The system is very easy, just simple calculation based on previous candle
We take the previous D1 candle (example: we are at the first tick of Tuesday we look at the
yesterday D1 candle) and we make this calculation:
((CLOSE-LOW)/(HIGH-LOW))*100 = X
X is how far the market close from the top or the bottom
Case 1, Long:
If X is bigger than 75 (75 si an example, I setted this number before called N(up)
Size:

Is a fixed % setted before. The system adjust the size based on the risk.SL is
(ATR21/4) in points
BuyStop:
TodayOpen + (ATR21/4)
StopLoss: TodayOpen
TakeProfit: ((YesterdayHigh-YesterdayLow)*0,45) (ProfitFactor 0,45 setted before)
Case2, Short:
If X is lower than 25 (25 si an example, I setted this number before called N(do)
Size:

Isa a fixed % setted before. The system adjust the size based on the risk. SL is
(ATR21/4) in points
SellStop:
TodayOpen – (ATR21/4)
StopLoss: TodayOpen
TakeProfit: ((YesterdayHigh-YesterdayLow)*0,45) (ProfitFactor 0,45 setted before)
I must be able to decide:
N(up) = in the example before I put 75
N(do) = in the example before I put 25
ProfitFactor = in the example before I put 0,45
%Risk per trade
Very impotrant: the system works in from Monday to Friday.
If we are at the first tick of Monday the system will make the calculation based on Friday
candle (this is very important for the forex market).