In today’s video, we go over a simple London breakout trading strategy that can be used to trade different forex pairs. We have previously backtested a London breakout strategy in the past 100 times. The results were outstanding and we have been receiving many requests to review an indicator that is built according to a simple London breakout trading strategy.
What if we enter the market when the price breaks the Asian session’s highest and lowest price levels? or in another word, what if we backtest the London breakout trading strategy 100 times using an indicator?
Do you think it’s a profitable strategy? should we trade the London session according to the price-performance during the Asian market? Well, let’s review this strategy and backtest it together to find out?
A few days back we received an interesting trading strategy from Alex Olson who’s one of our subscribers. It’s not very different from the London breakout trading strategy that we backtested last time and traded in live market conditions.
What I admire in this strategy is the fact that it’s is based on a well-built indicator. I have never tested a London breakout strategy using an expert advisor or a technical indicator. So this is a great chance to do so.
As usual, we will review the strategy and see some examples from the chart. Once done, we will begin backtesting the strategy with the help of a trading indicator that Alex has sent us. I will leave a link in the description box if you are interested in downloading it.
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With that being said, let’s get into it.
This strategy relies on the performance of the price during the Asian session. In simple terms, the London breakout strategy is a day trading method that seeks to take advantage of the trading range prior to the London opening session.
London breakout trading strategies are popular among traders these days as it allows them to trade forex or other financial securities according to the performance of the price during the Asian session.
The most basic form of establishing the Asian market range is to use the high and low of the previous trading session. This method takes into consideration the whole price action since the start of the new trading day.
The advantage that comes with this approach is that it will help you better manage your trade and you can have enough time to look at the fundamentals before entering the market.
#London_Breakout_Strategy #Tested
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