Topic: newbie strategy advice
I would like to set a strategy that opens 1 hour after the market opens in Europe that is in the same direction as the overall movement in the previous ( asian) period, and which exits after a profit limit of say 40pips. ie if asian period GMT 00:00-08:00 has been positive then I want to open long at GMT 09:00 and close after a limit profit has been reached. similarly go short if asian period is negative.
any advice welcomed