OPEN-SOURCE SCRIPT
London Breakout Scalping Strategy
This strategy is designed to capture price movements during the early London session (00:00-03:00 UTC) using Bollinger Bands and support/resistance levels. It implements a systematic approach to scalping with defined entry, exit, and risk management rules.
Key Features:
• Time-based filtering (00:00-03:00)
• Dynamic support and resistance levels
• Bollinger Bands (20, 2) for volatility-based entries
• 2:1 reward-to-risk ratio (10 pips target, 5 pips stop loss)
Entry Conditions:
Long: Price breaks above upper Bollinger Band while respecting support level
Short: Price breaks below lower Bollinger Band while respecting resistance level
Exit Rules:
• Take Profit: 2x the stop loss distance
• Stop Loss: 5 pips from entry
• Additional exit: Middle Bollinger Band crossover
Risk Management:
• Fixed position sizing (1% of account equity)
• Precise stop loss and take profit levels
• Early session trading only to capture optimal volatility
Recommended Timeframe: 1-5 minute charts
Best Suited For: Major forex pairs
You can modify the code below to select your own breakout window
Note: Past performance is not indicative of future results. Always test the strategy thoroughly on your chosen instrument and timeframe before trading live.
Key Features:
• Time-based filtering (00:00-03:00)
• Dynamic support and resistance levels
• Bollinger Bands (20, 2) for volatility-based entries
• 2:1 reward-to-risk ratio (10 pips target, 5 pips stop loss)
Entry Conditions:
Long: Price breaks above upper Bollinger Band while respecting support level
Short: Price breaks below lower Bollinger Band while respecting resistance level
Exit Rules:
• Take Profit: 2x the stop loss distance
• Stop Loss: 5 pips from entry
• Additional exit: Middle Bollinger Band crossover
Risk Management:
• Fixed position sizing (1% of account equity)
• Precise stop loss and take profit levels
• Early session trading only to capture optimal volatility
Recommended Timeframe: 1-5 minute charts
Best Suited For: Major forex pairs
You can modify the code below to select your own breakout window
Note: Past performance is not indicative of future results. Always test the strategy thoroughly on your chosen instrument and timeframe before trading live.
Script de código aberto
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