London Breakout PRO

London Breakout PRO for EURUSD

Short Description / Slogan:

A fully automated and intelligent Expert Advisor that capitalizes on the high-probability breakout of the London session, enhanced with multiple advanced filters for superior entry selection.

Full Product Description:

Overview

The London Breakout PRO is a professional-grade trading robot designed and optimized specifically for the EURUSD currency pair. The core of its strategy is based on a classic, time-tested market phenomenon: the increase in volatility and volume when the London session opens, often causing a strong breakout from the consolidated range formed during the quieter Asian session.

However, unlike simple breakout EAs, the London Breakout PRO does not trade blindly. It employs a sophisticated, multi-layered filtering system to analyze market conditions and trade only when the probability of success is highest. This intelligent approach was developed to maximize profitability while maintaining strict risk control.

Strategy & Key Features

Our development process was iterative and data-driven, resulting in a robust EA with the following intelligent features:

• Advanced Trend Filter: The EA uses a higher-timeframe Moving Average (EMA on H1) to determine the dominant daily trend. It will only place breakout orders that align with this trend (e.g., only Buy orders in a bullish market), dramatically increasing the win rate of the breakout signals.

• Dynamic Volatility Filter: The strategy thrives on breaking out of a quiet morning range. This filter measures the size of the Asian session range and will automatically skip trading on days that are already too volatile or choppy, preserving capital by avoiding low-probability setups.

• Customizable Day of the Week Filter: Backtesting has shown that certain days of the week are more profitable than others. This EA allows you to easily enable or disable trading for each specific day, allowing you to adapt to long-term market patterns.

• Professional Risk Management: The EA features built-in dynamic lot sizing. It automatically calculates the correct lot size for each trade based on a percentage of your account equity that you define. This ensures that risk is always under control and allows for automated compounding of profits.

How It Works

1. Range Definition: The EA identifies the highest high and lowest low during the specified Asian session hours.

2. Filter Analysis: At the London open, it checks all active filters: Is the trade aligned with the H1 trend? Is the morning range size acceptable? Is it a tradable day?

3. Order Placement: If all conditions are met, it places a single pending order (Buy Stop or Sell Stop) outside the range, positioned to catch the breakout.

4. Trade Management: Once an order is triggered, it is protected by a predefined Stop Loss and Take Profit. If no order is triggered within a specific time window, the pending order is automatically cancelled.

Recommendations

• Currency Pair: EURUSD

• Timeframe: M15 (The logic is not timeframe-dependent, but M15 is ideal for visualization).

• Broker: An ECN broker with low spreads and fast execution is highly recommended.

• VPS: For best performance, the EA should run 24/7 on a Virtual Private Server (VPS).

• Minimum Deposit: $100.

Input Parameters (The User Manual)

• Time Settings

  • RangeStartTime : The start time to begin defining the Asian range (server time).

  • RangeEndTime : The end time of the range and the time when pending orders are placed.

  • OrdersDeleteTime : Time to automatically delete the pending order if it has not been triggered.

• Trading Parameters

  • StopLossPoints : Stop Loss distance in POINTS.

  • TakeProfitPoints : Take Profit distance in POINTS.

  • OffsetPoints : The distance in POINTS above/below the range to place the pending order.

  • MagicNumber : A unique ID for the EA's orders.

• Risk Management

  • RiskPercent : The percentage of account equity to risk per trade. Set to 0 to use FixedLotSize . A value of 1.0-2.0 is recommended.

  • FixedLotSize : The fixed lot size to use if RiskPercent is set to 0.

• Entry Filters

  • MaxRangePoints : The maximum size of the morning range in POINTS. If the range is larger, no trades will be placed that day. Set to 0 to disable.

  • TradeOnMonday / Tuesday / Wednesday / Thursday / Friday : Set to true or false to enable/disable trading on specific days of the week.

  • UseTrendFilter : true enables the H1 EMA trend filter; false disables it.

  • Trend_MA_Period : The period for the trend-following Moving Average.

Disclaimer: Past performance is not a guarantee of future results. Please perform your own backtests and run the EA on a demo account for a few weeks before using it on a live account. Trading Forex involves significant risk.