My strategy is set on daily bar that means that every day a price
will
register on the chart and the bar will show opening, high, low and
closing prices that the pair has been traded at for that particular
time. The value of the next bar will then fluctuate as the price move
until the end of the next bar at which point the next bar is sealed,
and so on..So you can see my trading strategy is based on some Daily
Pivot Points. If pivot point (today open+20pips) greater than
yesterday's close price or today's open price then buy
without
stoploss and takeprofit. If pivot point (today open-20pips) less than
yesterday's close price or today open price then short without
stoploss and takeprofit, at one o'clock the position will be
closed.
My trading currency pair is eur-jpy and volume is
3.5milion.