[LOS] London Open Strategy

The title said it all. YES! THIS IS THE LONDON OPEN STRATEGY!
I did not know if got others already develop this AMAZING strategy, but I'm here to share with you all about this exciting system!

RULES (1HR TF)
1. Before London Open (10am on my MT4), we get the direction of the candle
2. Refer to TDI
3. If it is same direction, enter the trade when LO.

R:R Ratio
I strongly recommend 20 pips for SL and same as TP. You may use trailing stop to ride the trend.



In the example, I marked 3 trades. London Open was marked by red vertical line.

Trade 1:
1. Before LO, previous candle is bear candle.
2. TDI on that candle crossed down previously, means still in down trend.
3. So we sell this pair when LO

Trade 2:
1. Before LO, previous candle is bull candle.
2. TDI on that candle crossed down previously, means still in down trend. (Look carefully, TDI NOT cross upward yet, still remain down trend)
3. So we do not take this trade.

Trade 3:
1. Before LO, previous candle is bear candle.
2. TDI on that candle crossed down previously, means still in down trend.
3. So we sell this pair when LO

Indicators

Today trade +20 pips

what pair, TF, indicator setting you prefer ?

30m / 1H Chart. To reduce noise i recommend 1H. TDI is default setting. I got another 15 EMA, it did nothing actually lol.
You guys can make this as basic model, then add your own working indicator to filter out some wrong trade.
I try CCI 14, works pretty good

I trade on EU and EG

[March Performance][EUR/GBP]
Total trade : 10
Win Trade : 9
Lose Trade : 1
Trade Filtered : 7
Overall Win-rate : 90%

CCI 14 Added as trade filter
Above 0 - Buy Trend
Below 0 - Sell Trend


This is the example that filter this wrong trade
Before LO is BULL
TDI crossed up previously, means in uptrend
But it is a lose trade. However the CCI 14 is below 0. So this trade we will not enter.

nice run. on what TF that was ?

could you share the indicator and perhaps your prefered settings (template).

i'd like to try it. thanks

i will update it on the first post 1hr TF

Today trade, selling EU for 20pips. Lets wait and see how this goes!


EDIT
Still floating until now. Forgot to mention that SL should be 20 pips from the open price of LO.

Today trade is a loss, but overall im still in positive pips since starting of March!

FIX #1
[March Performance][EUR/USD]
Total trade : 13
Win Trade : 10
Lose Trade : 3
Trade Filtered : 5

[March Performance][EUR/GBP]
Total trade : 10
Win Trade : 9
Lose Trade : 1
Trade Filtered : 8

pure crap

another london open coin toss strategy

Hi there, I was going through your system but when I applied the same in my MT4, it has few extra lines in CCI_Woodies and Synergy_pro_TDI. Please check my screenshot and reply me ASAP.
P.s: I am using a dummy account, still a noob, wanna try your system
Thanks.

I dont have a good experience with london breakout system.. my winning rate below 50% for 1 month.
Maybe london market system are volatile with the news that happen in the european market zone

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Buy above first 1HOUR BAR London open bar exit stoploss and take profits up to you

TEST 1

exit

set up