London Breakout Forex Strategy

London Breakout Forex Strategy

Free Breakout Forex Strategy , break of the 7 am candle free forex system.profitable forex trading strategy. it's easy forex strategy.

Preferred pairs :  EUR/USD .
Preferred time frame : 1H chart.

• Strategy Setup :

There is no need to use any Indicators in this strategy , it's simple forex strategy.
Open clean chart , and indicate the 7 GMT Candle .
Draw Horizontal lines on the high and low of the candle.

• Buying And Selling Rules :

Buy ↓

Place a buy stop order above the high of the 7am candle with 10 pips, For example if the high is 1.4720 , place the order at price 1.4730.

Sell ↓

Place a sell stop order below the low of the 7am candle with 10 pips, For example if the low is 1.4690 , place the order at price 1.4680.

London Breakout Forex Strategy

• Take Profit And Stop Loss Rules :

Take profit : take profit should be 20 to 30 pips , you can also use trailing stop to maximize your profits.
Stop loss : 20 pips.

• Special Notes:

-This is Breakout Forex Strategy.
-Don't use the strategy on other pairs , only EUR/USD.

Please feel free to share your opinion and experience which can help others to understand the strategy.