I got this crazy idea I think might work.
1) Enter the trade at the open
2a) If you think price is going up set your TP to open + 100 pips and SL to open - 100 pips
2b) If you think price is going down set your TP to open - 100 pips and SL to open + 100 pips
According to the range indicator and by looking at the chart, it looks like there are 100 pips to make.
All it needs is a way to decide which way to trade at the open - long or short. I was thinking trade in the direction of the closest n.nn00 price because those prices seem to act like a magnet.
Any ideas?
Attached File(s)
#(T_S_R)-Daily Range Calculator .ex4
16 KB
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721 downloads
SweetSpotsGOLD.ex4
4 KB
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919 downloads
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