This system is based on EURUSD pair and 1H timeframe.
RULES:
.- Put BUY STOP and SELL STOP at 0:00 hour in GTM+1 on the round numbers above and below of the current price.
TP is 100 pips and SL is 100 - spread.
Example:
The current price is 1.4138, so, put BUY STOP at 1.42 and SELL STOP at 1.41
When the first limit order is open, DOUBLE THE OTHER STOP ORDER
POSSIBLES SITUATIONS:
1.- Hit TP:
Close the other stop order and wait for the 0:00 hour
2.- Hit SL and the other stop order is open:
let it run. if we hit TP wait for 0:00 hour
if we hit SL wait for 0:00 hour and double again the two stop orders
3.- Hit SL BUT NOT open the other stop order:
let it run. if it's open before 0:00 hour, continue and if TP is hit, wait for 0:00 hour. if SL is hit, wait for 0:00 hour
and double again the two stop orders.
if it's 0:00 hour and not was open, close it and start again with the same size lot for the two stop orders.
4.- at the end of the week if you have position open, close it:
if it's losser start calculating the double of your recent loss on sunday
if it's winner start normally
Take in mind that this system use martingale, risk according to your possibilities
RULES:
.- Put BUY STOP and SELL STOP at 0:00 hour in GTM+1 on the round numbers above and below of the current price.
TP is 100 pips and SL is 100 - spread.
Example:
The current price is 1.4138, so, put BUY STOP at 1.42 and SELL STOP at 1.41
When the first limit order is open, DOUBLE THE OTHER STOP ORDER
POSSIBLES SITUATIONS:
1.- Hit TP:
Close the other stop order and wait for the 0:00 hour
2.- Hit SL and the other stop order is open:
let it run. if we hit TP wait for 0:00 hour
if we hit SL wait for 0:00 hour and double again the two stop orders
3.- Hit SL BUT NOT open the other stop order:
let it run. if it's open before 0:00 hour, continue and if TP is hit, wait for 0:00 hour. if SL is hit, wait for 0:00 hour
and double again the two stop orders.
if it's 0:00 hour and not was open, close it and start again with the same size lot for the two stop orders.
4.- at the end of the week if you have position open, close it:
if it's losser start calculating the double of your recent loss on sunday
if it's winner start normally
Take in mind that this system use martingale, risk according to your possibilities