DislikedAs per Nicotina's instructions:
System: 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).Ignored
Thanks for the reply, I'm familiar with the original set of rules. I think Monday someone had mentioned that the high/low was right at 0200 GMT so they were waiting for a retrace. I didn't know if that was common practice for this system or not. I was looking to see what those who have been using this system are doing. Waiting for the retrace or not?
I'll stick with Nico's plan for now, seems solid.