London close trading system for currencies | Forex Factory

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London close trading system for currencies

  • #1
  • First Post: Edited Nov 21, 2019 3:25am Jul 9, 2016 11:22am | Edited Nov 21, 2019 3:25am
anyone want to test copy trading from mid of Avril 2019
for one month witout cost please contact me at email

is any interested please contact me by E-Mail with your user name:

[email protected]


- Start London close time 16:00 GMT (german time 18:00) -summertime- Links below on this Post 1
Please NOTE: the GMT time is overall on the world the same 16:00 GMT

- Charts Candle M15

- Pairs: AUDCHF AUDJPY AUDUSD EURAUD EURCHF EURGBP EURJPY EURUSD
GBPAUD GBPCHF GBPJPY GBPUSD NZDJPY NZDUSD USDCHF USDJPY

- Fibonacci end 16:00 GMT 0 lowest 100 highest - Fibonacci time begin 22:00 GMT - end 16:00 GMT = 72 x M15 Candle

Rule 1: MarketOrders buy if the pricing is between 0 and 23.6 Fibo and the distance to 23.6 is minimum 10 Pips or more

Rule 2: Marketorders sell if the pricing is between 100 and 76.4 Fibo and the distance to 76.4 is minimum 10 Pips or more

Rule 3: Limitorders buy and sell on the 0 line buy or 100 line sell - but the Order must have a minimum 10 Pips from the actuell price line
if not make the order with 10 Pips distance to the actual pricing

Rule 4: TakeProfit is ever 23.6 line (buy) or 76.4 Line (sell)

Rule 5: StopLoss is for the MarketOrders ever 123.6 (sell) or ./. 23.6 (buy)
or set to 131.8 or - 31.8 if the order is naer by 0 / 100 or set the SL your wish 50 or 100 Pips


Rule 6: StopLoss for the LimitOrders 1 in general 50 or 100 Pips (for EA is the Rule SL = Line - 31.8 (buy) + 131.8 (sell) Orders)
is the pricing between 0 / 100 and - / + 23.6 put the SL to the 38.2 line

Rule 7: (only for EA) 2. Limitorder on the + 123.6 line (sell) and - 23.6 Line (buy)
TP for this 2. LimitOrders 23.6 buylimit and 76.4 selllimit SL 150 line (sell) and - 50 line (buy) or 100 Pips

- for the 2. Limitorders must have a extra Lot function in the EA (example: Marketorder 0.10 / 1. Limit 0.15 / 2. Limit 0.20)

Rule 8: non active LimitOrders will all close 1:15 hour after start (for EA is to change the time in minutes)

- you can trade every day the London close System

- close the active Orders if in win with TP or your choyce

- I trade this every day with 0.1 Lot the MarketOrders and 0.15 Lot the LimitOrders

- first by begin: I make all MarketOrders with the rules, after all LimitOrders with the rules
at least then give in TP and SL

here the receiver and dll and settings for copy trading for download:

please note:

you need for the copy trade a User ID and a password from www.fxblue.com
and you must sent us the User ID by e-mail to [email protected]

without User ID and sent to us you can't copy trade

Attached File(s)
File Type: zip tradecopierfx2.zip   350 KB | 671 downloads | Uploaded Apr 18, 2019 10:21am


here the description for install the receiver and dll and settings:

Attached File(s)
File Type: pdf Description copy trade.pdf   43 KB | 897 downloads | Uploaded May 29, 2019 8:20am


here the Fibo Zones Indicator from SwingMan:

Attached File(s)
File Type: mq4 smLondonCloseFiboZones_v6.mq4   17 KB | 813 downloads | Uploaded Nov 20, 2019 7:04am


here the template for the pair chart with Fibonacci

Attached File(s)
File Type: tpl default.tpl   149 KB | 653 downloads | Uploaded Nov 20, 2019 7:20am
  • #2
  • Edited 12:45pm Jul 9, 2016 12:07pm | Edited 12:45pm
Here the 2 Fibonacci Indicators for the London close System

