Intraday Movement Trailing: Pending Order Strategy
The "Intraday Movement Trailing" strategy is a simple yet efficient method to capture the main daily move. It relies on placing pending orders based on the previous day's closing price and volatility, allowing traders to automate their entry without constant monitoring.
Strategy Profile
Timeframe
H1
Pairs
Majors (EUR, GBP)
Type
Breakout / Pending
1. Order Setup
Calculate your entry points based on the previous day's candle:
- Calculation Base: Use the previous day's closing price and 40% of its total range (High - Low).
- Buy Stop: Place at: Closing Price + 40% of Daily Range.
- Sell Stop: Place at: Closing Price - 40% of Daily Range.
2. Execution & Management
Once orders are placed, follow these rules:
- One Cancels Other (OCO): If one pending order triggers, immediately delete the other one.
- Stop Loss: Set 40 points away from the entry price.
- Trailing: After the price moves 50 points in profit, move Stop Loss to breakeven or trail it.
- Expiration: Delete pending orders if not triggered by the end of the day.
Automate Your Day: Set your orders in the morning and earn cashback while you work.
⚠️ Disclaimer: The content of this article is strictly for informational purposes and does not constitute investment advice. FXRebate is a rebate and affiliate service, not a broker or fund manager; responsibility for trades and funds lies exclusively with the third-party broker. Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. Partner links used do not generate additional costs for you.
