London Breakout Indicator & Strategy

London Breakout Indicator & Strategy

London Breakout Indicator Strategy
Signals from the London Forex Rush MT4 forex indicator are easy to interpret and go as follows:

Open your charts a little before the London market opens at 3:00 am EST. Make sure the six GBP crosses(GBPUSD, GBPJPY, GBPCAD, GBPAUD, GBPCHF, and GBPNZD ) are set to the H1 time frame and everything working fine.
Edit Tokyo start/end and London start time according to your broker time
At 3:01 am EST, right as the London market opens, the indicator will come alive. It will call one of three things: a “Long Trade” opportunity, a “Short Trade” opportunity, or a “No Trade”. If there is a trading opportunity, it will also point out the entry point, stop loss, profit target, and lot size levels.
Before taking a trade, check the Market Trend indicator to verify whether the chart is up trending (green color), down trending (red color), or not trending at all (grey color).
If the indicator calls a trading opportunity, we will only take that trade if two conditions are met,
If the breakout takes place before the countdown expires
If the breakout occurs in the direction of the Market Trend indicator. If both these conditions are not met, will pass on the signal given by the London Forex Rush indicator.
Finally, If we do make a trade, we will exit it as soon as either the stop loss or the profit target level is hit. Again, I recommend using the aggressive stop loss and the conservative profit target, but that choice is up to you.