Open Market Breakout
- Experts
- Adrian Vicedo Ramos
- Version: 1.0
- Activations: 5
Open Market Breakout EA
This EA is designed to achieve high profits robustly and consistently. You can use it on your accounts or funded accounts. It is focused on maximizing profits within low drawdown values to keep your account safe and to be able to meet the prop firms' evaluations.
London Breakout Strategy
The London Breakout strategy is a popular trading approach used in the forex market, designed to capitalize on the increased volatility and liquidity that often occurs at the start of the London trading session. The strategy is based on the premise that the opening of the London market (which overlaps with the end of the Asian session) often sets the tone for the day's trading.
Recommended: Trade on USD/JPY M5
Parameters
START_HOUR: Define the start of the range in hours.
END_HOUR: Define the end of the range in hours.
CLOSING_HOUR: The hour of the day to close open positions and pending orders.
LOTS: The lots per trade.
SL_POINTS: Stop Loss in points.
TP_POINTS: Take Profit in points.
TRAIL_STOP: To use or not a trailing stop.
MAGIC: To set a magic number to your trades.
Recommended Params
START_HOUR = 1
END_HOUR = 7
CLOSING_HOUR = 22
LOTS = 0.01 (For $100 accounts)
SL_POINTS = 100 (100 points or 10 pips)
TP_POINTS = 200 (200 points or 20 pips)
TRAIL_STOP = true
MAGIC = 61 for good profits :)
The backtesting shown in the images was done with Tick Data Suite high quality data.
