(Req) London Forex Open

[daveg1]

Hi

 

Does anyone have this system and could please share?

 

http://www.londonforexopen.com/index.html

 

Many thanks

[mak2009]

Re: (Req) London Forex Open

 

Read good reviews on this one. Although it seems simple london open BO strategy.

[fallingsaints]

Re: (Req) London Forex Open

 

Seems to be similar to London Forex Rush system. I think you can find that here.

[Guest trance]

Re: (Req) London Forex Open

 

http://www.4shared.com/file/236155139/701d97f8/London_Rush.html

[bottomdollar]

Re: (Req) London Forex Open

 

still no sign of this one from anyone?

[jjames]

Re: (Req) London Forex Open

 

I hope someone have this they say it is much better then london forex check here

http://www.systemsfortraders.com/forex-trading-systems/9416-review-london-forex-open-set-time.html 

\m/

[grasolo]

Re: (Req) London Forex Open

 

Stance, the code you share is for London forex rush, which is different from London forex open.

London forex open is more profitable than London forex rush. London forex open is for a longer time fram, daily, and has a good review.

[iltc2001]

Re: (Req) London Forex Open

 

It's being sold here for $65 instead of £139 :D

 

http://downloadshop.biz/london-forex-strategy/prod_235.html

[mindlogicx]

Hi All,

 

Has someone managed to grab London Forex Open ? Kindly update here.

 

Thanks & Regards

[iltc2001]

This is taken from the system for traders forum and based on conservative strategy :

 

02-Nov Short +60

04-Nov Long +120

09-Nov Long +60

13-Nov Long +60

23-Nov Long +120

25-Nov Long -20

 

November Profit = +400

 

01-Dec Long +120

07-Dec Short +120

18-Dec Long -20

 

December Profit = +220

 

05-Jan Short -20

08-Jan Long +60

11-Jan Long +60

14-Jan Short -120

18-Jan Long +60

 

Profit/Loss = +40

 

 

01-Feb Long +120

04-Feb Short +60

11-Feb Short -20

12-Feb Long -120

17-Feb Long -120

18-Feb Short 60

22-Feb Long -120

25-Feb Short 60

 

Profit/Loss = -80

 

9-Mar-10 -20

11-Mar-10 +120

12-Mar-10 +120

15-Mar-10 +120

16-Mar-10 +120

18-Mar-10 -120

19-Mar-10 +120

26-Mar-10 -120

29-Mar-10 +60

 

Profit/Loss = +400

 

Not many trades per month but looks profitable overall.

[suryadi]

breakout system i like:)

kudo for share...

[vladv]

Please somebody share it if it's so profitable!

[yan7181]

isn't this system free at forexfactory forum?

[⭐ fscrp]

There are several versions at FF. This one caught my attention:

 

  Quote

http://www.multiupload.com/0AWX5TZ8ND

 

I think it is supposed to avoid orders if price action is too wide and it will place trades on multiple pairs but you only attach the EA to one chart. I have not done any testing on it.

[iltc2001]

  fscrp said:

There are several versions at FF. This one caught my attention:

 

 

 

I think it is supposed to avoid orders if price action is too wide and it will place trades on multiple pairs but you only attach the EA to one chart. I have not done any testing on it.

 

The London Forex Open requested is not an EA.

 

http://www.londonforexopen.com/index.html

[to_ul]

anyone willing to share?

[paracool]

No one has this manual system? :-(

[meek13]

It's been a while since this request was made and no one has this to share????

[osirisja]

Would be good to see this too. It's a London Breakout strategy. Try looking at the 1 minute system on this Forum:

 

http://indo-investasi.com/showthread.php/4946-(REQ)-1minute-forex-system

 

Similar idea and has some good reviews..

 

Andy

-

[hermanhess]

bumping this one up, the results on the website seem very good

[righvex]

anyone have this?

[m4m3]

.....no....

[vladv]

Why not shared yet!?

[KENG]

I COPY FROM OTHER FORUM:

 

London Breakout 1

 

This London Breakout strategy has a win ratio of over 90%.

 

Currency pair: GBP/USD, EUR/USD - tested. Other pairs may also be used.

 

Time frame: 1 hour

 

Indicators: none

 

At this point it might be an idea to bring up the chart at the bottom of this post and read the strategy whilst looking at the chart.

 

Trading setup:

 

For this Forex system to work properly a trader needs to know the basics of drawing trend lines and be able to identify support and resistance lines.

 

Our working range includes 5 candles: from midnight to 04:00 EST (including the 04:00 candle).