Attached File(s)
File Type: ex4 Fibo Color Zones.ex4   62 KB | 3,133 downloads


Attached File(s)
File Type: ex4 Time Zones.ex4   14 KB | 2,739 downloads


settings fibo color

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Fibo_Color1.JPG Size: 98 KB
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_Fibo_Color2.JPG Size: 96 KB




trading pairs: AUDCHF - AUDUSD - CHFJPY - EURAUD - EURCHF - EURGBP
EURJPY - EURUSD - GBPAUD - GBPCHF - GBPJPY - GBPUSD - USDCHF - USDJPY

here my orders from friday 08.07.2016 with this System

Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_236LOclose.jpg Size: 72 KB


the order # 55841384 is'nt with this system, the last order I have closed because friday one hour after start
  • #3
  • Jul 9, 2016 5:36pm Jul 9, 2016 5:36pm
Hey Ghostbiker, for how long did you keep testing this strategy?
Waiting to see some example pictures of entries and exits
  • #4
  • Edited 9:48pm Jul 9, 2016 6:33pm | Edited 9:48pm
Nice, logical and straightforward strategy.

I assume that it could be coded into an EA, and a few backtests would give a glimpse at its long-term potentials.
  • #5
  • Jul 10, 2016 1:15am Jul 10, 2016 1:15am
can u elaborate a bit more.i could not understand.please post some chart.what is kurs?
  • #6
  • Jul 10, 2016 1:24am Jul 10, 2016 1:24am
I used to trade this end of London sesssion reversal often. Watch the 11.8/88.2 lines as they constitute a half Fib and final support resistance points.
You should do well with this system. Good Luck.
  • #7
  • Jul 10, 2016 5:29am Jul 10, 2016 5:29am
@MasterGuru: I trade this since 3 years every day and the Orders with ExpertAdvisor and manually are absolutely the same
with EA we make a second LimitOrder on the -23.6 (BuyLimit) and the 123.6 (SellLimit) with SL 50 Pips, if not active, close
after one hour -for manually is to much speed work-

Forwardtest every day is easier and you can see the Equity growt

The good message is, you can have 100 Pips and more within 1 hour with this reversal trades

and you need not luck
  • #8
  • Jul 10, 2016 7:36am Jul 10, 2016 7:36am
Quoting ghostbiker
@MasterGuru: I trade this since 3 years every day and the Orders with ExpertAdvisor and manually are absolutely the same with EA we make a second LimitOrder on the -23.6 (BuyLimit) and the 123.6 (SellLimit) with SL 50 Pips, if not active, close after one hour -for manually is to much speed work- Forwardtest every day is easier and you can see the Equity growt The good message is, you can have 100 Pips and more within 1 hour with this reversal trades and you need not luck
@Ghostbiker

Thanks for the info! It sounds that you already have the EA. Would you mind sharing some backtest results?

Personally I would be interested in seeing DD periods and sizes.
  • #9
  • Edited 8:42am Jul 10, 2016 7:54am | Edited 8:42am
@MasterGuru:

- one EA ist a Dashboard u can't backtest it is with 14 - 16 pairs

- the second EA I trade with 15 Pairs since 3 years forward, I need not a backtest for what ?

- trade this system first manually is total easy and you see that is very good in wins
and you need not a backtest

- we have not DD periods, normally closed 90% - 95% all London close Orders after 2 hours
or latest the next moring

- trade the size up to 0.02 - 0.03 per 1000 for begin
  • #10
  • Jul 10, 2016 8:03am Jul 10, 2016 8:03am
Quoting ghostbiker
@MasterGuru: - one EA ist a Dashboard u can't backtest it with 14 - 16 pairs - the second EA I trade with 15 Pairs since 3 years forward, I need not a backtest for what ? - trade this system first manually is total easy and you see that is very good in wins and you need not a backtest - we have not DD periods, normally closed 90% - 95% all London close Orders on the same day - trade the size up to 0.02 - 0.03 per 1000 for begin
Thanks again, Ghostbiker!

You are absolutely right! Live Forward Testing is much more valuable than any kind of backtest.
  • #11
  • Jul 10, 2016 9:13am Jul 10, 2016 9:13am
Hi GB. Thanks for sharing.

