London Open Forex Breakout Strategy







This is a breakout strategy that uses a 15 or 30-minute timeframe. This is applicable for EURUSD, GBPUSD and AUDUSD pairs.

Forex Indicators:

  • Breakout Box 4 London Open,
  • Buy Zone Fibs;
  • Sell Zone Fibs.
  • FX Fisher mod indicator (10 period set signal true);
  • FX Fischer mod indicator (25 period set signal true).

Rules for this Strategy:

The box start at 2:00 GMT and the end is 7:45 GMT. Because the candle at 8:00 GMT ( London Open) must be the first candle outside the red box.

Buy Entry:

  • The Price must be above the blue line Buy Zone Fibs.
  • FX Fisher mod indicator (10 period ) is green
  • FX Fischer mod indicator (25 period ) is green.
  • Place a pending order +2 pips above the Breakout Box 4 London Open.

Sell Entry:

  • The Price must be below the red line Sell Zone Fibs.
  • FX Fisher mod indicator (10 period ) is red
  • FX Fischer mod indicator (25 period ) is red.
  • Place a pending order +2 pips below the Breakout Box 4 London Open

Exit Strategy:

  • Target profit must be 20-25 pips.
  • Set initial stop-loss at 20 pips. you can move SL to break even when you gained 12-15 pips.
  • Trail stop is another good idea to exit. trail it about 25 pips and a close position at end of Day or with a profit target of 40-50 pips.

How to install London Open Forex Breakout Strategy?


  • Download London Open Forex Breakout Strategy.zip
  • Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
  • Copy tpl file (Template) to your Metatrader Directory / templates /
  • Start or restart your Metatrader Client
  • Select Chart and Timeframe where you want to test your forex strategy
  • Right click on your trading chart and hover on “Template”
  • Move right to select London Open Forex Breakout Strategy
  • You will see London Open Forex Breakout Strategy is available on your Chart

Click here below to download:

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