This is a mechanical strategy that works with pending orders. When a day begins, a Buy stop order is placed 10 pips above the Daily Open Price and a Sell stop order is placed 10 pips below the Daily Open Price.
When the price triggers a pending order, an opposite pending order is placed on the Daily Open Price till the Takeprofit is hit for all pending orders that were not triggered to be deleted until the next trading day.
The attached images will explain the strategy much more better.
In the images;
B - BUY
S - SELL