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We can think here all the ideas !!!
Yesterday I create and indicato that show “low[1]-ATR” and ” high[1]+ATR” in many configurations and multiples for the average true range. Then with an drawellipse I could spot easy when the high or low crosses these levels.
i can imagine something like @Nicolas says…. a system that always open a pending limit orders in an strategic levels in case there is an euphoria or panic in the market.
The issue is that it can open many losses trading.
another approach is to have a list of days and moments when there are data release and move the markets… and open limit orders just before.
exit conditions and stops are very important here as @GraHal says.
l’m looking forward to read your thoughts