LONDON BREAKOUT EXPERT ADVISOR(EA)
BY FOREX PRICE ACTION EXPERT PAUL LANGHAM
From the desk of Paul Langham
Forex Trader With Over 30 Years Experience In The Banks
Presents his London Breakout Expert Advisor
Please view the video below to discover how you can profit from the London Breakout using an automated trading application(MT4 Expert Advisor)
"Introduction to the London Session Breakout Strategy"
So what is this all about, is it right for me? Please tell me more !
Forex 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 London Session Breakout EA detects the strength of the potential break out and enters the market in the direction of the trend, but only does so when there is sufficent strength to denote that the probabilty points to a winning day.
The London Session Breakout EA follows strict money management rules and stops out as soon as it is clear the trade is more than likely to be a loser. Conversely, 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.
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 hundredfs 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 trhei account via over leveraged automatic trading, it isn't necessary to do. 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.
Features that ensure the EA is solid
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
- Insists on price momentum confirmation before entering a trade
- 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
Frequently Asked Questions
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.
- The EA under a testing period of fifteen years has shown a return of 330% so around during he period with a drawdown of 31% and leverage of around 1 to 10. Reduce the leverage will reduce the drawdown and reduce the profit. I am personally running this EA within a basket of others and looking for a profit of around 5 to 8% per year with a similar level of drawdown.
Examples Of How The London BO EA has Performed in the Past?
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 breakout is so well known it is a great place to start.
What About Brokers Which One Do You Recommend?
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.
How about VPS machines ?
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.
Ready To Get Going?
Please sign up using the button below and I look forward to welcoming you to the world of automated Forex trading
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