Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal


VFX London Breakout - expert for MetaTrader 4

| English Español Português 日本語 Deutsch

votes: 46
2017.01.25 09:12

System of automatic trading during the London Session which uses a strategy to identify a valid trading range in the intraday timeframes and awaits the breakout to open position.

Trading Strategy

This multicurrency Expert Advisor performs better on the EURUSD, GBPUSD, EURJPY, GBPJPY, EURAUD, CADCHF, USDCHF, USDCAD, EURCAD and USDJPY pairs. The EA settings files (*.set) for each pair are attached.

After identifying a valid trading range, the EA waits to open position at the breakout of that range. It is already optimized to identify the best opportunities in the appropriate intraday timeframes, that is, the user can attach it to the chart of the symbol that wants to trade in any timeframe and will have the same results.

The trading robot is highly reliable and has been developed considering trading on a real account. The money management system allows the users to define exactly how much they want to risk in each operation. Each open position is protected by stop orders (Stop Loss and Take Profit). During testing, the relationship between risk and return was defined as 1:2 (the projected return is double the risk) and the average rate of operations with profit was over 40%. That is, considering the risk of 2% of the account balance, every 5 open positions, on average, it lost 3 (-6%) and won 2 (+8%), making a profit of 2%.

Spread: During testing, the spread of 15 points was used. Too high spreads can compromise the efficiency of the strategy.

Risk: Higher risk can enhance profits, but also entails higher drawdowns. Users with the most conservative profile can prefer to work with the risk of 1% or less.

Input Parameters

  • London Opening Time (hh:mm 24h): London session opening time (server time) in hh:mm (24h) format;
  • Positions On (Weekday): positions type that can be opened on each weekday;
  • Set Positions Risk By: how the positions risk will be informed: Percentage (account balance), Amount or Fixed Lot;
  • Positions Risk: positions risk;
  • Stop Loss (Points): Stop Loss level, in points;
  • Take Profit (Points): Take Profit level, in points;
  • Maximum Trading Range (Points): maximum price variation of the trading range, in points;
  • Minimum Trading Range (Points): minimum price variation of the trading range, in points;
  • Break Of Trading Range (Points): opening level of positions after the trading range limits, in points;
  • Maximum Spread (Points): maximum spread, in points (zero value means that it will not be configured);
  • Maximum Price Slippage (Points): maximum price slippage for opening positions, in points;
  • Magic Number: identification number of positions opened by trading robot.

Testing Results

Tests were performed in the period from January 1, 2010 to December 1, 2016 (83 months) considering initial deposit of $1000.00.

Inputs: The EA settings files (*.set) for each pair are attached.

See the screenshots below.

Normalized Price Indicator Normalized Price Indicator

By using this indicator you can see the normalized price of any chart!

Price Quote Price Quote

Displays current bid price and % change of (open price of) current bar or X previous bars, also High, Low, and range.

VFX New Order VFX New Order

Open positions in MT4 with absolute control of the risk / reward ratio, automatically calculating the lot size.

OpenOrder (With Risk Management, TP and SL) OpenOrder (With Risk Management, TP and SL)

OpenOrder script allows you to open an order defining the % of balance to risk, the Stop Loss distance in pips and the Take Profit distance in pips and a magic number.