The BEST London Breakout Strategy in Forex Trading | Maximum Profits in 2021 | 2 of 2

[@tamilkumar7147]

Backtest results for 5 days : 19/2 to 23/2/2021. Wins 4 with 1.5 RR Loss 1 with 1 RR Stoploss : Recent swing plus/minus 4 pips. Total Pips : 30+25+24+33 - 34 = 78 pips. 👍

[@TradeForexwithPaul]

Amazing - well done mate :)

[@tamilkumar7147]

@@TradeForexwithPaul Thanks for this strategy Paul. First loss of the week is today. Will backtest in coming weeks as well. What about you Paul this week, did u take any trades based on this strategy??

[@TradeForexwithPaul]

@@tamilkumar7147 I took just 1 trade last week and lost. But thats ok, as its probabilities playing out. Great work with your backtestint there mate

[@animal9470]

..5 days? That's not nearly enough to verify it..

[@cman5461]

@@animal9470 Yh pointless really. Need at least 6months for a 5min strat.

[@augustinegahdinga5594]

I just love your genuine politeness and simple honesty. Thank you.

[@TradeForexwithPaul]

Thank you so much :)

[@Quogmeyer]

Okay! Well up until 7:30 this morning I was ready to throw the towel in but I decided to do a bit more digging around on KZbin for some inspiration. After a couple of “same ol” videos I came across yours. I had nothing to lose so I jumped on the charts and marked the zone out on GBP/USD and waited, sure enough I nice bullish candle broke through and closed above the the zone. I was using the demo account for back testing so I kept an eye on it (I know it’s fire and forget, which I will do on the real account) I kept the TP at a conservative 1.25% and within the hour hit it 😳 I’m hoping 🤞🏻this simple strategy will finally be a way to keep trading and building my small account. Thanks Paul for giving me hope an inspiring me to persevere.

[@TradeForexwithPaul]

Weyhey! loving this! August has been horrendous - So I hope you've had more luck than I have! (A little tip I didn't put into the video... trade off the pullback to the range - it shortens your SL, and makes your TP much larger. It also means that you take less trades, and you can also identify more fakeouts, so you can avoid losses easier. Less trades per month, but FAR MORE profitable!). Keep up the good work!

[@isaacbotros4968]

Backtested this with a few changes on NQ from over the previous 43 trading days from 20/10/2023 using a 3m chart. Using 2 contracts with a 1:1 RR and once TP1 was hit 1 contract was sold and stop moved to breakeven with a 1:2 target on TP2. Must enter after London open and prior to New York open, only entering on body closes above or below the Tokyo High or Low (body value not wick value). After 43 trading days there was 35 trades taken with 8 losers resulting in a 77% win rate and a net point gain value 860. Meaning if traded correctly this strategy would have had a $17,200 gain using 2 contracts. The strategy could be optimised again so once TP2 (1:2) was about to be hit stops moved to TP2 and let the market run to 1:3 or 1:4 or deploy a trailing stop after 1:2 etc. Great video and couldnt agree more that sitting in front of charts when trading a mechanical type of system like this is not the way to do it, have the system set and let the probabilities play out. We are the house and the house always wins.

[@TradeForexwithPaul]

Blimey - nice work mate! Adjust the RR/Targets and figure how to maximise the SL... Also - use stops instead of POs and you're golden

[@supremehedge8253]

I optimised it a little bit, try to add a Volume indicator to avoid false breakouts on your charts (you can use the default one on trading view) with a 10 or 20 MA and add to your charts the ATR indicator as well. You can set your SL based on the average ATR values and can increase your Risk-Reward-Ratio to 2:1 or even 3:1.

[@TradeForexwithPaul]

Well done mate - thats exactly what I want to see people do - adapt and improve 🙌📈

[@seangarrett1567]

Hi there, can you explain further how using the ATO you would calculate the stoploss and return on profit? Sorry I’m a bit of a Newby so I need a little more explanation.

[@TradeForexwithPaul]

@@seangarrett1567 hi mate, its typically a manual calculation for SL and TP when using any set stop. The average true range is usually the average of the last 12 or 14 candles (I dont use it, so from memory of seeing it when I started out). From here, find a position size calculator online to determine how much ££ to use based on the ATR stop, and set a target, or trail the stop behind the nearest swing and follow the market as far as it wants to go. Good luck mate - and dont forget to backtest to work out your optimal targets and literally just stick to them every day.

[@supremehedge8253]

​@@seangarrett1567 ATR means Average True Range and it tells you the average movement of N Candles (in default 14 candles) over a specific timeframe (depends on your chart). That gives you an idea for the realistic upcoming movements in the future. Based on that you can set your SL - if no crazy fundemantel news are published it probably should move like the ATR value. You have to play around a little bit with it, i see a lot of people multiply the ATR Value with 1,5 or 2, just to have a little bit more space. Hope it helps, best of luck!

[@noelstout3056]

Forex trading is all about eliminating the losing trades and achieving more winning ones. Most traders will rely on trading strategies that haven’t been tested thoroughly, setting themselves up for a failure.

[@bernardogutierrez8392]

The only solution is to try out the leading strategies for yourself and see what actually works.

