LondonBreakout EA V1.1 MT4 with SetFiles

Description

LondonBreakout EA V1.1 MT4 with SetFiles

1. Overview:

   • The LondonBreakout EA is an adaptation of the widely used breakout strategy.
   • It shows great potential in three major market sessions: Asian (Tokyo), European (London), and North American (New York).
   • You can fine-tune parameters or run it with default values.
   • Both backtesting and live testing have yielded positive results.

2. Trading Sessions and Currency Pairs:

   • The EA is optimized for three overlapping market sessions:
     • New York and London (USDGBP): 8:00 am — 12:00 noon EST (EDT)
     • Sydney and Tokyo (AUDJPY): 7:00 pm — 2:00 am EST (EDT)
     • London and Tokyo (GBPJPY): 3:00 am — 4:00 am EST (EDT)
   • Recommended currency pairs include GBPUSD, AUDJPY, and GBPJPY.

1. Risk Management:

   • Lot sizing is crucial. Default lot size is 0.1 for a £1,000 starting investment (or equivalent in your currency).
   • Implement good risk management by adjusting lot size based on account balance, margin, and drawdown.

2. Additional Features:

   • Martingale option: Can be manually switched on/off for potentially higher risk.
   • Automatic closure of trades by evening (if using Martingale mode) to prevent excessive consecutive losses.

3. Download Links:

   • You can download the EA from our website: https://yoforex.org/product/londonbreakout-ea-v1-1-mt4-with-setfiles/
   • Join our Telegram channel for updates: YoForexRobot

Remember to backtest and adjust parameters based on your risk tolerance and trading preferences. 

😊Happy Trading😊