The principle behind the "London Open Strategy" is to trade in the
direction where the profis push the currency pair after the london
session has open [GTM 8am]. Trading pairs are EURUSD, USDJPY, GBPUSD
and EURJPY. The strategy check different conditions for the last 1h
bar [GTM 8am]. 1. The bar is long. 2. The bar close over the SMA[1h].
3. The spread must be below 2 pips. 4. The bar close over the
SMA[Daily]. 5. The current daily bar is long. 6. The bar has a small
and not too big correction. 7. The bar has the highest high since 3
periods. Contrary for short orders. The system trades the trading pair
with the most conditions. Minimum trading condition are the first four
from the list, but after a lost or end of month orders with less
condition could be allowed. If no order could be created, then it
check also the new york session[GTM 13] with the same conditions. On
the first friday of month (US Non Farm Payroll News) and on friday
afternoon, to avoid of lower leverage for weekends, no orders are
created. The strategy makes sure, that at least 20 orders are traded.
After a loss, the strategy trade a new order in the opposite direction
from the loss trade and the takeprofit for the future orders will be
rise up.