There are similarities with the two systems, likewise there are enough differences to make them quite different. One works at 08:00, one at 09:00, one just on cable, the other on cable (and others if one wants to), one has a strategy for false break-outs, one doesn't, one uses multiple lots, one doesn't, etc.

Hope it helps.

Originally Posted by Rugby Trader

hmm, means i'll have to get into work a bit earlier, but if it makes me money and also makes me look good in front of my bosses it can't be all bad!

If you're looking for another system to make you look good in front of your boss you might want to wait until LFO is a little more consistent. Check out their web site - its not performing very well at the moment even though historically I believe it has been good. Ive been trading it during June and July and my trading account is hurting because of it. Im only sticking with it for now because it has done so well in the past.

Good day Reviewteam,
Firstly thanks for a very useful website. I've been looking for something like this for ages!
I am about to do something I vowed I'd never do again and that is purchase another fx trading system.
It would seem that this system (London Forex Open set time) definitely has your approval. Would I be wrong in thinking it is one of the best systems that the team has tested?
Best wishes,
Basil.

Hi,

We are glad you like the website.

LFO is one of the systems currently on our Systems We Use list, this means we trade it on our own accounts and publish all of our results, usually in the Trading rooms on a daily basis and always on a monthly basis in the Journals section. We do not recommend any systems we review we simply identify the ones which we continue to use - As to what's the best system - Hopefully you don't mind if we get back to you on this point in 2020!

Our monthly trading journal for London Forex Open has been updated for July - the link is here.

I have just taken the plunge with LFO. Despite a couple of poor months I think c 30% for the half year is pretty amazing. Hoping I've missed the dip... the momentum has been lacking a lot of days and though this may continue in August we should be back to normal in September. Anyway I hope to join you in the trade room from tomorrow assuming I have conquered the set up. H

Hiya,

Welcome to Systems For Traders and we look forward to seeing you in the Trading room.

Good day,

I seem to have missed something as IGINDEX recently informed me that, as they provide 'deal through' advanced charts, their trading platform is not compatible with MT4. Has this changed?

Basil.

Perhaps we have missed something too as we do not know what you mean.

Here is a link to the zip file of back-tests provided by Sam from the LFO trading room.

They are quite self explanatory.

Click here to download the zip file.

Please note, at present it does not take into account trading after holidays, not before news, etc. If this gets sorted we will post updated results here. If you have any queries relating to these results please join in the more active thread - The LFO Trading room - here.

Thanks once again to Sam for this data.