About the VFX London Breakout Expert Advisor
The VFX London Breakout Metatrader 4 Forex robot is an algorithmic trader that automatically enters breakout trades during the London session.
It’s an EA that spots a valid trading range during the London session and then waits for a bullish/bearish breakout to happen before initiating a trade.
The VFX London Breakout EA is already optimized to identify the finest breakout trading opportunities.
This EA has a rich money management system that allows traders to stipulate precisely how much they want to risk in each trade.
We encourage you to risk just around 2% or less of your equity, so you can try out what suits your trading personality.
Free Download
Download the “VFX_London_Breakout.mq4” MT4 robot
Key Features
Breakout Strategy
The EA is programmed to identify breakouts occurring during the London trading session, targeting potential price movements resulting from increased market activity.
Risk Management
Incorporates risk management tools to help protect capital and minimize losses, such as stop-loss orders and position sizing parameters.
Backtesting
Users can backtest the EA on historical data to assess its performance under various market conditions, providing insights into its potential profitability and risk-adjusted returns.
Multi-Currency Support
Supports trading across multiple currency pairs, allowing users to diversify their trading portfolios and capitalize on opportunities in different markets.
Strategy Tester Report
Find below the VFX London Breakout forex robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
Overall Performance
The EA made a total profit of $25342.66 from a total of 590 trades.
The largest winning trade generated $1014.00 in profits, while the largest losing trade generated a loss of $519.00.
Statistics:
Bars in test: 43761 ticks modelled
Initial deposit: $1000.00
Total net profit: $25342.66
Total trades: 590
Largest profit trade: $1014.00
Largest loss trade: -$519.00
Consecutive wins: 2
Consecutive losses: 2
How the EA Works
- Monitors price ranges during the Asian session to define breakout levels.
- Initiates trades when price breaks above or below the defined range during the London session.
- Applies stop-loss and take-profit levels based on user-defined parameters.
- Manages open positions with trailing stops to lock in profits.
- Allows configuration of trade size, risk thresholds, and trading hours.
Download Now
Download the “VFX_London_Breakout.ex4” Metatrader 4 robot
Parameters & Settings
- Breakout Range Period (in minutes)
- Stop-Loss and Take-Profit Levels (in pips)
- Trailing Stop Distance (in pips)
- Risk Percentage per Trade
- Lot Size (fixed or dynamic based on risk)
- Trading Hours (start and end times in GMT)
- Slippage Tolerance (in pips)
Recommended Trading Setup
- Use a demo account to test the EA before live trading.
- Start with a low risk percentage (e.g., 0.5%) to assess performance.
- Trade during the London session (08:00 to 16:00 GMT) for optimal results.
- Monitor the EA’s performance and adjust settings as needed.
- Ensure your broker offers low spreads and fast execution times.
FAQ
Can the EA trade on any timeframe?
Yes, the EA can be applied to any timeframe, but it is optimized for the H4 timeframe during the London session.
Does the EA require constant monitoring?
While the EA operates autonomously, it is recommended to monitor its performance periodically to ensure optimal settings.
Can I use the EA on multiple currency pairs?
Yes, the EA supports multiple currency pairs. However, it is advisable to start with one pair and expand as you gain confidence.
Is the EA compatible with all brokers?
The EA is compatible with most brokers offering MT4. Ensure your broker supports the required trading conditions.
How do I install the EA?
Place the EA file in the ‘Experts’ folder of your MT4 platform, restart MT4, and attach the EA to a chart.
Summary
The VFX London Breakout EA offers traders a powerful tool for capitalizing on the volatility of the London trading session.
The EA provides a comprehensive solution for traders seeking to exploit breakout opportunities in the forex market.
However, as with any trading strategy or tool, users should conduct thorough testing and exercise caution to mitigate risks and optimize performance.
