London 9 AM Breakout EA with Pending Orders and Multi-Symbol Tests

Summary

This automated strategy places a buy stop and a sell stop around the current price at a configured time corresponding to 9 AM London time. The trader sets the time offset, entry distances, order size, take-profit level, and separate stop-loss levels for each side. A later close-hour setting can close open positions and remove pending orders, and a reporting interval controls how often trading statistics are displayed.

The document reports tick-mode tests across multiple forex pairs. Results vary substantially: several pairs show positive profit, while others lose money, and reported equity drawdowns are often large. These results describe the listed tests only; the document gives no test dates, sample rationale, transaction-cost assumptions, or evidence that the settings generalize. The table therefore illustrates variation across symbols rather than establishing a robust or deployable edge.

Key ideas

• The EA schedules both buy-stop and sell-stop orders around the current price at a specified London-time hour.
• Entry distances, lot size, take profit, and separate stop losses are configurable.
• A close-hour option can liquidate positions and cancel remaining pending orders.
• Reported tick-mode results differ widely across forex pairs and include substantial drawdowns.
• The document does not provide enough testing context to establish out-of-sample performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.