A Simple London Breakout V.2

Hello Dave,

I don't know if this will work with the version used here. I'll have to look at it when I get some free time.

Maybe squalou or xmph our two coding geniuses could incorporate this into the latest version. The bar currently doesn't show on the chart until the session has ended. The ultimate would be that the bar shows on the chart at the start of the session and grows as time passes until the end of the session. It would also be advantageous to have the London, US and Asian Opens on the existing indicator or at least incorporated into the same indicator instead of three separate indicators.

Attached is the indicator I use to produce the vertical lines. You will have to adjust for your chart's time zone. On the inputs you will need to change the color from black to linen.

Johnny

The EA does a fine job but price often does not play ball!!!

Is it possible to add a safety net of say 5pips, back from the box edge so that if price pops out, triggers orders then retraces back into the box, the trades are closed when price loses 5 pips on the trades.

This would limit my losses to 25 per instance and still let the EA make more trades when price pops out again.

Since I know nothing about EA programming, this might be a nonesence but the alternative is to manually close the trades. Would manually closing interfere with the running of the EA?

Thanks Johnny.

Day one of my multiple pairs/ multiple breakout trials.

The Asian Run as I call it was first to go and we had a spike.
€$ made 5 buys to TPs or SLs on the way back;
£$ didn't trigger as I had the min size too big but then made lots of 5 trades that just bounced up and down. Wish I had that safety net!!!
I tried manually closing the trades to save a few pips. Later I added a 'move SL by mouse' on another chard- same pair. It worked on the chart but the 3T just ignored it, in fact didn't use its own SL values;
$Y didn't trigger at all!! Don't know why. Looked in log, looked in journal but no answers.

Ah well, LBO next, see how that goes.

Hi friends,

That´s a really good strategy. I´m applying it and it is working very well.

I would like to ask you, why the EA is not placing the trades.

I´m attaching the image with the error:

Thank you for your help.

We don't get a lot of posts these days so ...

At a guess, I would say you have an ECN broker but have not ticked the box. Worth a check.

EJ pair worked a treat yesterday.
http://screencast.com/t/BUO1zsVc05z
So did the AU, GU, and EU
Mondays so far have been loosers for me.

I did well with €Y and $Y as well as £$.

I couldn't upload this ea to mt4 (demo account). I was try on different brokers - the same situation. Anybody know what does it mean?

I'm on Alpari,if that helps.

it doesn't help

When you say you can't upload the EA are you saying it doesn't appear in the navigator bar under expert advisors? Just check you have pasted it into the correct experts directory for your demo mt4. sounds obvious but I once had two demo mt4 packages loaded on my hard drive. I once happily cutting and pasting indicators into the dirctory of the wrong mt4 version I was trading with. Hope this helps

I have 6-7 mt4 platforms on my pc for different strategies. A simple london breakout EA have a right folder (expert). In mt4 it already compiled and it has a right color (not gray). But when i try to upload it on the chart - nothing happens. I was trying it on different brokers - the same situation. Any ideas?

Only the normal suggestions. Delete it and close MT4. Re install. Maybe even download it again but I'm clutching at straws here.

Please modify London Breakout indicator with an alert when price goes buy-sell zone.

That would be kinda helpful when away from computer. If I could add a further addition for the wish list - email alert for the same thing. I use my cell phone to alert me of the major alerts from my most significant indicators via email = 2 5 EMA cross-over and the TDI crosses. THANKS wonderful programers

I started the test today, got the 3 TP in 1 session with the EA.

I don't know why the EA is not profitable in back test but in forward test it is profitable, maybe some data is missing in the backtest.

Anyway I never trust in backtests.

Excellent EA.

Hello!

I was trading some weeks ago with this system with a live account.

My account did not opened all three operations in the 5th multiplier, the mt4 said me not enough money.

I traded 2 pairs at once with 1,000 live account with 0.01 lots, it wasn´t enough money to trade at multiplier of 5.

To use this system, you need to have at least 5,000 to trade 0.01 lots with some pairs.

I hope that this information help you.

Thank you .

I told everyone a long time ago that you need to have a well capitalized account for this EA to be successful in the long run. To run 2 pairs on a $1000 live account is a very irresponsible move without properly forward testing it out on demo.

I have a demo account on Forex.com with a MT4 platform and thought I'd try this EA now that it seems a lot of the bugs have been worked out. It loads fine and then is immediately removed when I change send trades to true. Any ideas why? Any help would be appreciated. I don't use MT4 to trade live nor have I ever used it to run an EA.

Well it now seems to be working. It was doing the zero divide thingie. After a few input changes it now seems to be working.

Thanks,

Johnny