[@DavidMiller-du9dy]

Absolutely, Forex is quite a lucrative venture

[@amandafoy4455]

Currency trading is a game of trial and error.. I’ve made so much trade losses this past months

[@kumarvenkatesh6600]

There’s too much risk involved in trades

[@noelstout3056]

@@amandafoy4455 trading is tough and that even the best traders have substantial losses along the way. I literally went from cubicles with small trading accounts of about $10,000 to making trade profits in millions in just a few years.

[@themacguitar]

Using replay in TV, I traded between 29th May and 26th June. There was only one day I couldn't get a trade and 15 were within the first two hours. That aspect was great. I won 11 out of 20 at 1 to 1.5 RR. Had I been trading on a 100k prop account I would have seen it go from 100,000 to 106,612 which is not too shabby for a hands off system. Many thanks Paul.

[@outerspace7620]

Do you still trade same strategy ?

[@JayHennigan]

Thanks Paul, I really like your explanation of this strategy and I also think it’s the best explanation and demonstration of the London breakout Ive ever seen. Ive seen a few versions of the London breakout on KZbin but most other channels don’t really seem to trust what they’re saying (in regards to generic London breakout). In contrast, the belief you have in your method is another win for me as well as the clarity you explain each step with. This is the first video I’ve seen of yours and I really like what I saw. It was very helpful to me, thanks! 😊🙏🏼

[@TradeForexwithPaul]

Love this! Thanks mate. I'm just editing a video currently about a London breakout reversal which plays out more often that this recently, how to trade it, and how to minimise risk massively. Thanks again 📈

[@JayHennigan]

@@TradeForexwithPaul thanks Paul that sounds brilliant, exactly the type of content I’m looking for. . I’ve subscribed. I’ll be watching more content from tomorrow. Keep up the great work & take care!

[@TradeForexwithPaul]

@@JayHennigan thanks very much mate. Will be putting more effort back in to the channel soon

[@binance9975]

Thanks for uploading this content. Nice to see someone genuine instead of 20 year olds selling scam courses

[@shanghai2058]

backtest result 6 Nov - 5 Dec 2023 i only changed the risk to always be 1% but reward always 1.5 4 days no trade 18 trades 10 wins 8 losses 1% risk on each trade 7% profit after this period but after 18 days you would have passes 8% and thats enough for first challenge phase on funding account

[@TradeForexwithPaul]

Great job!

[@nicholasdoris7929]

21 Dec 2020 - 13 Feb 2021 = 19 Wins/19 Loss // 1:1.5 // +9.5%. Not too bad at all! I used to trade a very similar strategy with the NYC session (EURUSD/GBPUSD).

[@TradeForexwithPaul]

Fantastic job mate! I've got something similar coming up with the NY session and Asian sessions. Great work - I'm really pleased for you 😀

[@haseebahmadkhan4975]

An excellent and simple way of explaining London breakout strategy, thankyou sir, Haseeb from Pakistan

[@TradeForexwithPaul]

Thank you Haseeb

[@shayneguest93]

hey great video! I backtested from 4/1/21 until today 26/2/21--- 12 wins 26 losses, 339 pips gained, 533,4 pips lost. Seems this year has been quite tough, thoughts? are you still using this strategy?

[@TradeForexwithPaul]

Thank you Joe. And good job backtesting. The past 20 days of trading have been probably the worst on record for me for win-rate. % wise, I am barely up. Very tough market conditions. I'm creating another 3 videos on the LBO with ways on how you can look to filter your trades... some days I won't trade the LBO because of what happened during Asia, and other days ill scale in to positions. I had to trade a little bit in the Asian session this month to pass FTMO, but its been fantastic - ive really been able to hammer down a phenomenal percentage rate on the LBO by adjusting profit taking and entry points. I'll also fade the breakout now, whereas before I didnt. More coming soon mate, and well done for backtesting rather than jumping straight in 🙌📈🔥

[@N1ch0la5C00p3r]

I got the same results

[@dustinfallon7389]

A well explained video as always, from my experience on trading, one thing I can attest to is that with adequate support from a qualified personnel can go a long way in helping you gain unvarying profit.

[@adammuller9594]

Trading is a really demanding job, so there is no problem getting assisted

[@theoherro823]

To qualify as an Independent trader you have to master multiple strategies.

[@marceldubois8072]

Dustin Fallon I am also inexperienced can you tutor me or is there a way I can join your team?

[@dustinfallon7389]

I am under the supervision of the experienced CONS. Edwin Earl and I depend on his trading pattern to make me profit.

[@dustinfallon7389]

consultedwinearl@gmail com

[@stephentaylor2119]

A stratergy I noticed when I first started trading, and use a simnilar technique when market flattens out, I put pending trades above and below price. I actually put a trade in on the false break out with a tight training stop and more often than not catch a small profit before main breakout.

[@TradeForexwithPaul]

Perfect mate - good to see someone observing the markets properly

[@JakeG1]

Just watched this and your other LBO videos. Really enjoyed them! I've always been attracted to LBO strategies and seeing other traders' versions of them. Have you made any adaptations to account for choppy markets and fakeouts, as range breakout strategies are vulnerable to that? Thanks for taking the time to share your ideas with us. I look forward to more videos on this topic. 👍

[@TradeForexwithPaul]

One coming up shortly mate! Thanks so much for the kind feedback. I'm definitely a LBO specialist and have multiple pairs and strategies for it... some I won't share on YT, but others I will. Stick around mate. Thanks again :)

[@aarontucker3858]

Very good video, well explained and very good win ratio backtesting. Keep up the good work 👍🏽

[@TradeForexwithPaul]

Really appreciate this mate, thank you

[@bridgerjeff]

Ive ran the entire week last week on this system and have 5 from 5. Really awesome

[@TradeForexwithPaul]

Noice!

