Open Market Breakout

Open Market Breakout EA

This EA is designed to achieve high profits robustly and consistently. You can use it on your accounts or funded accounts. It is focused on maximizing profits within low drawdown values ​​to keep your account safe and to be able to meet the prop firms' evaluations.

London Breakout Strategy

The London Breakout strategy is a popular trading approach used in the forex market, designed to capitalize on the increased volatility and liquidity that often occurs at the start of the London trading session. The strategy is based on the premise that the opening of the London market (which overlaps with the end of the Asian session) often sets the tone for the day's trading.

Recommended: Trade on USD/JPY M5

Parameters

    START_HOUR: Define the start of the range in hours.

       END_HOUR: Define the end of the range in hours.

CLOSING_HOUR: The hour of the day to close open positions and pending orders.

                LOTS: The lots per trade.

        SL_POINTS: Stop Loss in points.

       TP_POINTS: Take Profit in points.

      TRAIL_STOP: To use or not a trailing stop.

              MAGIC: To set a magic number to your trades.

Recommended Params

    START_HOUR = 1

       END_HOUR = 7

CLOSING_HOUR = 22

               LOTS  = 0.01 (For $100 accounts)

       SL_POINTS  = 100 (100 points or 10 pips)

      TP_POINTS  = 200 (200 points or 20 pips)

     TRAIL_STOP  = true

             MAGIC  = 61 for good profits :) 

 

The backtesting shown in the images was done with Tick Data Suite high quality data.

Disclaimer: The trading strategy presented here has shown positive results in past performance; however, past performance is not indicative of future results. Trading involves significant risk, and there is no guarantee that this strategy will yield profits or avoid losses in the future. All investments and trading decisions should be made with careful consideration of your financial situation, objectives, and risk tolerance. You are solely responsible for any trading actions and outcomes. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.