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Range Breakout on a timely basis

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Uwe6000

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6 years ago #232853

hello, I want to create a range breakout strategy on a timely basis. Example: Range 8 – 9:30 am. Breakout 10 pips above go long, breakout 10 pips lower go short. Stoploss long under low of the range and vice versa. How could I do that?

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tomas262

Administrator, sq-ultimate, 2 replies.

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6 years ago #232898

Hello,

is there any other rule like maximum range (number of pips) for that opening range? I can complete an example on this and attach

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Uwe6000

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6 years ago #232914

i like to check the range 8 – 9.30 am as example or  Stock market open at 3.30 pm. Then create a range from 3.30 till 4.30 pm.
If the market goes  short under the price range with one close M5 candle, open short position, set SL to High from range.

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tomas262

Administrator, sq-ultimate, 2 replies.

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6 years ago #232929

Hello,

this could do what you need which is ‘buy above’ or ‘sell bellow’ opening range. Let me know if any questions

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