you're right in that as long as no order gets executed, there will be no stops in the market.
Those other systems I've seen used a minimum range to ensure that on a day with a narrow trading range (low volatility) no trades get executed.
bye
Ohka
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Dislikedguys... n gals..
i notice that this thread is quiet now..
why is that so?
does this mean that this system doesn't work in the long run?
or....
does it mean that this system is so simple that there's not much to tweek
or discuss n everyone is happy to have 50 or 100 pips perday. end of question..
hahaha.... laughing on the way to the bank...
miss all the discussion..Ignored
DislikedSystem: Find the maximum and the minimum between 18:00GTM and 2:00GTM and then put a buy stop order with maximum and a sell stop order with the minimum.
TP 100
SL 50
If close in S/L open again the stop orders.
Close the day if close in S/L for the second time.
Close the day if close in TP.
Do not change the SL and the TP
Closes orders manually only at the end of the day (18:00 GTM).
P.S- Sorry my englishIgnored