: [email protected]
Thank!
Quoting ruben-trader
{quote} Hey Merritt.... nice work man! I took a look into your codes and did some mod in your entries approach.... I'm not saying that you've a problem with entry, but I refined things that I judge could be better and I've to say.... the results were very good indeed. EURUSD $100 M15 Spread: 1 pip BT: from 2015 up today Take a look yourself, let me know what you think about it: {image} {image} {image}


these are 1 of these post that never get answered because its all BS...............not the strategy but ruben the poster
Can anybody help me? I must use mt5 and I need the indicator of 3Tier London Breakout v3.2b mq5 or a similar indicator for mt5, thanks for help.
Please send me the latest version and user manual of the tool London breakout EA
Thank you!
''What we did was use the edge of the box as the new Entry Point''
I can't understand the entry point exactly. Firstly a bar crosses up the edge of the box, the next bar you will enter.
If the next bar's close is below the previous bar's high will you enter?
If the next bar's close is below the previous bar's close will you enter?
Or you will enter at the next bar's open in any case?
You dont use 1.3 rate for entry, what are the drawbacks?
If I use this system at stock market endexes have I some problems?
Thank you far all..
Quoting mer071898
One thing I noticed that we need to watch out for (see pic) {image}
So you don't allow an entry based on the opening candle of the session? Always ignore that 1st candle?
Winners add to winning trades!
Fantastic thread! Thanks to the original poster and those who helped it along the way. Finally finished reading the whole thread and did a period of backtesting and some forward testing with some awesome results. I have been trading it live (manually as I don't use MT4) across 3 pairs and have banked 49% profit in a week and a half so far! I only trade the 1st sets of each open and I multiply the next day if today loses but not using Martingale so I can use good risk per trade and the stats for multiple days of losing is so low I can use that to my advantage.
Winners add to winning trades!
hi all, use 3 Tier London Breakout EA on CFD and 'zero divide' error appear but it work fine on forex.
anybody know how to fix it ? i don't know programming and try to read the version history in the script, it may due to 2/4-digits , but i still don't know how to fix it....
Attached Images
Attached File(s)
File Type: mq4 3 Tier London Breakout EA v1.3c.mq4   60 KB | 892 downloads
hello i' m antonio trading from italy i can used this indicator from 1 weeks ..i don't write well english... someone can help me to setting for using i want try to use GOLD intraday m15 and m30 ..wich are the best setting of your experience and timing and cross wich is the best of performance ? thanks for help me. and i have setting time entry 06.00 09.14 gmt 1 is correct?
Hi everyone!

I can't backtest the EA on Metatrder... Does anyone have the same problem?

Apart from the time, which you gotta set according to the broker time, what else need to be done?

Thank you
I made the changes as described in the previous post as well and cant get the system to run in the strategy tester either.
can someone please upload the patched /edited files so we can test as well. it would be much appreciated.
peace

ps i am referring to V.3.3b
Hi all. I am a new member in east coast USA. As a night owl, I like to trade the London breakout. I was wondering if there is an EA that can do the following on MT4:

1. Count back 5 candles from London open
2. If 3 of 5 candles are green, place a sell order with 30 PIP profit target on session open
3. If 3 of 5 candles are red; place a buy order with 30 PIP target on session open

Thanks for your help in advance
good morning,

buy breakout today: break and test 1.08577-1.08639
sell breakout today: break and test 1.07631-1.07569

the other breakout/box indicator i found last night https://www.forexfactory.com/showthread.php?t=247220 just watching that for now.

the time setting i have for the box session is 01:00 - 08:00 (GMT+3)

and thanks https://www.forexfactory.com/mer071898
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD#M15.png Size: 73 KB
EURJPY M30
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY#M30.png Size: 102 KB
Quoting jpwilkinson
EURJPY M30 {image}
Hi. Could you please share your London Breakout template and the settings for your 3 tier Breakout Indicator? Thanks.
Quoting sandecoconut
{quote} Hi. Could you please share your London Breakout template and the settings for your 3 tier Breakout Indicator? Thanks.
hello

attached the EURJPY template

the price line alert indicator https://www.mql5.com/en/market/product/23195#

the spread and candle time https://www.mql5.com/en/code/11501

the rest it is easier to just send you screen shots ie. indicator settings
Attached Images
Attached File(s)
File Type: tpl EURJPY.tpl   143 KB | 368 downloads
Thanks for sharing.
Quoting jpwilkinson
EURJPY M30 {image}
Hi!! Why those buys at that prices? Breakout of the cloud?
Quoting Handycap4
Dear frankyol Sir, the 3 Tier London Breakout EA v1.3c.mq4 entry point is at the edge of the breakout box, but I want to set the Offset for entry point from the edge of the breakout box. For example I want the function that I can choose or input the offset that EA can buy or sell X pips above or below the edge of the breakout box. Could you please add this function into 3...
Hello there,
There is already a function in EA that does that.
In the case of buyers, when crossing passes upper box line if Ask is greater than (upper box line price + TP1)/2 it won't trade
You have to change the marked in bold condition :

if (iClose(NULL,TFforReentry,1) <= BuyEntry && Ask >= BuyEntry && Ask < (BuyEntry+BuyTP1)/2) {
lotsToTrade = get_lotsToTrade(magic1, TP_pips,SL_pips);
_OrderSend(symbol,OP_BUY,lotsToTrade,Ask,SLIPPAGE,BuySL, BuyTP1,TradeComment,magic1,0,Blue);
The only secret to success is never giving up
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