London Trader

London Trader EA uses a breakout strategy that can be set to London Session, Tokyo Session, New York Session and Sydney Session.

Recommendations

• Time frame: H1
• Pairs: EURJPY, EURCAD, EURAUD, CADCHF, USDCHF and other pairs can be used.
• Minimum Leverage: 1:100.

Benefit

• No martingale or No grid.
• Can be optimised to any markets time Session.
• Equity protection by Stop Loss application.
• EA has a safe mode option.
• Multicurrency EA.

Input parameters

• London Trade Time Start: London session opening time (Broker server time).
• Optional Trading Times: Enable/Disable: If enabled then "London Trade Time Start" becomes disabled. only then you can use optional trading times start and end. If disabled then "London Trade Time Start" becomes enabled.
• Optional Trading Times Start: only when optional trading times is enable you can set new time to start trading.
• Optional Trading Times End: only when optional trading times is enable you can set new time to end trading.
• Allowed Spread: Maximum spread allowed (Points).
• Allowed Slippage: Maximum slippage allowed (Points).
• Set Risk by: Set trade risk type.
• Risk: Amount risk
• Take Profit: Take profit (Points).
• Stop Loss: Stop loss (Points).
• Magic Number: Magic number.
• Bandwidth Filter Max: Maximum filter bandwidth (Points).
• Bandwidth Filter Min: Minimum filter bandwidth (Points).
• Bandwidth Break: This is the point which a trade is entered when the trading bandwidth limits break (Points).
• Safe mode: Enable/Disable recovering loss-making orders.
• Safe mode percentage When safe mode is enabled only, an order is at loss, the percentage of the stop loss which to start an overlapping order to break even/in profit at stop loss (stop loss of the initial trade). However the initial trade take profit equivalent pips becomes the distance to stop loss for the overlapping trade.
• Safe mode Stop Loss: Stop Loss for overlapping trade (Points).
• Monday Trade Filter: Type of trade for Monday.
• Tuesday Trade Filter: Type of trade for Tuesday.
• Wednesday Trade Filter: Type of trade for Wednesday.
• Thursday Trade Filter: Type of trade for Thursday.
• Friday Trade Filter: Type of trade for Friday.