Optional: draw a midnight vertical line for visual aid.

 

With those 5 candles look for valid swing high and swing low of the price.

Draw a downtrend trend line connecting a found swing high to the most recent swing high of the previous days (make sure the last one is a valid high to draw a downtrend trend line through it).

Do the same for a swing low: connect it to the most recent swing low of the previous days, make sure you are putting in the right trend line using the rules of drawing uptrend trend lines.

 

If a trader sees, for example, no swings high in the 5 candle range, that means there will be no downtrend trend lines this morning.

 

The Entry is on the break of either one of the two trend lines and is immediate without waiting for a current candle to close. A protective stop is placed just above/ below the candle that broke the trend line.

 

Profit target:

 

Usually the whole trade will unfold within the next three candles (count in the candle that broke the trend line).

So, after the actual breakout we have 3 hours or 3 candles to trade, after that we will exit the trade with whatever profits are made.

 

Main rule- Using S/R + timing:

 

Profit target is going to be the nearest level of support or resistance according to the S/R lines.

If, however, after only one candle this target is reached, it suggests a very strong market, we would therefore stay in the trade and set our goal for the next support/ resistance level. We would also choose the second S/R level as our profit goal if the first S/R level appears to be close to our entry point.

We have three candles to trade after the breakout, thats why we can trade calmly and allow our goal to shift to the next S/R level.

 

It is at the traders absolute discretion whether to set the target at the nearest S/R level and exit the trade once the target is hit or use 2 or 3 consecutive candles.

 

Another simplified option would be with fixed targets and timing.

 

For example, EUR/USD target = 20 pips - spread. GBP/USD = 40 pips - spread. These are only suggestions. For other currency pairs you will need to back or forward test.

 

Thats it! Properly applied this London breakout strategy is more than 90% effective.

 

Good luck and good trading - Robert.

 

 

http://forums.babypips.com/free-forex-trading-systems/29863-london-breakout-1-a.html

 

 

London Breakout 1

 

This London Breakout strategy has a win ratio of over 90%.

 

Currency pair: GBP/USD, EUR/USD - tested. Other pairs may also be used.

 

Time frame: 1 hour

 

Indicators: none

 

At this point it might be an idea to bring up the chart at the bottom of this post and read the strategy whilst looking at the chart.

 

Trading setup:

 

For this Forex system to work properly a trader needs to know the basics of drawing trend lines and be able to identify support and resistance lines.

 

Our working range includes 5 candles: from midnight to 04:00 EST (including the 04:00 candle).

Optional: draw a midnight vertical line for visual aid.

 

With those 5 candles look for valid swing high and swing low of the price.

Draw a downtrend trend line connecting a found swing high to the most recent swing high of the previous days (make sure the last one is a valid high to draw a downtrend trend line through it).

Do the same for a swing low: connect it to the most recent swing low of the previous days, make sure you are putting in the right trend line using the rules of drawing uptrend trend lines.

 

If a trader sees, for example, no swings high in the 5 candle range, that means there will be no downtrend trend lines this morning.

 

The Entry is on the break of either one of the two trend lines and is immediate without waiting for a current candle to close. A protective stop is placed just above/ below the candle that broke the trend line.

 

Profit target:

 

Usually the whole trade will unfold within the next three candles (count in the candle that broke the trend line).

So, after the actual breakout we have 3 hours or 3 candles to trade, after that we will exit the trade with whatever profits are made.

 

Main rule- Using S/R + timing:

 

Profit target is going to be the nearest level of support or resistance according to the S/R lines.

If, however, after only one candle this target is reached, it suggests a very strong market, we would therefore stay in the trade and set our goal for the next support/ resistance level. We would also choose the second S/R level as our profit goal if the first S/R level appears to be close to our entry point.

We have three candles to trade after the breakout, thats why we can trade calmly and allow our goal to shift to the next S/R level.

 

It is at the traders absolute discretion whether to set the target at the nearest S/R level and exit the trade once the target is hit or use 2 or 3 consecutive candles.

 

Another simplified option would be with fixed targets and timing.

 

For example, EUR/USD target = 20 pips - spread. GBP/USD = 40 pips - spread. These are only suggestions. For other currency pairs you will need to back or forward test.

 

Thats it! Properly applied this London breakout strategy is more than 90% effective.

 

Good luck and good trading - Robert.

[hermanhess]

thanks Keng but the above is not the london forex open system but a breakout system posted for free on the website forex strategies revealed, from their it was copied and posted at babypips

 

It is nowhere as effective as the "london forex open" system