Forex-3-Tier-London-Breakout-Indicator
Watch the testing video here:
London Breakout Metatrader 4 Forex Indicator
The London Breakout Metatrader 4 indicator is an amazing forex indicator designed to trade London session breakouts.
The indicator comes with entry levels for both buy and sell trades accompanied with 5 take profit levels.
How it works?
The light brown area of the chart represents the buy entry and sell entry trading zone.
This area also displays the entry buy and entry sell prices.
One would open a buy trade when price reaches the buy entry price and conversely, open a sell trade when price reaches the sell entry price.
Take profits can be taken at buy /sell target level 1 up to level 5.
It is recommended to take part of the profit at target 1 and trail the stop-loss for the remaining part of the open position.
The default London Breakout forex indicator settings can be modified directly from the indicator’s inputs tab.
Example Chart
The EUR/USD H1 chart below displays the London Breakout Metatrader 4 system indicator in action.
