Added updated template on 1st post I noticed that the old template had the wrong start for London Session. LON-NY Session is 10:00 - 24:00 on my server (GMT +2)

LON-NY Breakout

A lot of fake breaks today. Maybe because it is a Monday and no major news? Not a great start but early days....let's see what tomorrow brings. My lot sizes are not correct at the moment. My lot size calculator is misleading me. I had planned to ...

LON-NY Breakout

I did not catch this one as I had not set my orders. E/J image

LON-NY Breakout

I appreciate your comments but everyone will have their own way of trading this as they see fit. What I hope I have done here by opening this thread is to share with members what I feel is a good point to catch some strong moves. Some people will ...

LON-NY Breakout

Yes this should work well in trending markets with nice clean breaks. We want to avoid ranging days especially where we get false breakouts. You will see from the charts that there are not many days where there is no breakout.

LON-NY Breakout

Hi Igyu5an, Thank you...will check it out to see if there is anything useful for developing my strategy. Regards Neio

LON-NY Breakout

OK been thinking more about this demo. I will have to trade it with more discretion as I do not have the time or tools to manage it. I only really have the time to watch the markets during the first few hours of London open and sporadically during ...

LON-NY Breakout

Thanks for your comments. I am just going by what I see in the charts. From what I can see most of the good clean breakouts do not require such a large stop. I view this more as a scalping strategy while keeping open the possibility of catching a ...

LON-NY Breakout

Hi Ron, Can you give us some idea what you have tried? Have you put the indicator in the indicator folder of your MT4 install and applied the template? Regards Neio

LON-NY Breakout

Thanks for your comments. Let's see how this develops. The biggest change I have notice in the markets is the lower adr ranges. Seems to be more strategies that are popping up just taking small pips to achieve daily targets. For me these breakout ...

LON-NY Breakout

Hi Paul, Appreciate your comments. I wanted to make the potential as visible as possible. Regards Neio

LON-NY Breakout

Many thanks appreciate your input.

LON-NY Breakout

I am focusing on the 6 pairs that I mentioned earlier: EU, EJ, GU, GJ, EA, AU I see no reason why it could not work on other pairs. Probably need pairs with decent spreads if you are planning to scalp these breakouts. Regards Neio

LON-NY Breakout

Hi FXEmpire, I think you will find when looking through the charts that a lot of the ranging or consolidation happens within the breakout points. The breakouts tend to be quite clean. False breakouts are difficult to avoid but I am hoping that My ...

LON-NY Breakout

Just a thought on this....maybe I just need to set the box to finish an hour later? Will check this out.

LON-NY Breakout

I guess what I am hoping for this system first off is that people see the potential that this offers when they scroll back through their charts with the indicator loaded. I then hope this develops into a full blown profitable and simple strategy ...

LON-NY Breakout

Yeah I noticed that. Not sure if that is a problem with the indicator but we just need to adjust slightly for such situations. The fact is that I will be setting my market orders after 22:00 GMT so would only set the orders after NY close candle. I ...

LON-NY Breakout

Thanks Jackub. Appreciate your interest and will check out the link you posted. It is a shame I don't have any stats to backup what I believe I can see in the charts. Hopefully I can do the demo for long enough to show that this is a profitable ...

LON-NY Breakout

LON-NY Breakout Levels for Market open next week... These are prices that the bid line must cross for the order to trigger. I will set the orders shortly after the market reopens again as long as price has not already crossed. EURUSD Buy @ 1.3579 ...

LON-NY Breakout

The breakout levels will be the same no matter what time frame you are looking at. I personally will monitor using the H1 time frame.

LON-NY Breakout