[@outerspace7620]

Hi , you still using same strategy ?

[@Domiguy777]

April month 2024 wins 7 loss 2 +8.5r thats 8.5% already pass phase 1

[@TradeForexwithPaul]

Nice one mate

[@gibsonlespaulspecial]

Thought I'd revisit this Paul. So past 14 days tested, 9 wins 5 losses which is still pretty good. I then looked at M15 trend and 4 losses were against trend and so was 1 win. I noticed 1 loss however was a loser in either direction. So I reckon if you took M15 into account it's possibly 12 wins 2 losses. I need to go through it again but M15 bias definitely helps and if you filter M15 consolidation it would improve further. For changes in trend you will always get caught out but this is a great strategy, thanks for sharing!! I will do more back testing but with M15 🙂

[@TradeForexwithPaul]

Probably about 4 or 5 am

[@givati05]

Great Video! Thank you for your work! would love to build EA Another question: 7am London time?? you mentioned GMT.. so.. my GMT is 8 am in London

[@TradeForexwithPaul]

An EA would be awesome... I made one but I couldn't get one of the variants correct so still manually change. I made the video pre-clocks changing. So 7am now is the European open, and 8am is the London. If you're ever unsure, just open up rhe volume indicator and look at how much volume is traded at that time - so much more than Asian session

[@samuelcrooks926]

I'm just about to start FTMO this week also with this strategy, wishing you luck for your challenge 👍

[@TradeForexwithPaul]

Good stuff - let us know how it goes 🚀

[@jacarajohnson2987]

How did it go?

[@ShomonRobie]

Hi Samuel, how do you score on your FTMO challenge with this strategy? Would be very helpful for us if you could share your experience!! Thank you in advance!

[@samuelcrooks926]

@@ShomonRobie Hi Shomon, sorry it didnt work as a strategy, good luck with your trading.

[@petersymons2007]

Thank you for taking the time to share - very clear and easy to understand

[@TradeForexwithPaul]

Thank you so much for the kind comment Peter! I really appreciate it and I hope you find good value in my videos 😊

[@Sam-ft3nl]

Great video Paul. Keep the awesome content coming

[@TradeForexwithPaul]

Thank you Sam! Should be weekly uploads fairly consistently over the coming months. Thanks again mate.

[@rexpabinguit5353]

That's really nice.

[@connoro5550]

I backtested this strat, though modified the stop loss size to be 1.5XATR. 75 tests -> Tested from August - December 2020. 52% WR at 1:1.5 R:R, 55% WR at 1:1 R:R, 46% WR at 1:2 R:R. Probably some human error in the backtesting. Your strat with a wider SL seems to work better. I might try increase stop to 2XATR. Noticed mulitple times price would just stop me out and then go in my direction. Also with the tight stop loss the TP was usually hit within 3-10 candles, And when it failed it failed instantly (Also worth testing the failed breakout strat -> when price crosses back within range take opposite trade)

[@TradeForexwithPaul]

Really well done mate! I've had varying success with ATR based stops. I now trail my stops and place my original stop a certain no. Of pips. My win rate is lower, but my RRR is significantly higher. Cracking job with the backtesting 💪📈

[@tekkenlong]

can u tell us what number of pips do u trail your stop? appreciate you

[@TradeForexwithPaul]

@@tekkenlong my initial stop is 3 pips and trail behind the latest swing 📈

[@jsunproter1940]

I've been trading this for more than 10 years now. If you think that's a long time there are some traders. that have been using it since the 90's. It's been a consistent winner for me. I've done very well applying the basic ideas of this to futures, crypto and stocks as well although it's slightly different. When choosing pairs to use this on many of the minors do well also.

[@TradeForexwithPaul]

Thats brilliant to hear mate. Dont see it ever failing over a sustained period of time

[@jonathanlee5185]

👍Thanks, your calm voice is very reassuring -- like a driving instructor who has confidence his learners will pass their test. Then: 7 am GMT is now 8 am BST, in April?

[@TradeForexwithPaul]

Thank you :) Yes - for a week or so, the charts shift between UK times and US times whilst one plays catch up with the other on DST. Typically though, LBO occurs at 8AM UK Time

[@petersymons2007]

Hi Paul just revisited the video to help reinforce my knowledge - thank you again

[@TradeForexwithPaul]

Thank you for the comment :)

[@LewisHarding.Accounting]

Awesome video Paul and it’s great to see your favourite strategy in full swing!🔥🔥

[@TradeForexwithPaul]

Thanks so much Lewis! Hopefully you can pick this up too mate. Very simple strategy that works soooo well! Thanks again mate.

[@koplfc1195]

you charging £75 monthly u wont need to trade if you get newbies to sign into your discord 😂😂😂 if trading was that easy! algorithm will make you bankrupt in longterm doing this

[@TradeForexwithPaul]

😄 I could sit on my arse and allow the 1,800 applicants join. Instead, I've kept it to below 50. *there is no 'algorithm'. Please learn more about how the market works. There are hundreds of thousands of algorithms. The market is not an algorithm.

