Trading strategy in easy language

[Stepanyan77]

The adviser remembers the closing of the previous day. At the opening of the next day, if the price is higher than the closing of the previous day, we buy and put a stop. Selling on the contrary is a toast if the price is lower than the close of the previous day, we sell. If the stop is triggered, we flip the position so until the end of the day if the price does not touch the stop, we hold the position until the end of the trading session. We close deals at the end of the day.

 

[MattK]

The adviser remembers the closing of the previous day. At the opening of the next day, if the price is higher than the closing of the previous day, we buy and put a stop. Selling on the contrary is a toast if the price is lower than the close of the previous day, we sell. If the stop is triggered, we flip the position so until the end of the day if the price does not touch the stop, we hold the position until the end of the trading session. We close deals at the end of the day.

this is Breakout Strategy