3 Tier London Breakout Indicator V3.3b MT4

Minimum Deposit:

• • The 3 Tier London Breakout Indicator doesn’t have a specific minimum deposit requirement. However, it’s advisable to have sufficient capital to manage risk effectively. A reasonable starting point could be $500 or more, depending on your risk tolerance.

Time Frame to Run:

• • The recommended time frame for using the 3 Tier London Breakout Indicator is the 5-minute (M5) chart. This timeframe aligns with the indicator’s breakout strategy and provides optimal signals.

Currency Pairs:

• • For optimum results, consider trading the following currency pairs:
    • GBPUSD (British Pound vs. US Dollar)
    • GBPJPY (British Pound vs. Japanese Yen)
    • GBPCAD (British Pound vs. Canadian Dollar)
    • GBPAUD (British Pound vs. Australian Dollar)
    • GBPCHF (British Pound vs. Swiss Franc)
    • GBPNZD (British Pound vs. New Zealand Dollar).

Strategy Overview:

• • The 3 Tier London Breakout Indicator capitalizes on the trading range preceding the London opening session. Since London operates in a separate time zone, the market opens several hours before the New York session, providing traders with opportunities.
  • The indicator draws buy/sell targets, indicating potential breakout levels. It also illustrates boxes on the chart (max/min, limit, and stick) within the price range.
  • Entry Buy signals occur after a breakout, indicating long positions, while Entry Sell signals indicate short positions.

Download and Installation:

• • You can download the 3 Tier London Breakout Indicator from our website.
  • To install it:
    • Extract the downloaded file.
    • Open your MetaTrader 4 platform.
    • Go to “File” > “Open Data Folder.”
    • Navigate to the “Mql4” folder and then the “Indicators” folder.
    • Paste the 3-tier-london-breakout.ex4 file into the “Indicators” folder.
    • Restart MetaTrader 4 to see the indicator in your platform.

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀

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