this strategy can be applied on 2nd 1hour candle breakout also, in fact it will give good returns... please backtest it
Suresh_HR
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Can you please share your strategy?
S_u_n_i_l
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@Suresh_HR, its simple ORB strategy.. mark first 1 hour High and Low and wait for breakout and then take a trade.. i usually take target1-1:1,target2- 1:end of the day
R:R as per you
backtest the strategy for last one or two months and see the results
Avinashupp
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@S_u_n_i_l, can you please explain what (target1-1:1,target2- 1:end of the day) this means?
S_u_n_i_l
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@avinashuppada, target1:1 means my SL will be day low and target is range of that 1hr candle.
target 1:EoD means my SL will be day low and target will be 3:10-3:15pm.