FULLY BACKTESTED | London Breakout Strategy

Following up again this week with another backtest video where we take a look at one of many London Breakout variations and see if this mechanical strategy has an edge in the market and how it worked out over the past 12 months.
A mechanical strategy is a strategy with pre-defined rules, that you adhere to at all times no matter what the market is telling you. It helps reduce trading anxiety and can stop your emotions losing you money. In this episode we backtest the London Breakout strategy, a super easy setup that can be setup and forgotten about, taking very little time and effort, perfect for people trading part time with other commitments. Watch the video to see the results over the past 12 months!
Make sure to leave a comment down below, and tell us what strategy you want us to backtest next!
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#forex #tradingstrategy #backtest #results #profitable #winrate #Simple #Profitable #London #breakout
Risk Disclaimer:
These our my opinions and in no way Trading Advice. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

[@carlofrancisco5256]

Interesting variant. Imma try this on the other GBP pairs and European indices this Tuesday..

[@barnabycauwood3983]

I've never seen this strategy before. This is really good.

[@JOUMASEPOES104]

I go with a 30 min time frame , I enter my trade on the 2nd candle wic that closes above the Asian session high . I only trade the london breakout on the GBP/USD

[@anthonybeevor5451]

Great video

[@hildachauke8000]

I like this strategy its simple

[@piyapon45360971]

Your testing model use fix lot or %risk ?

[@mattrading8701]

Very interesting results, I will code an Expert Advisor for this strategy and see how it goes.
Thank you!

[@firstnamelastname6148]

How it goes?

[@bruce350]

Very interesting. With that sort of performance along with the very minimal time commitment it's worth throwing that onto a demo account and seeing how things play out because that's 5 minutes a day. Would be interesting to see how stop management would alter matters (ie stop to B/E at 1R profit).

[@django3159]

1 year later, did you tested it on a demo account? ;)

[@057Ludo]

@@django3159 And you ?

[@matejvaclik7263]

In the video you say you traded this from July 2020 to July 2021 but then there is one whole year so which is it please?

[@victoramogu3708]

I Just realized the one I know is actually different. In my version, you wait for London to break the high/low of the Asian session, wait for the price to reenter the Asian trading range, and then trade in the direction of re-entry.

[@josiasloko8602]

what is your win rate so far

[@victoramogu3708]

@@josiasloko8602 I don't use it anymore because the results were random, win rate was around 54% but I really hated the losing streaks. At least with trend following strategies you know that losing streaks happen because the market has gone into a range. But with this, you can't exactly tell the market conditions that make it enter losing streaks. Overall not bad if you have the patience.

[@josiasloko8602]

@@victoramogu3708 thanks for your response

[@chrisbentley8545]

@@victoramogu3708 54% winrate with which risk to reward? and how many losing trades did you have ?

[@nicodottori4361]

I backtest the same strategy and your result are wrong.

[@victorgandia3183]

Which results you had?

[@josephhughes100]

Agreed my backtest didn't get the results shown in this video at all

[@abdihalimgfx5075]

What risk reward ,you used