Şimdi başlat

Londonopen

Apex Edge - London Open Session# Apex Edge - London Open Session Trading System ## Overview The London Open Session indicator captures institutional price action during the first hour of the London forex session (8:00-9:00 AM GMT) and identifies high-probability breakout and retest opportunities. This system tracks the session's high/low range and generates precise entry signals when price breaks or retests these key institutional levels. ## Core Strategy **Session Tracking**: Automatically identifies and marks the London Open session boundaries, creating a trading zone from the first hour's price range. **Dual Entry Logic**: - **Breakout Entries**: Triggers when price closes beyond the session high/low and continues in that direction - **Retest Entries**: Activates when price returns to test the broken level as new support/resistance **Performance Analytics**: Built-in win rate tracking displays real-time performance statistics over user-defined lookback periods, enabling data-driven optimization for each currency pair. ## Key Features ### Automated Zone Detection - Precise London session timing with timezone offset controls - Visual session boundaries with customizable colours - Automatic high/low range calculation and display ### Smart Entry System - Breakout confirmation requiring candle close beyond zone - Retest detection with configurable pip distance tolerance - Separate risk/reward ratios for breakout vs retest entries - Visual entry arrows with clear trade direction labels ### Performance HUD - Real-time win rate calculation over customizable periods (7-365 days) - Total trades tracking with win/loss breakdown - Average risk-reward ratio display - Color-coded performance metrics (green >70%, yellow >50%, red <50%) ### PineConnector Integration - Direct MT4/MT5 execution via PineConnector alerts - Proper forex pip calculations for all currency pairs - Customizable risk percentage per trade - Symbol override capability for broker compatibility - Automatic SL/TP level calculation in pips ## Critical Usage Requirements ### Pair-Specific Optimization Each currency pair requires individual optimization due to varying volatility characteristics, institutional participation levels, and typical price ranges during London hours. The performance HUD is essential for identifying optimal settings before live trading. **Recommended Testing Process**: 1. Apply indicator to desired currency pair and timeframe 2. Experiment with session timing - while 8:00-9:00 AM GMT is standard, some pairs may show improved performance with alternative hourly windows (e.g., 7:00-8:00 AM or 9:00-10:00 AM) 3. Adjust Stop Loss distances, Risk/Reward ratios, and Retest distances 4. Monitor win rate over 30+ day periods using the performance HUD 5. Only proceed with live alerts once consistent 60%+ win rates are achieved 6. Create separate optimized chart setups for each profitable pair/timeframe combination ### Timeframe Specifications This indicator is specifically designed and tested for: - **1-minute charts**: Optimal for capturing immediate institutional reactions - **5-minute charts**: Balanced approach between noise reduction and opportunity frequency Higher timeframes generally produce inferior results due to increased noise and reduced institutional edge during the London session window. ## Settings Configuration ### Session Timing - **London Open/Close Hours**: Adjust for your chart's timezone - **Rectangle End Time**: Set to 4:30 PM to stop signals before NY session close - **Timezone Offset**: Ensure accurate London session capture ### Entry Parameters - **Retest Distance**: 3-8 pips depending on pair volatility - **Stop Loss Pips**: Separate settings for breakouts (10-15 pips) and retests (8-12 pips) - **Risk/Reward Ratios**: Independent ratios for different entry types ### PineConnector Setup - **License ID**: Your PineConnector license key - **Symbol Override**: MT4/MT5 symbol names if different from TradingView - **Risk Percentage**: Position size as percentage of account balance - **Prefix/Comment**: Organize trades in terminal ## Manual Trading Limitations Without PineConnector automation, traders face significant practical challenges: **Settings Management**: Each currency pair requires different optimized parameters. Switching between charts means manually adjusting multiple settings each time, creating potential for errors and missed opportunities. **Timing Sensitivity**: London Open signals can occur rapidly during high-volatility periods. Manual execution may result in slippage or missed entries. **Multi-Pair Monitoring**: Tracking 4-11 currency pairs simultaneously while manually adjusting settings for each switch becomes impractical for most traders. **Parameter Consistency**: Risk of using suboptimal settings when quickly switching between pairs, potentially compromising the careful optimization work. ## Recommended Workflow 1. **Historical Testing**: Use win rate HUD to identify profitable pairs and optimal parameters 2. **Demo Automation**: Test PineConnector alerts on demo accounts with optimized settings 3. **Live Implementation**: Deploy alerts only on proven profitable pair/timeframe combinations 4. **Ongoing Monitoring**: Regular review of performance metrics to maintain edge ## Risk Disclaimer This indicator provides analysis tools and automation capabilities but does not guarantee profitable trading outcomes. Past performance does not predict future results. Users should thoroughly backtest and demo trade before risking live capital. The London session strategy works best during specific market conditions and may underperform during low volatility or unusual market environments. ## Support Requirements Successful implementation requires: - Basic understanding of London session market dynamics - PineConnector subscription for automation features - Patience for proper optimization process - Realistic expectations about win rates and drawdown periods This system is designed for serious traders willing to invest time in proper optimization and risk management rather than plug-and-play solutions.