[@investornaire6838]

Paul, thank you for this straight to the earth educational video. I have backtest the strategy with a little modification. I wait on 1hour Timeframe , wait till 8am GMT candle close on GBPUSD, then set pending BUY STOP orders 5pip on the HIGH and SELL STOP on the Low of the 8am GMT Candle which got activated, then I delete the non activated order, then place my Stop loss (usually btw 30 - 39pip) below or above the next swing. I close my chart and check back at 11am GMT Result: I have done 9% on a 100k Demo account in 2 week using only this strategy. (7 wins , 1 loss). I am hoping to purchase my FTMO challenge using this strategy. Please advise as you may wish Thank you once again, Paul

[@TradeForexwithPaul]

Oh man, I am so sorry - I completely missed this comment! That's an amazing adjustment and fantastic results. Have you stuck with it? If so, how have you done?

[@NeilBradleyMS]

Hi there, I’ve just watched this excellent video! I really like your way of teaching. You have a new subscriber and I’ve also liked your video to help with your channel which seems to be growing nicely. All the best-Neil (UK)

[@TradeForexwithPaul]

Thanks so much man :)

[@kevinpayne7298]

Great video the London breakout interests me as my general trading is so hit and miss……mainly miss😁I’m going to back test then try on a prop trading challenge, so I can eventually leave work….if successful, many thanks

[@TradeForexwithPaul]

Great job mate

[@dbeats8751]

Paul, thank you for making this video! Absolutely enjoyed your detailed explanation! I like it when you set out the expectation of this strat straight away within the first minute of the video!

[@TradeForexwithPaul]

Love this! Thank you so much!

[@CraftHaven888]

Easy strategy but not profitable. Backtested it. Out of the 8 straight trades I took, only 2 were in profit. The rest were losses, with -14.61% PL.

[@TradeForexwithPaul]

Hi mate, I'd say your risk is waaaaay too high if you lost 6 trades in there. Should be roughly -4% on a standard 1% risk. Itll work for months at a time, then stops for weeks at a time. Its all in the market cycles

[@Smoke-tr7ux]

Thanks for the video. I’m starting Monday morning!

[@TradeForexwithPaul]

Loving this, thank you. Backtest it first though and refine your reasons for entries to cut back on losses. Best of luck 📈💪

[@nathanbrowning3191]

Ok, so I know this is an old video, but I'm back testing in today and it's not working well at all. Is this no longer a relevant strategy? Anyone?

[@TradeForexwithPaul]

Works on and off. Has since developed into how I currently trade

[@ishmaelpartida7693]

But doesn’t that mean you have to wake up in the middle of the night to set the sl since it based on the last swing and you have to be their to analyze. My time is pst

[@TradeForexwithPaul]

Possibly in your timezone mate. I'm GMT (England), so it's just the morning for me.

[@mobilenerdgames]

I have testt the asian breakout, last 22 days, i got 12 loser and 9 winner, i trade it if a breakout is happen i make a pending order at high or low on on the asia session. and risk reward 1/2 is statisikly the best. i end up with 6 % profit after 22 days. i have checked r/r 1/1, 1, 1.5, 2 ,3 ,4 ,5 so 1/2 was the best next was 1/4 but then it wa sjust 4 % profit. Max lose in a row 6, max win in a roe 6. Looks like a decent strategie. But not evryone can handle the 6 in a row losses maybe they are more was just 22 days of testing. Ny indikator goes not more back. but i will keep testing it. I didnt test the original 1.5 r/r what you made.

[@TradeForexwithPaul]

Adjust the target mate - target 60 pips, It was the median average for the day after the breakout from memory

[@LuTimesTwo]

@@TradeForexwithPaul So instead of setting TP to 1.5R, simply now target 60pips?

[@REsuperGRX7]

just backtested this on GBPUSD for June 1st through 30th and did not perform well. 10 wins 11 loss, even tweaked some to 1.4 Reward instead of 1.5 just to get some wins, or used at least a 15 pip SL or just on the other side of previous swing to stay safe and just still gets bad results. Really notice double zero 00 and 50 price levels and how price behaves around round numbers, even the 25 and 75 sometimes, just ugh struggling with all this info and patterns and wanting to get consistent results to go for a funded program like FTMO.

[@TradeForexwithPaul]

Hi mate, I've just seen this. Very frustrating month or so - I still backtested it even though I've not been trading recently. It also went through an awful month 6 months ago. I wonder if it has 2 months per year where the cycle just doesn't work so well? Plus side though - 10 wins and 11 losses at more than 1:1 = profit. Could just use >1% per trade (but wouldn't recommend it). Maybe try this video: kzbin.info/www/bejne/iHicoYttrsifm6M I passed one of my FTMO challenges by using these concepts. Good luck mate

[@amirmaaref362]

That's great! Thanks Paul. I've a question, how you now, Tokyo and London session are 1H overlap together, so, should I watch market in start of London? or watch market after end of Tokyo?

