London forex rush system

[emargee]

Hi has anybody ever traded the above system, its by an American guy called Al Russel, and he trades the GBP only on the opening of the London market between 0700/0900GMT. Any advice about this system would be gratefully accepted, Mike U.K.

[IDR]

There's a lot trading system that based on London opening. I don't know about the one you stated, but there's other called Big Ben Strategy. It's a breakout system with highest and lowest point from Frankfurt Open (1 hr prior to London) to 1 hr past London Open as Upper and Lower treshold. Give or take 5 to 10 pips tolerance, if it broke, you buy or sell and put stop loss 1 pip away from the opposite treshold. Close half your position at 40 pips profit and trail-stop the rest.