Since it is a daily system the logic behind it can be described as simply following the daily trend. I would recommend using a previous day's range for stops + couple of pips on top for this strategy.

Thus, when a new daily candle appears on the chart, which is happen at midnight, the earlier you find out about an update the faster you can react on it. It is a very simple Forex trading system that is a pleasure to use for traders with a busy schedule.

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