Risks: no stoploss = Possibility of being margin called
Benefits= takes 5 seconds to enter the trade once a day
Indicator shows that if you had bought at daily close, you would have been profitable 88 out of 90 days within 24 hours for the past 3 months. The other 2 days would have been in drawdown but would have eventually profited.
Wish me luck.
study(title="2 pip scalp", shorttitle="MO", overlay =false) x=security(tickerid,'D',high) y=security(tickerid,'D',low) z=security(tickerid,'D',close) //directions- at daily close enter a buy for 2 pips and go for .25% a day = 7.5% a month = .90% buy=(high-close)*10000 sell=(low-close)*10000 a=iff(buy>2,2,0) b=iff(sell<-2,-2,0) plot(a,color=green) plot(b,color=red)