Pine Script® göstergesi
ApexEdge tarafından
2
Sessions [TradingFinder] New York, London, Tokyo & Sydney ForexTiming is one of the influential factors in a trader's position. This indicator categorizes transactions into three sessions (Asia, Europe, and America). Five significant trading cities (New York, London, Frankfurt, Tokyo, and Sydney) are selectable. I recommend using the tool on a 5-minute time frame, but it is usable on all time frames. Settings: • Trading sessions: Display or hide each trading session as needed. • Color: Change the color of each box. • Session time intervals: The default is based on the main working hours for each time interval and can be adjusted. • Information table: Delete or display additional information table. Information Table: • Trading sessions • Opening and closing times of each trading session How to Use: Initiating trading sessions involves entering with increased liquidity, and the market usually experiences significant movements. Many trading strategies are based on "time" and "session openings." This tool empowers traders to focus intensely on each time interval. These trading sessions are crucial for all Forex, stock, and index traders: The total price ceiling and floor in the Asia session (Tokyo and Sydney) are crucial for traders in the European session. The European session starts with Frankfurt, and an hour later, London begins, collectively forming the European session. The dashboard provides additional information, displaying hours based on UTC. Customization options are considered in all sections so that everyone can apply their own settings. Important: Default times are the most accurate for each region, and in most indicators, this time is not correctly selected. Therefore, the level of influence and time intervals are specified at the beginning of each session. If you are using another indicator, match its default time to the announced time and share the results with me in the comments.
Pine Script® göstergesi
TFlab tarafından
15
LIT - TimingIntroduction This Script displays the Asia Session Range, the London Open Inducement Window, the NY Open Inducement Window, the Previous Week's high and low, the Previous Day's highs and lows, and the Day Open price in the cleanest way possible. Description The Indicator is based on UTC -7 timing but displays the Session Boxes automatically correct at your chart so you do not have to adjust any timings based on your Time Zone and don't have to do any calculations based on your UTC. It is already perfect. You will see on default settings the purple Asia Box and 2 grey boxes, the first one is for the London Open Inducement Window (1 hour) and the second grey box is for the NY Open Inducement Window (also 1 hour) Asia Range comes with default settings with the Asia Range high, low, and midline, you can remove these 3 lines in the settings "style" and untick the "Lines" box, that way you only will have the boxes displayed. Special Feature Most Timing-based Indicators have "bugged" boxes or don't show clean boxes at all and don't adjust at daylight savings times, we made sure that everything automatically gets adjusted so you don't have to! So the timings will always display at the correct time regarding the daylight savings times. Combining Timing with Liquidity Zones the right way and in a clear, clean, and simple format. Different than others this script also shows the "true" Asia range as it respects the "day open gap" which affects the Asia range in other scripts and it also covers the full 8 hours of Asia Session. Additions You can add in the settings menu the last week's high and low, the previous day's high and low, and also the day's open price by ticking the boxes in the settings menu All colors of the boxes are fully adjustable and customizable for your personal preferences. Same for the previous weeks and day highs and lows. Just go to "Style" and you can adjust the Line types or colors to your preferred choice. Recommended Use The most beautiful display is on the M5 Timeframe as you have a clear overview of all sessions without losing the intraday view. You can also use it on the M1 for more details or the M15 for the bigger picture. The Template can hide on higher time frames starting from the H1 to not flood your chart with boxes. How to use the Asia Session Range Box Use the Asia Range Box as your intraday Guide, keep in mind that a Breakout of Asia high or low induces Liquidity and a common price behavior is a reversal after the fake breakout of that range. How to use the London Open and NY Open Inducement Windows Both grey boxes highlight the Open of either London Open or NY Open and you should keep an eye out for potential Liquditiy Graps or Mitigations during that times as this is when they introduce major Liquidity for the regarding Session. How to use the Asia high, low and midline and day open price After Asia Range got taken out in one direction, often price comes back to those levels to mitigate or bounce off, so you can imagine those zones as support and resistance on some occasions, recommended in combination with Imbalances. How to use the previous day and week's highs and lows Once added in the settings, you can display those price levels, you can use them either as Liquidity Targets or as Inducement Levels once they are taken out. Enjoy!
Pine Script® göstergesi
Reimfx tarafından
35
Kviateq - Session PivotsFirst of all, I must say that this script wouldn't be possible without the help of one of the best script developers on TradingView - @ahancock (thanks a bunch for your help) This script draws opening ranges for each of the sessions - Tokyo, London and New York and plots session high, low and pivot range of the previous session. So if you trade London session - you would only take longs if we're above the Tokyo pivot range and vice versa for shorts. Often times previous session's highs act as resistance and lows act as support, so careful trading around those levels. It is obviously meant for lower timeframes, since each of the sessions only lasts a few hours. Default settings are set to the exchange that I use and my timezone (GMT +7), so you might need to adjust the settings accordingly. Tokyo - 12am GMT London - 7am GMT New York - 12pm GMT
Pine Script® göstergesi
hundredtoamillion tarafından
20
London Open Range Breakout by KviateqThis script is what I currently use to day trade forex on a 5-minute timeframe. The script features Multi-timeframe EMA20 that uses timeframe multipliers and is smoother by the factor by which you're multiplying your current timeframe. Default settings are set to display EMA20 on the current (M5) timeframe, as well as M15, H1, H4 and D1 timeframes. The background color changes intensity based on how many conditions are met - are all EMAs in the right order, is the current close above/below all the EMAs. Featured is also a range set to 1 hour since the London breakout (can be changed to M15, or however long you'd like - my current setting is 30 minute). Also featured are levels that I find to be of most importance - such as Daily and Weekly Open, Previous Day's and Week's Highs. The idea is to only take trades when all stars align - EMAs, break above/below the Opening Range and not to long/short into an important level.
Pine Script® göstergesi
hundredtoamillion tarafından
6