hello sir, any explanation on this strategy ? is that market always rally up on Tuesday. this strategy look good. thanks for script.
processingclouds
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@azmanmustafa, When market opens on Monday i.e. after a weekend break, prices are volatile and can jump up or down. We wait for prices to settle down by days end and than go long as we expect to do much better the next working day.
If by next days end , the price does not reach take profit, we exit the position as the stock did not rally up.
Also as stop loss is set, if in case the market goes downwards, we get out with our expected max loss.