Note: This system was conceived of using the GBP/USD, it might or might not operate on additional pairs.
For this particular system, you use 4HR charts. Each day at 8:00 GMT you set your transactions.
We are using the price range of this 4:00 GMT pub as the foundation from which to set our transactions.
Every day you set your transactions in the close of this 4:00 GMT 4HR pub, which will be at 8:00 GMT, which can be 4:00'm EST..
Buy a break of the high of the 4:00 pub, Sell a break of the low. Stop is another side of this pub.
Utilize a 10 pip buffer to consider a transaction triggered! lt;--KEY POINT!
One Stop and Reverse order is permitted per day (at your discretion). Consequently, if your stop is hit, you may if you like start a new order from another way.
There are 6 four-hour periods a day. You shut out 1/6th of this transaction after each 4HR pub closes, so finishing up every day the next day as you are opening a new commerce.
If you wind up getting a great move early, shut out more harshly.
If you become triggered later in the afternoon, with state just 2-4 bars left, be certain to have closed out the commerce entirely at the end of this 6th 4HR pub.
Always start the next day fresh!