London Box is a fully automated Expert Advisor, which Opens Trend Orders in London Time.
London Trading Season has big impact on trend of major currencies. Main trends tend to begin in high volatility hours. In my 12 years experience on FX markets, I have seen it hundreds of times. This system has so basic entry and exit rules, because I believe that simple systems work better than complex systems.
London Box helps you on trading in high volatility hours. It focuses only small and steady performance. The most valuable task of this EA is to try to keep you in the trend of high volatility. You may see its performance on screenshots below, please download it and test it yourself.
This expert advisor does not use martingale of grid system. It uses fixed stoploss for every position.
General Strategy Definition
- It opens new trades between London Markets Opening Time and New York Markets Closing Time. (Blue colors on chart)
- Every day, first order is opened on begining of the London Markets Opening Time. Its direction depends on daily trend.
- Then it searches for intraday trend. If there is a strong intraday trend, it closes or modifies first order. If first order is closed, the it opens second order based on intraday trend. It opens maximum 2 orders in a day.
- Broker: All brokers are fine. (Prefered: ECN/STP Brokers, low spread & low commision)
- Leverage: All leverages are fine
- MetaTrader5 Account Type: HEDGING Account is a must
- Deposit: 1000 $
- Lot Calculation: Auto
- Symbol: EURUSD, GBPUSD, USDJPY
- TimeFrame: M15
Winter TimeZone & Daylight Saving Time(DST)
- It is important to set right TimeZone and Daylight Saving Time to your broker time.
- You need to know your Broker's Winter GMT Offset and Daylight Saving Time active or not.
- If you are not sure about this settings please ask to your brokerage firm.
My other products are here -----> https://www.mql5.com/en/users/ozkankara27/seller#products
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- Lot Calculation: Auto / Fixed (Default: Auto)
- Reserved Margin: It is active when Auto is selected for Lot Calculation. It shows Percentage of Free Margin which is used for this EA and this instrument. This value must be between 1-100. (Default: 100)
- Fixed Lot: It is active when Fixed is selected for Lot Calculation. (Default: 0.01)
- Broker GMT in Winter: Your broker's timezone in winter (Default +2)
- Broker DayLightSavingTime Adjust: If your broker's time is observed DST, choose true.
! IMPORTANT TO SET THESE PARAMETERS * Broker GMT in Winter * Broker DayLightSavingTime Adjust
- Direction Permission: Open Only Buy / Only Sell / All (Default: All)
- Spread Protection: On / Off . (Default: On). It checks spread is normal or not.
- Max Slippage (Points): Maximum deviation from quoted price (It is just for instant execution type brokers)
- Magic Number: Magic number for this expert's orders
- Comment: You may add a comment to your trades
- Push Notification: Set "On" to receive mobile notifications
- Pop-Up: Set "On" to receive pop-up notifications
- Play Sound: Set "On" to receive an audible notification
- Sound File: Choose your favorite alert sound
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