54# London Open Box Breakout 4 Trading System

Box Breakout Forex Trading System

Submit By BonnieII 09/07/2013

Time Frame 15 min or 30 min.

Currency pairs:EUR/USD, GBP/USD, AUD/USD

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: London Open Box Breakout Trading System

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 Conditions:

The Price is above the blue line Buy Zone Fibs;

FX Fischer mod indicator (25 period ) is green.

Place a pending order +2 pips above the Breakout Box 4 London Open.

Sell Conditions:

The Price is 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 in a breakout intraday system is the most important aspect.

Target profit is 20-25 pips. Place Initial Stop loss 20 pips, but when you have 12-15 pips in profit move stop loss to breakeven.
After open position Insert a Trailng Stop of 25 pips and close the position at end of Day or with a profit target of 40-50 pips.

This Trading System is also good for trading with Binary Options Strategies.