[@TradeForexwithPaul]

I used to watch at 8am UK time

[@jachristian9691]

Mrs Maureen is legit and her method works like magic I keep earning every single week with her new strategy

[@jachristian9691]

Yeah

[@helenjane1316]

she has made name for herself

[@JohnJohn-vv8ic]

You can reach her via Whats App number with

[@JohnJohn-vv8ic]

+ @@@1 @@@ 7 @@@ 1@@@ 9 @@@ 3 @@@ 1 @@@ 9 @@@ 9 @@@ 1 @@@ 1 @@@ 7 @@@ 🇺🇸

[@stassia4881]

I am not here to converse for her but to testify just for what I am sure of, she's trust worthy and best option ever seen

[@3275kk]

Thanks so much for this video. Such a great n simple method..❤

[@TradeForexwithPaul]

Youre welcome

[@jonathanlee5185]

👍Thanks -- a well-made video👍 Q: Paul, what about GMT/BST, do we start from 8 am in summer.?? If Japan doesn't change its clocks, does timezone-proximity narrow ? + What about Frankfurt kicking in if we start at 8 BST. A cluster ache on start times

[@TradeForexwithPaul]

At certain times of the year it will be 7AM where this starts from. It messes me up every 6 months when the clocks change. If ever unsure, just turn on the volume indicator to see when the real moves come in. Drop to the 1m and it becomes obvious

[@jonathanlee5185]

@@TradeForexwithPaul Thanks, Paul, you are a real pro to have such answers at your fingertips -- and a gent for replying.

[@themacguitar]

Update on my previous post. I have now tested 34 days on Trading View replay. Unfortunately my win rate has dropped to 14 wins out of 34. with a RR of 1 to 1.5. A starting balance of 100,000 would now be 97842. I noticed the strategy sometimes suffers from news events which forces a Judas move through the Asian high or low followed by the true move against the now entered trade.

[@TradeForexwithPaul]

Good job mate - try using the daily ATR smoothed over 210 days as the target. Watch your RR soar

[@juochiokpala8384]

Did 19 GU, with 4Losses 15 Profits😮

[@TradeForexwithPaul]

📈👀 great work mate

[@juochiokpala8384]

@@TradeForexwithPaul thanks a lot man. This is actually your 2nd video I'm watching cos your style of trading resonates so much with me. So just reading down the comments and saw where you said you have more videos improving on this one. Now it's gonna be a binge watching for me. Again, Thanksalot for your work👍

[@davidowoicho8432]

Thank you so much Paul. You explained it so well and simple. Am going to start back testing and come back to share my results. See you mate

[@TradeForexwithPaul]

Thank you

[@shanghai2058]

so what are your results? i am going to test this for the month of november

[@divantheron5791]

Hi there Paul, thanks for the great video. I would like to know, does the strategy change or perform differently when London opens an hour earlier in the summer and a hour later in the winter? Hope that makes sense, thanks.

[@TradeForexwithPaul]

Thanks for the kind comment mate. That always catches me out too, so to solve it when the clocks go forward soon- turn on the volume indicator to see what time Europe starts. There should be very little volume traded at rhe end of the Asian session, then when volume picks up at the start of an hour, thats likely Europe, then the hour after volume should be very strong and that'll be the London session

[@donwevon4219]

I also can wait to try this out look very simple watching if this is the way forward am all 👍

[@TradeForexwithPaul]

Thanks for the comment Don. I love trading this because its so simple. Lately the win/loss rate is nearer to 40%, but as long as you're targeting 2 or 3 to 1, you're good.

[@andrewwilson7285]

Recently found your channel and loving the content. Quick question. Do you use anything in the higher timeframe to confirm the trend (MTA) or is it just all in the 5 min chart?

[@TradeForexwithPaul]

Hi mate, typically with LBO, no - but my strategy has since evolved from the LBO and got a lot better. Nonetheless, LBO is profitable when sticking with the basics

[@JO-mm9rn]

Calculation Error? Why do you always count 1,5% Win? Isn´t it a different figure every trade?! And why i didnt find the question from others? sry im researching TA for 4 days now, still keep learning

[@TradeForexwithPaul]

Just to pocket the wins. I teach how to maximise these moves on a different course for often 5:1 and 10:1 trades

[@evangaleazzi7]

Fantastic video mate. I also created an alert at crossing high and low points, using Once Per Bar Close. This worked out well so that I didn’t have to watch the charts for our trigger points.

[@TradeForexwithPaul]

Nice work mate

[@Smokieray1]

Awesome strategy.

[@TradeForexwithPaul]

Thank you

[@ForexReact]

Do you still trade this strategy? it's still working?

[@TradeForexwithPaul]

I don't so much anymore but for sure. Breakouts will always work if done correctly

[@iliykuzin8501]

8jan - current day 6/11. Winrate 64% Rr1.5 10.5r profit after testing. And what i noticed that almost every trade has drawdown and by analysing more i would say it's better to find fvg and enter from it. But its very suspicious for me that its giving profits. So i will go and backtest full 2023. And today we have loss

[@TradeForexwithPaul]

The way it goes mate

[@virgilioparale1737]

Hello Sir Paul A very easy to understand tutorial on the London Opening Session Strategy. I really appreciate it Sir👏👍 Sir, I'm wondering if you could also share an opening breakout strategy on the New York and Tokyo or Australia sessions? Sir, is there also a breakout strategy on the overlapping of London and New York sessions? This 4-hour overlap is the most highly liquid forex part of all. Thank you very much Sir for your generous knowledge and precious time🙂

[@TradeForexwithPaul]

Hi Virgilio, Sorry for the late reply mate - I really appreciate your kind comment! You'll love this video if you haven't seen it yet - it was around the asian session I believe: kzbin.info/www/bejne/iHicoYttrsifm6M Also got another one out hopefully this week based around Asia. That 4 Hour span between London and New York is my favourite! Thanks again for watching - I hope you enjoy my videos!

