49# London Breakout III

Submit by Swiss FX 18/02/2013

GMT+0 (London time).

London Session.

Currency pairs: GBP/USD and EUR USD.

Time Frame:H1.

London Breakout III Metatrader Indicators:

ant-GUBreakout (start 00:00 end 7:00);

i-paramon Work Time (start 00:00 end 7:00);

Z-comfx

Entry:
Take the high and low price from between midnight and 07: 00 and then place two pendings orders. One at the high price + 15 pips and one at the low price - 15 pips. Set the pending orders to expire 12:00.

Stoploss:
Stop loss EUR/USD 18 pips, GBP/USD 20 pips

Takeprofit:
trailing stop of 10 pips or profit target 25 pips EUR/USD and 30 pips GBP/USD.