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A Simple London Breakout V.2

  • #1,481
  • Oct 4, 2021 3:43pm Oct 4, 2021 3:43pm
Quoting mer071898
The initial trade setup is determined after the box has formed. Once formed we wait for a candle to breach the edge of the box, either long or short. The stop is going to be the opposite side of the box as in the previous thread, but this time around we will be moving the stop as targets are hit. {image}
Dont create any pending orders. Wait for the bar to close above or below box. the closing price of the bar is your trade open price. Trade only GBPUSD ... 80% winning rate ! my 2c's
  • #1,482
  • Oct 12, 2021 2:16pm Oct 12, 2021 2:16pm
Quoting activetrade
{quote} Dont create any pending orders. Wait for the bar to close above or below box. the closing price of the bar is your trade open price. Trade only GBPUSD ... 80% winning rate ! my 2c's
activetrade thanks for the info, what RR ratio do you use with the 80% winrate? how do you deal with false breakouts etc, did you backtest this over 5 years and so on?
  • #1,483
  • Oct 26, 2021 1:22pm Oct 26, 2021 1:22pm
Here are my results after 1 month, using a $1000 demo account, with most of the settings as described. I only take 1 trade per day per pair, and have the SL set at TP factor .5, with 15 pip min and 60 pip max boxes. I trade 0.01 lot size, with a move to Breakeven +5 pips when it hits halfway to TP. Box drawing starts at the Tokyo open (7 pm CST) and box drawing ends 15 minutes before the London open (1:45 am CST). Session ends at the London close (11:00 am CST). At one point I had it closing all trades at the London close, but not anymore.

I've got 3 sets of charts. All_Pairs isn't all 28, but a good chunk of the majors plus the European crosses. Profitable_Pairs filters out mostly the Usd and Chf pairs. Winning_Pairs is just those pairs at or above 60% win rate.

MyFxBook link:

https://www.myfxbook.com/portfolio/l...a-demo/9010383

I currently have 3 platforms running side by side. One as described and shown above. The next one is exactly the same except the TP factor is .75 instead of 1. The third is like the first (shown above) except it can take 2 trades a day per pair. Not 2 at the same time, but one trade, and then another re-entry trade later, after the first has closed (ran into FIFO trouble with OANDA with the triple position setting). I'm only a week or two in on those other tests.

I'm going to run it for another month before I maybe put money into it. 2 more things I'm going to test. I'm going to code it so that instead of BE+5 pips, it takes BE+ .25 TP. And then I'm going to have one session that just runs my standard settings on all 28 pairs. I will probably always have that running side by side with it, even once I go live.

Pepper...

All Pairs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: London BO EA - 1 Month_All Pairs-1.JPG Size: 151 KB
Click to Enlarge Name: London BO EA - 1 Month_All Pairs-2.JPG Size: 149 KB
  • #1,484
  • Oct 26, 2021 1:23pm Oct 26, 2021 1:23pm
Profitable Pairs
Attached Image(s) (click to enlarge)
Click to Enlarge Name: London BO EA - 1 Month_Profitable Pairs-1.JPG Size: 147 KB
Click to Enlarge Name: London BO EA - 1 Month_Profitable Pairs-2.JPG Size: 91 KB
  • #1,485
  • Oct 26, 2021 1:24pm Oct 26, 2021 1:24pm
Winning Pairs (58% win & above)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: London BO EA - 1 Month_Winning Pairs-1.JPG Size: 149 KB
Click to Enlarge Name: London BO EA - 1 Month_Winning Pairs-2.JPG Size: 149 KB
  • #1,486
  • Dec 23, 2021 5:01pm Dec 23, 2021 5:01pm
Quoting mer071898
When placing trades in the original strategy we only placed a single trade at the entry point and waited til we hit a target or got stopped out. With this strategy, you can place a single trade, 2 trades, or even 3 trades at the entry point. I will be placing 3 trades at the same time for all examples I will be giving you. Again this is how a perfect trade would go: 1.) Price hits our entry point and we place three individual trades of whatever size your money management will dictate (make all 3 trades the same size). 2.) As price hits our Target...
what do i put for start time ,end time and session end

my london session starts at 10:00 and end session 20:00 and what do i put for session end?
  • #1,487
  • Feb 25, 2022 4:33am Feb 25, 2022 4:33am
Hi there this looks amazing i would like to get the Indicator how do i get it kindly assist i have totest this out
  • #1,488
  • Sep 26, 2022 2:03am Sep 26, 2022 2:03am
Hi everyone, anyone who has 3 Tier London Break Out and how to install it?
  • #1,489
  • Aug 19, 2024 6:36pm Aug 19, 2024 6:36pm
I just want to say a big thank you to Mer and Squalou and many others for the time and dedication they have contributed to the EA's and indicators and mind boggling script and strategies in this thread. I have got it set up to backtest now, minus the martingale. When you guys started this, I didn't even know what forex was until about 2013, lol.

Anyway, thanks again, and hopefully I can finish the final piece of the jigsaw
  • #1,490
  • Sep 1, 2024 6:15pm Sep 1, 2024 6:15pm
Quoting kamran_gg
regards tanx for answer...but my question.. is it possible for EA to trade with Bid line when it wants to open a long position? u know touching entrybuy line by ASK line is not our goal u see break out happens just when BID line touchs the entry buy NOT ask line and this is FALSE signal... this would be worse when i try to trade in some chart like XAUUSD(gold spot) or even GBPJPY cause they have 4-7 spread! a lot of bad trades those shouldnt open! tanx in advance
Hello kamran_gg!

This thread is more than a decade before, but I see you were on line lately from your profile, hence I am posting now.

I am interested in this v2 and have been quickly going over all the posts. I found your post sharing your trades on XAUUSD, which were in profit.

Which version of this EA, b, c, or d, you traded gold?

Can you recall your inpuit parameters and share with me?

Regards,

Akira
  • #1,491
  • Last Post: Jul 18, 2025 12:57pm Jul 18, 2025 12:57pm
Good day everyone,

anyone still trading this method? the templates listed on site don't work, neither do the indicators.

thoughts?
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