1st Question: What is Kurs?

Next, I'm afraid I'm not clear on when to trade the fib numbers. Is there a specific time I either trade a pair, or not?

So if I'm watching EurAud, and at 1600 GMT, price is not in either location of previous fib range, I would then set a Limit order, to expire after one hour 15 minutes?

Thanks,
Darryl
  • #12
  • Jul 10, 2016 9:31am Jul 10, 2016 9:31am
1. Kurs = actually price line 16:00 GMT

2. read the rules on Post 1: time is London close GMT 16:00 and if the price line is naer by 0 or 100

3. is the price line not about the rule between 0 - 23.6 or 100 and 76.4, then forget this pair immediatley,
look next day agian. Don't trade marketorder and don't trade limitorders in this case

4. I will give in some pics on monday evenging after London close for example
  • #13
  • Jul 10, 2016 9:40am Jul 10, 2016 9:40am
Hi
Is possible look a graphic
thanks
  • #14
  • Jul 10, 2016 10:37am Jul 10, 2016 10:37am
Thanks for sharing your system ghostbiker. I will appreciate if you can post screenshots tomorrow so that we can understand it more.
What time frame do you use for trading?
  • #15
  • Edited 11:34am Jul 10, 2016 11:06am | Edited 11:34am
- for this System "London close 23.6" is only M15 the best

- for other manually Systems Renko Boxes M2 offline chart and for other trending Systems most M15 or H1

easy UNDERSTAD the London close 23.6 System:

- exactly 16:00 GMT the price line is between 0 - 23.6 or 100 and 76.4 near by 0 or 100 (Fibonacci Line)
are the pricelines on a other place don't trade this pair

- distance sell to 76.4 or buy to 23.6 must have minimum 10 Pips

- if yes make a MarketOrder TP is 23.6 for buyorder or 76.4 for sellorder

- SL is for sellorders 123.6 for buyorders - 23.6

- Entry and Exit every day the same it is total easy
  • #16
  • Jul 10, 2016 12:46pm Jul 10, 2016 12:46pm
Quoting ghostbiker
@MasterGuru: I trade this since 3 years every day and the Orders with ExpertAdvisor and manually are absolutely the same with EA we make a second LimitOrder on the -23.6 (BuyLimit) and the 123.6 (SellLimit) with SL 50 Pips, if not active, close after one hour -for manually is to much speed work- Forwardtest every day is easier and you can see the Equity growt The good message is, you can have 100 Pips and more within 1 hour with this reversal trades and you need not luck
so is there an EA that can be tested?
  • #17
  • Jul 10, 2016 2:04pm Jul 10, 2016 2:04pm
GB, do you treat Friday close the same? So when market opens (Sunday/Monday) are you looking for entry then?
  • #18
  • Jul 10, 2016 2:57pm Jul 10, 2016 2:57pm
- yes you can trade Friday the same System, look post # 2 down last friday

- but NFP Friday can trading difficult

- only looking for entry's on monday GMT 16:00

@fabio.g: to understand and profitable trading a system you must first trade manually
  • #19
  • Jul 10, 2016 5:59pm Jul 10, 2016 5:59pm
Quoting ghostbiker
Here the 2 Fibonacci Indicators for the London close System {file} {file} settings fibo color {image}{image} trading pairs: AUDCHF - AUDUSD - CHFJPY - EURAUD - EURCHF - EURGBP EURJPY - EURUSD - GBPAUD - GBPCHF - GBPJPY - GBPUSD - USDCHF - USDJPY here my orders from friday 08.07.2016 with this System {image} the order # 55841384 is'nt with this system, the last order I have closed because friday one hour after start
Ghostbiker,

Thank you for sharing your strategy.
Could you please explain graphing Fibonacci on chart why from your orders last Friday 08.07.2016 a buy order has been triggered for EURUSD at 1.10363 ?
  • #20
  • Jul 10, 2016 7:20pm Jul 10, 2016 7:20pm
EUR/NZD was a winner Friday. Could've got about 13 or 14 pips after paying spread.
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