Every trader wants to get a profitable life with the help of different expert advisors, indicators, and forex trading strategies. Today, we are going to discuss the best trading strategy in the forex market and the trading strategy is the London Breakout Trading strategy. It is one of the most effective strategies and it is a precise strategy for the forex trading system. It is one of the most profitable trading strategies and it is very useful. It is the best trading strategy to be used in the Forex trading strategy.
EXPLANATION LONDON BREAKOUT TRADING STRATEGY:-: –
London breakout trading strategy is a forex trading strategy used to detect the price breakouts in London time sessions. There are three different trading time sessions in the Forex trading system, they are London time sessions, European time session, and New York time sessions. This strategy helps the traders to use it as they want; it enables the users to use this according to your need. It is used to detect the increasing volatility in the market trend. The London Breakout Trading Strategy depends on two main ideas that are given below:
- The main focus of this trading strategy is buying and sells entries in the London Trading session and Forex Trading Market.
- The second and most important concept of this indicator is to measure the increasing volatility in the market trend that occurs when there is a start of this session in the Forex market because many traders trade in this time session.
London Breakout Trading Strategy also helps the traders to find out the best market trends that help the traders to detect increasing volatility in the market trend.It is used to get profitable trade with different strategies. It is one of the most useful strategies in the forex trading system.
London Breakout Trading Strategy helps the traders to notice the sudden movements in the trading volume in the forex trading system. It helps the traders to put avery small amount on risk with the help of this trading strategy.The maximum amount that you have invested in the forex trading system is 1% or 2%. It helps the traders to get a profitable trade. This strategy also has a specific setup for buy and sells strategies which are given below: –
BUY SETUP: –
In the London Breakout trading strategy place the buy setup when the blue line or the signals which are indicating buy strategy is above the 1 or 2 pips of the horizontal line in the indicator chart of the Forex trading system.
SELL SETUP: –
In the London Breakout trading strategy place the sell setup when the red line or the signals which are indicating sell strategy is below the 1 or 2 pips of the horizontal line in the indicator chart of the Forex trading system.
London breakout strategy can also be used with different time sessions. For example, this strategy can be used in the European time session but it is more applicable in the London time session, which means it gives more profitable trade in the London time session than any other time session. It is one of the biggest trading strategies to be used in the forex trading system. It can be used as default and it can also be used as filters setting.
Filters settings mean that you can set this strategy according to your need, you can set the setting as a time to be set as 10 minutes, candlestick patterns, time session, and buy and sell signals. To properly utilize this way of getting things done on the side of yourself, you will require the critical capacity to draw level lines and a few hours of accessible time during the London meeting.
If you are an employee in any company and you cannot trade at the London trading session and did not get a profitable trade then this trading strategy is the best strategy to be used for help in your trade because it works as expert advisors mean it is an automatic trading strategy.
London Breakout Trading Strategy uses its indicators as collaborative tools. The indicator of this strategy uses different parameters that help this strategy to make precise calculations. It uses different parameters that help the traders to overcome the chances of the risks. It can stop loss and take profit if there are more chances of the risks in the trade, but this advisor gives maximum protection form any loss in the trade.
CURRENCY PAIRS FOR LONDON BREAKOUT TRADING STRATEGY: –
The London breakout trading strategy uses all the currency pairs but the best and profitable currency pairs to be traded with London breakout trading strategy are GBP and EURO. Mostly, traders use this currency pair to trade in this time session because this currency pair is the most profitable currency pair and traders used to trade this currency pair more in this time session.
CURRENCY PAIRS THAT ARE NOT PROFITABLE IN LONDON BREAKOUT TRADING STRATEGY: –
In every trading strategy,some currency pairs are not profitable. Similarly, in this strategy,some currency pairs are not profitable. These currency pairs are CAD, JPY, AUD, and NZD. It does not mean that these currency pairs are also not profitable in any other time session but these currency pairs are profitable in Asian time sessions.
BEST TIME FRAME FOR LONDON BREAKOUT TRADING STRATEGY: –
The London breakout trading strategy can trade with all the time frame but the best time frame for this strategy is 30 Seconds, 1 minute, 2 minutes, 5 minutes, and 15 minutes. It means that it is the best trading strategy for short term traders.
London Trading Strategy has many uses, some are given here. This strategy is used to trade in only the London trading session.it helps the traders to make a profitable life by utilizing this strategy. It has its indicators and expert advisors that help this strategy to make a precise and profitable trade.
It is one of the best strategies.It focuses on two main concepts that help the traders in their precise calculation.It gives more profitable trade with the help of GBP and Euro currency pair. It is the most profitable currency pair in the Forex trading system. It also helps the traders to detect the market trends.
Uses of London breakout trading strategy:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: London breakout trading strategy
Recommended broker: All trusted brokers
Remember, Before use London breakout trading strategy you can test on Demo account. When you will expert then you will use in Real account of trading.