Originally Posted by mickD

Just want to throw this open for discussion. Maybe it's been done before but maybe someone can add something to it.

...OK? Now if we assume from the data that when the price goes off by say 40 pips from the open (2100 GMT), the bigger chance is it continues in that direction instead of coming back to the opening price. Couple that with having a bigger t/p than s/l and the potential is there to see.

So we take the open price, add and subtract 40 (my figure), straddling the open in effect, set the s/l at 40 (back at the open price) and let the t/p go to the end of day OR a t/l of, say, 80. We can automate this using the Amazing EA.