Intraday Movement Trailing: Pending Order Strategy

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.

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.