Trading the London Opening Using the Big Ben Strategy

Here’s a small bonus for my readers. I recently came across the Big Ben Trading Strategy while looking for systems that trade the London opening and I’ve been meaning to learn more about it. In a nutshell, this is a breakout strategy that is used to trade the pound during the volatile 2 hours after the London opening. You can download the strategy here: http://fxtradingreviews.com/guides/BigBenTradingStrategy.pdf

The Big Ben Strategy is the basis of the London Forex Rush System, a popular commercial trading system with indicators, automated entry and exit calculations etc. Personally I have not tested either of these systems, but the concept does have a lot of merit and I would like to look into this in more detail in the future. Please feel free to comment if you have tried any of these 2 systems.