EDGE #5: London Open Stop-Order Breakout (Tue–Thu)
At 07:00 server time, Tuesday to Thursday, places a buy stop 20 pips above and a sell stop 20 pips below the price. When one fills the other is cancelled, and anything still open at 20:00 is closed. Hours assume a GMT broker server.
Tested on EURUSD M1, 2024-10 to 2026-10
- Profit factor, year 1 / year 2
- 1.09 / 1.3
- Trades
- 187
- Max drawdown
- 11.3%
- Timeframe
- M15
Open in QuantForge
Free account. The template opens as a new project you can edit, backtest and export.
Past results on one symbol, from one broker’s data. They do not predict future results: test on your own data and on a demo account first.
Inputs you can tune
| Input | Default | |
|---|---|---|
MagicNumber | 930005 | Identifies this EA's trades |
BreakoutOffsetPips | 20 | Stop orders this far above and below the 07:00 price |
StopLossPips | 20 | Stop loss, pips |
TakeProfitPips | 40 | Take profit, pips |
StartHour | 7 | Server hour the orders are placed |
RiskPercent | 1 | Risk per trade, % of equity |
CloseHour | 20 | Server hour open trades are closed |
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