[@kunalvm]

So you make 20% per month doing this?

[@TradeForexwithPaul]

You can do mate

[@makepips8760]

Hi paul thnx for making this video! I've a question. I live in the Netherlands, wiche time do I set the Sydney Session? Thank you in advance.

[@TradeForexwithPaul]

I think you're 2 hours ahead of me mate. Maybe 1. Worth checking on google

[@callummatthew3703]

Love this one thank you.

[@TradeForexwithPaul]

@@callummatthew3703 🙌🙌🙌

[@jonathanlee5185]

Thanks. Your voice is calm and reassuring.

[@TradeForexwithPaul]

This is nice to hear, thank you :)

[@johngore8443]

Hi, can we use any other currencies pairs ?

[@TradeForexwithPaul]

CHF worked well when I did it :)

[@milandudhia7546]

50 Back tested trades 22/3/2021 - 25/5/2021.. Result was 32 Losses, 18 WINS.. Market manipulation tends to take out for example Asian High during London session and then typically will reverse and take out Asian low in this example so not clear how this strategy can deliver profitable trading... Has anyone back tested this for a longer period and seen 60% win rate?

[@TradeForexwithPaul]

Been working on the changing market with this earlier in the year.... got a London fakeout video coming up soon. The breakout worked extremely well for a few years but for the past 6 months I've had to change my entry and exit criteria. Full strategy is with my community but will leak snippets on YT from time to time. Thanks also for the watch and your patience with my reply 💪📈

[@wellwisher-qc2yb]

Your camera pixels are very bad i can't read your indicators you are using and picture quality fades by zooming sir. BUT GOOD CONTENT❤ .

[@TradeForexwithPaul]

Sorry mate - I think I did this video off an old laptop

[@soraygoularssm8669]

disliked the video cause this secret shouldn't be revealed

[@soraygoularssm8669]

changed my mind this video truly deserves a thumbs up

[@TradeForexwithPaul]

This is my favourite comment ever 😃 Thank you. Be sure to go back and backtest and adjust your strategy to suit your personality and you'll do well 💪📈

[@Gligor.]

Hey Paul, still using the london breakout strategy or u just focus on the order blocks? I know that u somewhere, don't remember where, u said something about london breakout using the 1 min chart. More info on this? Can't find a video about it. Thanks. Keep it up!

[@TradeForexwithPaul]

Hi mate. The order blocks developed from the London breakout. I created a 1m lbo video about 2 years ago but it was immediately copied and distributed onto someone's course so I took it down

[@ryany8709]

Anyone still using this strategy and able to share some results? Thanks !

[@TradeForexwithPaul]

Just do the testing mate. It works a lot of the time - a tip though - play with the TP. You can get far more out of it than what I show on the video

[@ryany8709]

Thank you! Will do

[@NBS349]

Are you still using this strategy everyday

[@TradeForexwithPaul]

Not every day, but maybe 5 - 10 x per month

[@Polenzo10]

Could you tell me the schedule for your region !!!! London, madrid etcc, to follow the strategy. If I see the schedule you put of the session but I don't know exactly what time you have set in your chart. I will test the strategy if you tell me these parameters

[@TradeForexwithPaul]

8AM UK time to 11AM UK Time - if the breakout doesn't happen until after then - cancel all orders

[@TradeForexwithPaul]

I don't know the timezone of Madrid

[@marcuswynn1448]

Back test results from 3 July - 31 August, '23: Results were 65% win rate. Avg win: 36.48 pips/ Avg loss: 22.34 pips. Highest gain: 80.5 Highest loss: 42.8 Total 43 trades SL: 1% TP: 1.5%

[@TradeForexwithPaul]

Great job

[@melyas5738]

hi i love this video but i have a question . London session overlaps over asian session for about 1 hour so do i mark high and low rite after london session opens or do i wait for asian session to fully finish which overlaps london session then take terades after that ?

[@tomguinan6916]

How has this being trading for you lately I have not being getting a positive result From 8th of March until 8th of April -5%

[@tomguinan6916]

Apologize I meant 7th of April I was one day ahead of myself, Could I also ask could anyone direct me to a strategy that could help me generate 1-5% a month thank you

[@TradeForexwithPaul]

Hi Tom, I've done well from the last month. Maybe refer to my more recent video Re determining the trend: kzbin.info/www/bejne/o368fJ6tjJh1bMk It's kind of a preview to my full strategy that I trade. Combine the video with the LBO and you'll do well. (It actually applies throughout the day, but they're the rules that I follow). Good luck mate - working hard

[@TradeForexwithPaul]

BTW - I use the 1 min candles for my entries now - FTMO have extremely tight spreads and low commissions so it makes sense to capitalise on the entries.

