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London DayBreak Strategy – A Powerful Day Trade Scalping Strategy

London DayBreak Strategy - Simple Trading Strategy that Works

The London DayBreak Strategy is indeed a powerful Day Trade strategy where we use the London open trading range to calculate our possible Trade setups and utilize the directional volatility of the London Session to our advantage.

Since, this strategy is time bound you as a trader aren’t supposed to be glued to your forex charts all day long. Once, you have setup the trades for the day you will be free for the entire day and you can choose to pursue any other activity linked to Forex or entirely something else. This strategy relies on the premise of powerful directional momentum ( Bullish or Bearish) following the Breakout of the Opening London Range. If the breakout is strong it is very likely to continue in the same direction for the entire duration of the London Session. This is what makes this London DayBreak Strategy such a charmer for Forex Traders all around the globe.

Currency Pairs: GBP/USD and EUR/USD. Can work on other pairs as well.
Time Frame: 15 Minutes;
Indicators: MACD (12,26,9) & London Opening Range Indicator

London DayBreak Strategy Rules

Opening Range Trading Range Time: 0:06 GMT to 8:00GMT

At 8:00 GMT we will mark the High and Low of the Opening Range ( as already marked on the hart by the London Opening Range Indicator


First, You will also need to find out the nature of MACD before 6:00 GMT

MACD > 0 or MACD < 0. If before 6:00 GMT MACD was ABOVE Zero or BELOW Zero.

15 Min London DayBreak Strategy Buy Entry Rules:

If Before 6:00 GMT MACD was BELOW Zero and after 8:00 GMT MACD crosses ABOVE Zero we will Place a Buy Pending Order at the Range High if the cross is BELOW the High of Opening Range. If this cross happens ABOVE the High of the Range after 8:00 GMT ( or has already happened before 8:00 GMT) then we will need to open Buy Market Order but only if it satisfies the condition as mentioned below.

We will need to work out the Size of the Opening Range (High Of The Range – The Low Of The Range) in Pips. For a Buy trade (to be triggered ) this MACD cross should happen within 1 times the size of this Range ABOVE the High Of The Range. If the MACD cross satisfies this condition then only we need to initiate a Buy Market Order. Otherwise, we will pass on the trigger for trade as INVALID.

Setting Take Profit

Set Take Profit at 2 times the size of the Box (Opening Range Size)

Setting Stop Loss For London Breakout Strategy

Set Stop Loss to 1 time the size of the Box (Opening Range Size)

15 Min London DayBreak Strategy Sell Entry Rules:

If Before 6:00 GMT MACD was ABOVE Zero and after 8:00 GMT MACD crosses BELOW Zero we will Place a Sell Pending Order at the Range Low if the cross is over the Low of Opening Range. If this cross happens BELOW the Low of the Range after 8:00 GMT ( or has already happened before 8:00 GMT) then we will need to open Sell Market Order but only if it satisfies the condition as mentioned below.

We will need to work out the Size of the Opening Range (High Of The Range – The Low Of The Range) in Pips. For a Sell trade (to be triggered ) this MACD cross should happen within 1 times the size of this Range BELOW the Low Of The Range. If the MACD cross satisfies this condition then only we need to initiate a Sell Market Order. Otherwise, we will pass on the trigger for trade as INVALID.

How To Trade The London Breakout Forex Trading Strategy

Setting Take Profit for London DayBreak Strategy

Set Take Profit at 2 times the size of the Box (Opening Range Size)

Setting Stop Loss

Set Stop Loss to 1 time the size of the Box (Opening Range Size)

All the above trades should be opened before 6 PM GMT. If orders don’t get triggered by that time then no orders should be placed or taken till the next session.

Download London Open Range Indicator For London DayBreak Strategy for Free Here.

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