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12/52
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Introducion
In continuation of previous article, I will now introduce some minor updates and the possibility to back-test the strategy to clearly understand its beahvior: far better than any image or personal comment.
The idea and strategy concept are not intended to be used in full automatic mode, but as additional tool for daily trading and position entries.
Updates on "iLondon"
As always happen everytime I use something I tend to modify it in the attempt to improve. Let's start from the setup parameters window:
As you can see it's more clean and straight forward.
Updates done:
  1. The box is just 1 fixed color.
  2. No more breakout alerts. (eventually can be re-implemented).
Basically the code now will simply draw the box in all instrument charts, then can be stopped.
DOWNLOAD HERE .ZIP FILE

Updates on "iLondon_Widget"

Here's the setup window updated and widget appearance:
[list=1][/list]…
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s_amira avatar
s_amira 21 June

It is very interesting article! Good job!

scramble avatar
scramble 22 June

Thanks :)

Olkiss70 avatar
Olkiss70 25 June

very nice

Natalia_Kisenko avatar

good article!

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5/52
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Introduction
This article is about the automated drawing of the pre -London session box in charts, and a quick representation of a trading strategy. I guess it will be useful to many people since this is one of the oldest tools you can find in forex trading, but still valid and still profitable (with the correct setups), and for some strange reasons is not yet coded for JForex! Or eventually done but not published. Or maybe it's me who is unable to find it... Anyway here it is: Cooked and free download! I hope you enjoy and please, don't forget to like it!
The Concept
The first step is to identify the area where market was trading before the London session opening, which comes at 8:00AM London Time. In the following 30min GPB/USD chart, I simply drawn 2 lines where London session starts, and the pre-session range time. As seen, since London starts (in this case) at 7:00 broker time, we are interested in the area starting with the candle right after the 02:30AM until the 06:30AM one. To avoid confusions, remember the 06:30 candle is completed with the last tick 06:59:59 so it's still pre-session price until the first tick coming starting from 07:00:00.
The second step is to ident…
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tdbatinkov avatar
tdbatinkov 22 June

Yes, London Open Breakout Strategy is great oportunity to catch some pips in the day

scramble avatar
scramble 22 June

yes tdbatinkov definetly agree on that!

Olkiss70 avatar
Olkiss70 25 June

very useful article. thanks!

fso56 avatar
fso56 4 Jan.

I need auto indicator? Do you have?

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