[@tomguinan6916]

Ok brilliant thanks Paul ! I have being working on it all morning so I have 1 more question when price breaks opposite to the trend so LBO counter trend you don’t trade but if In the same session price decides to break back into the range then breaks the range back in line with the trend you look to get in ? Thanks a million Paul I’m a seasoned trader just looking for something that creates a couple of percent a month as my old method was very very intensive it almost took over my life so looking for a more relaxed approach with some small percent gains each month

[@TradeForexwithPaul]

Sorry mate I've just seen this. Thats something you'd need to backtest. I sometimes do it, but understand that you're at that stage usually already deeper into a trend direction so chances are price won't run off as far as if it was a first-time break if that makes sense? I often now wait for price to pull back in as it often does and trade the last candle on a rejection. Will be doing a further video soon on how to trade the pullback & breakout or full reversal

[@Ya-mahdi-aj]

Thank's a lot for your work,

[@TradeForexwithPaul]

You're welcome!

[@cedgriff]

Great video!! I appreciate how in detail you are on the key points. Subscribed!!

[@TradeForexwithPaul]

Aww thank you so much. Be sure to backtest and adjust to suit your personality. If you combine it with my video about trend following (most recent one with the thumbnail which says 50% monthly) - you'll do very well for sure

[@michaelnahon997]

Thanks for this strategy . It shows the time setting as being 19:00 until 02 00 for Sydney , could you explain why this setting ? . Do you have to change the time setting in summer ? or when in UTC+1 ?

[@TradeForexwithPaul]

Good question mate. Midnight until 7AM UK Time. There is a week where everything goes tits up when all the continents move their timezones for DST etc but other than that, 12-7

[@robertogarza-leonard761]

GREAT video nd technique. hope to follow you. i'm just starting to trading. setting up the account and all. from mexico.

[@TradeForexwithPaul]

Thank you :)

[@larnaca6460]

Man I subscribed and comment boz u look and sound very honest guy

[@TradeForexwithPaul]

Thank you so much!

[@markhall8939]

Just checked this out over the last month, got 46% with an overall profit of 1.5% of the account. Not really earth shattering.

[@TradeForexwithPaul]

Change the RR

[@monkeydluffy4667]

thanks Paul for your valuable content on the world of trading, is this strategy replicable on eur/usd? Thank you

[@TradeForexwithPaul]

Thank you mate. I found it to be not as reliable on EURUSD

[@joelicitra9817]

have you done a video on fading the london breakout yet? You had made the comment you did not like the strategy as well as this one....Your thoughts... thanks

[@TradeForexwithPaul]

Hi mate funnily I've made one and found the results were insane so I havent shared it on YT. I've taught it to a couple of people I am currently mentoring :)

[@burhanettin9649]

Dear Paul maybe we can add supply and demands zone, and add 200 Ema to find out the rıght way position. it doesn't mean that at the end of the Asian sessions we have to trade. . how about your 1 min strategy, can you tell us about it. Thanks for all

[@TradeForexwithPaul]

Love this mate. There's a lot more to the modified version to include a HT bias. Has helped enormously. Full strategy is with my clients but will bring bits of it out on YT :)

[@dilip.rajkumar]

Great tutorial and strategy!. Thank you for sharing Paul. Did you win the FTMO challenge and have a live funded account now with this strategy?

[@TradeForexwithPaul]

Thanks Dilip! Yes - I've got the FTMO challenge done and out of the way, I'm now finishing off my verification. It's the $100k account (was just before they announced the $200k challenge). I'm combining the asian session with london now as well for more opportunities, but using a maximum of $200 risk per trade so it's 25R that I'm taking out of the market total

[@davionhavior8020]

@@TradeForexwithPaul nice strategy keep us updated

[@camscott68]

Hi Paul are you still doing this breakout strategy as your main method ? I have been testing a similar one but a much tighter breakout range with about the same ratio of around 60 to 65% from 30min before we go into London til 30min in, but wanted to ask if you have a set time when you will stop if there are no breakouts - ex if your heading towards NY open will you still be looking for that breakout 4hrs into London or not really ? P.S also if you used an EA risk calculator you could pretty much keep the risk to almost perfectly 1% each time

[@TradeForexwithPaul]

Sorry mate just seen this comment as well. To answer the other question: yeah if no breakout by 11am it was no trade and just go about my day. Failure rate doubled beyond this. Great shout with the EA

[@teamtls]

Mate does this strategy work still in 2023? I must backtest it. Thanks for the video.😊

[@TradeForexwithPaul]

I would assume so mate. Worked 2000-2021 when I was using it was mostly 2019-2021

[@khidirney]

Hi Paul Really good vid I enjoyed this very much. I really like the London breakout as it fits in with good timing as I am based in Australia. I will try this out for sure. Paul is this the ''best or should we say the most profitable London breakout strategy that you have in your toolbox ?

[@TradeForexwithPaul]

Great stuff. No - I modified it heavily when I realised that price often comes back in. It transformed into how I trade today. Basically for simple best results - wait for the breakout. Dont trade it. Allow price to come back in to the zone. Let it reach an order block. Set a stop order. Set TP to be the daily average over a setting of 260. That'll make more money than any LBO video I've shown on KZbin. You'll get less hits, but less losers, and a ridiculously higher RR. Additionally, if you can refine that OB to the 5m or 1m, I'll see you at the bank 😎💪

[@olegivanenko2978]

Very simple and useful strategy. Thank you!

[@TradeForexwithPaul]

Thanks Oleg, give it a go and backtest and let me know how you get on

[@nyeinkyawaung1688]

really helpful I will backtest as you said for 10 days period and feedback to you later

[@TradeForexwithPaul]

Thank you!

