This is a variation of the LBO2030 or 2020 robot. The only thing is to change it to LBO3030.
Meaning that the robot will only be activated when lodong opens on pending order on opposite position equally for TP and SP. This is only for GBPUSD alone as it is sure a mover (at least most of the time)
I think this type or robot was done before but it was abandon as it was not a London Breakout one rather than opening trades all the time. It hit bad during ranging markets (during non active markets) and depleted the fund as it runs on Martingle. So this is a new one.
Lets discuss how it will react. Remember this one has the element of Martingle !!
When London opens 8am in London 4pm Malaysian and 10am Server, A buy is open with 15pips offset, TP of 30 and a SL equally of 30. This goes the same for the short trade.
The price would either go one way and hit a TP or it would zig zag between the 2 trades before finally going in 1 direction and thus hit TP
Different scenarios. Take 1pip = $1
1. A straightforward break out hitting 1 TP (the opposite PO is deleted) Profit $30
2. Trigger 1 trade but turn round trigger the other one, hit SL of the 1st trade and breakout of the 2nd out resulting in -30 + 30 = $0
3. As per 2 sequence but instead of going for the breakout it turn back and hit another SL. But it entered another trade with double the money and hit TP with profit -30-30+90=30
WAIT A MINUTE LET IT WIN EVERYTIME !
