BY  isydeb 

OK, let me start by saying that this is a purely mechanical system. There are many versions which I will later post but this one is the core concept.

It is based on the principle that the market has to move, so we are counting on volatility to help us out. No indicators, no continuous monitoring needed.

1. Oanda is your best choice if you plan to try this out. They have a good spread, you can trade directly from the charts, and your positions can be as small as your money management can afford.
2. Oanda cancels a buy and a sell on the same currency pair (hedge) so you need to open a sub-account, and divide your money equally among them. So if you have a $10,000 account you would have $5,000 on the primary and $5,000 on the sub-account.
3. For this system I only trade the EURUSD since it has the lowest spreads, which is very important.
4. Anytime between 22:00GMT or 0:00GMT place your orders. Let's say your primary account will manage the long trades and your sub-account the short ones.
5. Primary account.- Place your limit buy order on the next multiple of 20 and 4 more to follow 20 pips apart from the previous one. NO stop loss, NO take profit. e.g. if the price is 1.4572 you would enter 5 orders to buy at the following prices, 1.4580, 1.4600, 1.4620, 1.4640, and 1.4660.
6. Sub-account.- Do the same as above but to the short side with sell orders. e.g. 1.4560, 1.4540, 1.4520, 1.4500, and 1.4480.
7. Money management.- VERY important, each of your orders has to be exactly for the same number of units and it should be allocated as follows: 300 units per $100 dollars on the account, that is a 3 cent pip. So in our example, our account after splitting it is $5,000 so we will buy and sell 15000 units per order.
8. Wait for a big move. You will have several scenarios when you come back next day at the same time. Maybe, only one side of your orders were triggered and you only have positive pips. Maybe one order on one of the sides was triggered and two on the other side.
9. You will most likely have positive and negative pips or only negative pips. But only close all your positions when in profit. e.g. you have a 100 positive pips on the long side but a 50 negative pips on the short side, you should close all for a profit of 50.
10. If the market went 100 pips up and 100 pips down and then came back to 1.4570ish, you will have 200 negative pips (hence the Money Management) DO NOT CLOSE your positions until you are in profit.
11. When and if you have taken your profit, repeat the process.