Flip Flop London Session Breakout Expert Advisor
If you have been trading FX for any length of time, you will almost certainly have heard of the London open.
London is the biggest FX market in the world and the objective of this EA is to take advantage of the momentum and volume which enters the market like clockwork from 8AM UK time every working day of the year.
The Flip Flop Breakout EA detects the strength of the potential break out and enters the market in the direction of the trend, it trades unil the day's direction has been established and will always be in any big move should it happen.
The Flip Flop Breakout EA follows strict money management rules and stops out as soon as the direction of the day's trend is changing adn then goes with that new direction
Unashamedly we do not pay SWAP fees, as we close out before the roll over period at the end of the New York Day
Unlike most of the EA's on the market which trade the open London, it holds on to winning trades, looking to snatch every last drop of profit that the market is prepared to give us. There are no pre set take profit points.
If you are new to FX, then please drop me a line for more explanations if you would like to.
Running Expert Advisors For Profit
Most people over egg their expectations when considering automated trading as they look or and expect hundreds of percent profit per year per EA that the run.
Whilst nothing is impossible - especially in FX - the chances of mainiting these types of percentages over the long term are quite slim and attempting to find out if you can do it will normally result in one or more blown accounts.
Nobody should be risking their account via over leveraged automated trading, it isn't necessary to do so. If you follow some simple and logical ideas you will better understand that you have more chance or higher percntage wins by trading multiple EA's for lower percentage gains. That is what automatic FX trading is all about. Using automation to diversify and create a portfolio of winning strategies.
I will be adding several accounts to Myfxbook with slightly different starting dates and slightly different leverage and slightly different combinations of EA's. They will be posted here.
Creating a winning EA is not easy, for every ten EA's that I create around eight of them go straight into the bin.
Below I have listed some of the reasons why this is a solid EA and should continue to prove itself over the long run.
- Runs most days 5 days a week but only when the odds in our favour
- Uses intelligent thinking to avoid days most prone to be whipsaws
- Follows trend following principles, cuts losses short and lets' profits run
- Uses sold breakout tecniques to ensure the best trades are always taken
- Insists on good breakout momentum before entering a trade
- Ensures a good risk to reward ratio by quickly stopping out when proven to be wrong
- Trades the most liquid and heaviliy traded FX pair on the planet EUR/USD
What will I receive if I purchase the London Session Breakout EA?
Incluided in the package you will receive the following items:
- The London Session Breakout Expert Advisor which is suitable for running on your brokers Metatrader platform
- The business descripion document which exaplains how the EA works, the logic behind it and the parameters which must be applied in order to set it up
- A process flow diagram which explains how the EA will react at certain times of the day and process which it will follow during the opening and closing of trades...
What about if I'm new to trading or automated trading?
If you are new to trading this is not an issue, as I will be presenting things in a very easy to understand no-nonense style within my documentation andI am here to help if you ANY questions.
Can I buy with Paypal?
Absolutely, just purchase from this landing page by clicking in the 'Purchase Now' button below.
What are the next steps how can I get going ?
Simply finish reading this page and click the purchase now button, this will take you to the PAYPAL page awhere you can once, once payment is received you will be redirted to the Exact Trading FX London session breakout strategy sign up page which will allow to receive the EA and documentation.
Can you let me see an example of the type of profit it is possible to make with an FX algo?
Yes for sure, just look on this page at some of the examples.
Can anyone become an automated FX trader?
Yes, anyone can learn the skills necessary to set things up the way they need to be, to guarentee sucess. Obviously the EA will do the work, you just need to set up your Metatrader platform correctly and set up the parameters which i will give you correctly.
How much money can you make running algos and building FX trading systems
How much money you bring to the table will dictate how much money you can generate as income. My own strategies look to trade very conservatively. The idea should be to mix and match multiple strategies to create a portfolio. Remember 30% from a handful of strategies combined per year is huge compared to what you can earn on a bank deposit account.
How much money can I make?
How much money you depends on three elements:
- The amount of money you put in your trading account.
- The leverage you apply to your account
- The performance of the EA.
There is a lot to learn about FX automated trading strategies. One of the most over looked is to create a method which provides a curve which is realistic but has faults. A curve where "everyone is at" and which resembles a straight 45 degree line will almost ceratinly fail as the big money will find it. I prefer staying under the radar with wonky looking equity curves which increase nevertheless over time.
I maintain that 5 to 10 percent per year per strategy with a handful of strategies is the right starting point for people who are serious about trading. Contrary to popular belief FX can be profitable but the right sort of strategies have to be applied to it.
The motor can be fine tuned once the comprehension of the markets is there. The possibilities are endless to mix and match types of strategies, pairs and timeframes.
The London session using a method like Flip Flop is a great place to start.
Choosing the right broker can be a minefield for the uniniiated. I have found that true ECN broker IC Markets are about as good as you get when you balance costs against service.
As they are GMT+2 you can set your EA up as I set mine up as I also trade with them.
It is important to get at the front of queue what ever your trade size and whatever your trading strategy. Using a good VPS machine will help you in this respect. Make sure you select the correct machine located right newt to your brokers machine.
CNS can help with this as they are experts in Forex VPS machines.
Be sure to check out their latency chart here.
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