Currency pair: GBPJPY, AUDJPY, EURJPY, CHFJPY, CADJPY
This strategy is designed for the period of a week.
After the opening of the market on Monday we shall wait for the closure of the first four-hour candlestick. Pending order Buystor can be placed 20 points above the highs of this candlestick, while Sellstop order shall be placed 20 points below the lows.
The value of stop-loss will be equal to the price of the opposite order, while take profit will be twice as much as the value of stop-loss.
If the profit of the opened order reaches the value of stop-loss, the order shall be moved to the breakeven zone.
Cancel or close orders only at the end of the week regardless the fact whether your goals have been achieved or not.