[@nyeinkyawaung1688]

@@TradeForexwithPaul Thats my backtest Between 12 april to 23 April for 10 days period 12 Win 1.5 13 loss -1 14 loss -1 15 loss -1 16 loss -1 -2.5 19 Win 1.5 20 Win 1.5 21 No trade 0 22 Win 1.5 23 loss -1 3.5

[@andrewwilson7285]

Paul, brilliant content. Can I ask a quick question. It looks like you use the ZigZag indicator to tell you those swing points. If so, what settings do you use?

[@TradeForexwithPaul]

Thanks mate. I just use a path tool to draw the zig zag on. I use only the inside bar indicator to help me spot them better

[@juliemackey8679]

Hi Paul Would you consider trading live. London open ....London close .....or even new York open with that lovely dip in the wting direction.

[@TradeForexwithPaul]

Yes - plans to do this!

[@tuledannytex1767]

Hey Pay, nice vid. Please how do I get the exact session indicator you're using? I can't seems to find it on trading view.

[@TradeForexwithPaul]

Asian Session

[@bridgerjeff]

Does this apply even if the break occurs late in the UK session...in other words the entry provided the rules are met are not bound by time?

[@TradeForexwithPaul]

Reduces odds dramatically

[@bobkennedy4287]

I really liked the simplicity of the London Breakout Strategy. Do you trade any indicies or gold? I would like to see more. I am not doing will in a challenge with Surge Trader right now.

[@TradeForexwithPaul]

I hope your fortunes changed mate. I trade gold sometimes. Not as often as I used to. Havent ever traded indices

[@Mathijsvanwijk]

Just did a backtest from 23th of may till 23 June. Would have taken 24 trades. 9 losses 15 wins. Do you have a video where this strategy is updated so that chances of getting the right entries are improved plus RRR? So better entries with tighter stoplosses? Ah I found it already. It’s been posted 5 months ago on your channel.

[@TradeForexwithPaul]

Good effort mate. There's a few tweaks that you can do to really maximise these moves when they happen. You're either stopped out quickly, or can really take off for days at a time. TIP: Use the weekly for confluence :)

[@dangminhson]

thank for the strategy

[@TradeForexwithPaul]

You're welcome

[@petermuhoho3780]

Thanks for this Paul. A quick one I have noted that this strategy works well on a trending market. How do you trade it on a ranging market? Also do you consider to take trades if the Asian range has a very wide range? I am asking this because I have noted that when Asian mkt does quite a huge move price tends to make very less moves during the day hence potentially hitting our stop loss.

[@TradeForexwithPaul]

Hi Peter, good question mate. When Asia has been ranging quite heavily, I tend to be more cautious and want a stronger break. Alternatively, I'll look within the last few hours compared to the rest of the session. If I can get a convincing break of the last few hours, I'll get stuck in - otherwise, I tend to stay out these days.

[@petermuhoho3780]

@@TradeForexwithPaul Thanks for the response mate. I have been backtesting this strategy on the 5 & 15 min TF and it works like magic. It has a very convincing win rate.

[@Waseem_Amin]

Backtest results for 20 days before the date 11/02/2024 Pair: GBP/USD Risk to reward. 1 to make 1:5 Result 9 Wins 11 Loseses = 2.5 Win Test two Pair: GBP/USD Risk to reward. 1 to make 2 Result 6 Wins 14 Losses = -2 Loss

[@TradeForexwithPaul]

Good work mats

[@TradeForexwithPaul]

*mate

[@Habs519]

Hi Paul, haven't had the time to backrest properly yet,but do you think this will work trading Blufx?can I make 5% per month with this strategy?

[@TradeForexwithPaul]

Hi mate, I'm not sure what BluFX is, so I can't comment on that. Please do backtest so you can understand the principles of the strategy and implement your own adjustments to suit your trading personality. Trading the past 4 weeks, you'd have lost 5% following the strategy exactly, but in December you'd have been up around 30% from memory. Currently its not performing well, but the winners streak may well be just around the corner again. Please backtest before undertaking any live trades. Good luck mate 📈🔥

[@AlexLilley]

Did 40 trades from 28/3 to today and got a negative profit of about -7%.Pretty confident i'm doing it right

[@TradeForexwithPaul]

You might be mate - it seems to be working less and less so a further SL is needed half the time

[@Charlie0311]

Hey, this seems like a good, consistent strategy. My only issue is that i have to be up by 7:00am every day😭 I live in the UK.

[@TradeForexwithPaul]

So do I mate - more like 6.15 to get up, do your morning routine and get in sync with the market. Remember, good things come to those who work for it 💪📈

[@Charlie0311]

@@TradeForexwithPaul Thanks for the reply. What times would you set your range from? 👍

[@TradeForexwithPaul]

@@Charlie0311 midnight until 7am usually mate. Some people do it from 10PM until 8, but really its just where price volume drops

[@aziiris5448]

Come to Dubai bro It will be 11:00am 🤪

[@juliemackey8679]

Isn't buy back into the box. The judas swing ....must hit a breaker.

[@TradeForexwithPaul]

I think I know what you mean!

[@albertmeilak2565]

Thank you for a well explained and easy way to trade,look forward to using this strategy.

[@TradeForexwithPaul]

Thank you!