Quoting MicardoDislikedLlambert - The way I have been looking at it is you reset the orders every 24 hours. So yes you take the opening price at 00:00am GMT.
Brick911 - I haven't looked into any other pairs unfortunately otherwise I would offer some insight.
Markj - I have also considered taking profits at different levels but just needed to get a good insight as to the right levels. Your way seems very good, have you forward or backtested it... If so what are your reults... % Wins, and Pips Profit per month/week etc.
I am convinced this sort of strategy has potential simply for the fact that the market does on average range about 100 pips plus. So all we need to do is find a consistent place to enter and good exit strategy.Ignored
1) Do you ignore (or get rid of orders to get in) if neither have hit at a certain point, say 12 hours after 00:00GMT? (or what if you are in and after 12 hours target ins't hit, do you get out??)