London Session Breakout Box MT5
AP London Session Breakout Box MT5
Set-and-forget breakout for the London open.
The EA builds a 07:00–08:00 server time box, places Buy Stop/Sell Stop with a user-defined buffer, puts SL at the opposite side of the box (optional extra), and targets a clean R-multiple take profit. Orders auto-expire the same day and the EA arms once per session—no spam, no martingale, no grid.
Why traders like it
- Simple logic, strong controls. One clear setup per day with hard SL/TP and spread/margin checks.
- Works across majors. The London open often delivers a first burst—this EA is designed to catch it.
How it works
- At 08:00 (server) the EA reads the high/low of the 07:00–08:00 window.
- It places pending Buy Stop above the box and Sell Stop below it, each with your buffer (points).
- SL is set at the opposite side of the box (+ optional extra points).
- TP is an R-multiple of the SL distance (e.g., 1.5R or 2R).
- Opposite pending is canceled on fill (optional). Unfilled orders auto-expire at your chosen time.
Key features
- One placement per session (optional)
- Cancel opposite pending on fill (optional)
- Hard SL/TP; fixed lots or % risk (ATR-free)
- Spread guard and stop-distance guard
- Dual margin check (pending reservation + trigger at entry price)
- Netting & hedging aware
- Optional Trend Filter (EMA 200 on higher TF)
- Quick-exit module (time/partial-R take-profit)
- Clean logs, single magic number per chart
Inputs (most used)
- Session: Start/End (server time), Box timeframe (default M5)
- Placement: Buffer (points), SL Extra (points), TP R-Multiple, Pending Expiry (hours)
- Risk: Use Fixed Lots (or % Risk), FixedLots / RiskPercent
- Filters: MaxSpreadPoints, TrendFilter (TF/period/method)
- Housekeeping: OneSetPerSession, CancelOppOnFill, Magic, Comment
- Quick Exit (optional): enable, minutes, QuickTP_R, QuickTP_MinPoints
Best practices
- Keep MaxSpread realistic (30–50 pts on EURUSD/GBPUSD).
- Avoid Mondays/Fridays for cleaner screenshots and steadier stats.
- Start with FixedLots 0.01 and a moderate TP 1.2–1.5R; raise targets per symbol only after tests.
- Use the Trend Filter (EMA200/M15) to reduce false breaks on range days.
FAQ
Q: What time does the EA use?
A: Broker server time. The default box is 07:00–08:00 server; adjust if your server isn’t GMT±.
Q: Which symbols/timeframes?
A: Designed for majors on M5 (EURUSD/GBPUSD/XAUUSD); the box is built on your chosen TF (default M5).
Q: Netting or hedging?
A: Both. The EA uses magic numbers and cancels the opposite pending on fill (optional).
Q: Does it hold overnight?
A: No. Unfilled pendings auto-expire the same day at your set hour.
Q: Any martingale, grid, averaging, or DLLs?
A: None. Hard SL/TP only. Single EX5.
Disclaimer
Trading involves risk. Test on a demo first, use small risk, and adjust settings per symbol and broker conditions. Past performance does not guarantee future results.
AP London Session Breakout (MT5) Set-and-forget breakout for the London open. The EA builds a 07:00–08:00 server time box, places Buy Stop/Sell Stop with a user-defined buffer, puts SL at the opposite side of the box (optional extra), and targets a clean R-multiple take profit. Orders auto-expire the same day and the EA arms once per session—no spam, no martingale, no grid.