The London Forex Rush indicator is a complete London breakout forex system that is quite popular among currency traders.
The indicator is based on the previous Tokyo trading range together with a secret trading ingredient.
At the open of the London trading session, the indicator will indicate you whether to go long, short or stay aside.
Moreover, the London Forex Rush indicator system will give you the exact entry level, stop loss (aggressive and conservative) and take profit level (aggressive and conservative).
All details are visible on the trading chart.
It’s recommended to use London Forex Rush on 6 pairs including the GBP currency.
Use it on the GBP/USD, GBP/JPY, GBP/CAD, GBP/AUD, GBP/CHF and GBP/NZD currency pairs for best results.
Free Download
Download the “LondonForexRush.ex4” MT4 indicator
Example Chart
The GBP/USD H1 chart below displays the London Forex Rush Metatrader 4 forex indicator in action.
Basic Trading Signals
Signals from the London Forex Rush MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade when the London Forex Rush tells you to do so.
Place stop loss and take profit target according to the London Forex Rush recommended SL and TP level (visible on the chart).
Sell Signal Open a sell trade when the London Forex Rush tells you to do so.
Place stop loss and take profit target according to the London Forex Rush recommended SL and TP level (visible on the chart).
No Trade: Stay aside when the indicator displays “NO TRADE” on the chart.
Download
Download the “LondonForexRush.ex4” Metatrader 4 indicator
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: chart window indicator
Customization options: Variable (Tokyo start, Tokyo end, London start) Width & Style.
Time frames: 30-Minutes, 1-Hour
Type: breakout
Installation
Copy and paste the LondonForexRush.ex4 indicator into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)