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Trading Systems and Strategies
London Forex Open Breakout Forex System - Journal
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[QUOTE="joshhart, post: 22326, member: 11702"] Hi all. A summary of September. Total pips earned across all strategies of the system was 705 pips according to the official results. I only trade the Conservative and False breakout strategies on my own account which brought me in around 500 pips (525 logged on site) - so it seems to me that the results posted on the site continue to be pretty accurate. There was no trade yesterday on the GBPUSD but put an order in this morning to go short as signalled. This has been triggered and the first two profit targets have been reached booking 60 pips profit with the last order now running from break even. Basically the system trades the trend set prior to the Asian range at the London Open. You just set up your orders if you get a signal and all orders that are not triggered are pulled by 10 BST. The system uses a MetaTrader indicator to signal the trades but I have now started placing the actual orders in a spreadbetting account as this allows me to use trailing stops quite easily. So once I have set up the orders I can just walk away and leave the system. Takes only a couple of minutes each day. I might get a wrap on the knuckles if I post the rules of the system here but you can find out more on their site [URL="http://www.londonforexopen.com"]http://www.londonforexopen.com[/URL] [/QUOTE]
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