Range Breakout on a timely basis
3 replies
Uwe6000
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?
tomas262
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
Uwe6000
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.
tomas262
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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