Part 2 · Build the plan

05One position makes learning clearer

Two orders, one position, one clean result.

A multi-order approach places three buy stops above and three sell stops below. The practice adaptation is simpler: one and one as a linked pair. Only one position opens; when one fills, cancel the other.

Rule	Practice setting
Entry buffer	3 pips beyond each inside-bar extreme
Protective stop	At the opposite planned entry
Target	1R: the entry-to-stop distance projected in the trade direction
Pending expiry	The next full daily close after placement
Time exit	End of the third full daily candle after entry
Weekend rule	No Friday-close signals; close any remaining position Friday by 16:00 New York time

The linked order pair.

1Buy stop 1.1218: three pips above the inside high.
2Sell stop 1.1172: three pips below the inside low.
3The triggers are 46 pips apart. One cancels the other: the first fill cancels the opposite order.

Hypothetical illustration, not real market data.

Honest note

These are educational choices and need their own tests.

Key takeaway

One position at a time keeps every result easy to read.

Try it

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