Forex London Breakout Trading Strategy (How To Profit From False Breakouts)

Hi everyone! Welcome to my video, where I will show you how I trade this Forex Strategy. All the rules are down below!

Disclaimer - Never use a strategy just because you've seen it on Youtube, backtest it first, then demo trade it for at least 1 month and see how it goes for you.

Rules Of The London Breakout Trading Strategy:
1 - On the 15 minute timeframe, draw a rectangle between 00:00 to 6:45am UTC time, from the low to the high of this range.
2 - Wait for price to close either below or above.
3 - If price closed above the range, place two buy orders, both with a stop-loss in the middle or the otherside of the range, and one of the orders with a take profit of 20 pips. When price hits your take profit, set your stop loss on the second trade to breakeven, and ride the breakout.
4 - If price closed below the range, place two sell orders, both with a stop-loss in the middle or the otherside of the range, and one of the orders with a take profit of 20 pips. When price hits your take profit, set your stop loss on the second trade to breakeven, and ride the breakout.
5 - If price hits your breakeven stop loss and closes back on the rectangle, place an order on the other direction of the original false breakout, and trail stop each 20 pips again.

Best Pairs To Trade This Strategy:
GBPUSD
GBPJPY
EURGBP

If you want to understand this strategy more, or have any doubts about it, please leave a comment and I will try my best to help you.

Видео Forex London Breakout Trading Strategy (How To Profit From False Breakouts) канала Vanguard Trading FX