London Breakout Strategy

1) At London opening, look at the previous 4 candles high and low, then set TWO buy stop and sell stop order 5 pips above and below these high and lows.
2) On the first orders, Set the SL at 25 pips, and the TP at 20 pips.
3) On the second orders set the SL at 25 pips, no TP. Instead have a 20 pip trailing stop that activates once the trade hits 20 pips profit.
4) After 1 hour, cancel all pending stop orders, close any profitable open positions, leave loosing positions open with the SL intact.
5) At the end of the first hour of London opening enter new buy and sell stop orders. There will be 8 orders, 4 buy stop orders and 4 sell stop orders. Each is placed 3 pips above and below the first hour of London opening high and low. They are set as follows
- Buy stop order 1: 20 pips SL, 20 pips TP.
- Buy stop order 2: 20 pips SL, 40 pips TP, 20 pips trailing stop (activated once 20 pips in profit)
- Buy stop order 3: 20 pips SL, 60 pips TP, 20 pips trailing stop (activated once 20 pips in profit)
- Buy stop order 4: 20 pips SL, 100 pips TP, 20 pips trailing stop (activated once 20 pips in profit)

The same applies to the sell stop orders.

6) If a position opens and closes, and then the candle retracts at least 50% of it’s length, then place new buy/sell stop order 5 pips above/below the candles high/low.
Example, USD/GBP sell stop position opens, closes for profit or loss, price then retracts 50% of the candle, a new sell stop order will be placed 5 pips below that candles low point.

7) All positions and orders are held until 4pm GMT

I should have the ability to choose the position size, either by percentage of account balance or a fixed number of lots.

Should have the ability to turn on or off the re-entering of buy/sell stop orders listed in number 6.