1st of all english is not my main lang so hope u guys understand what i trying to say here..
i dont have time to backtest this strategy so hope u guys can help each other out
Okay open weekly chart i like GJ next put horizontal lines at each 00 numbers, for example 123.00, 124.00 and so on just like below
Now make sure ur brokers allowed hedge/hedging, cuz each time new weekly candlestick come out (sunday/monday) u need to buy and sell at the same price/level (remember the horizontal lines 123.00, 124.00 and so on?) for example look picture below
Okay now focus on long black candle, imaging it not happen yet, imaging its sunday/monday price open right above 128.00 so now what u gonna to do is pending buy and sell at 128.00 with SL-100 each. As u can see price go down almost touch SL (127.00) next price goin up and hit 129.00 (your sell will hit SL) move your buy SL to BE
Exit: this will be tricky part, well not really tricky but i will go for +100 in this case if price hit 130.00 (200 - 100 = +100) So its either u will get 100 pips or will lose -100
This is when i dont have time to backtest it, hope anyone out there can maybe use it and who know it might work for you...good luck..