Heres a simple oco (one cancels other) strategy used for breakout trading.
the rules are:
when price breaks either high or low of candle an oco position is taken in that direction.
stoploss will be candle low (long trade) or candle high (short trade). either a set amount of take profit is taken, or trade closes at designated time of day.
Ive attached screenshot descriptions for clarity. cheers
symbol
timeframe
trading start time choice (i.e 8:00am gmt)
trading end time choice (i.e 17:00pm gmt)
after first trade close
lot amount
take profit amount on/off