Anyone using bracket trading intra-day?
Looks to me like an easy strategy -
- select time-frame
- set a buy order at the high of the candle just completed, a sell order at the low
- if the high is breached and the buy triggers, exit and cancel the sell order at the first higher close
- if the low is breached and the sell triggers, exit and cancel the buy order at the first lower close
- then repeat the process
No indicators, no decisions, no trend evaluation, no pattern identification.
Can it really be this simple?