Lunch Break Fade targets reversals that develop during the slow midday period.
After the morning session, trends often pause or pull back as volume dries up around lunchtime.
The strategy fades the morning move around noon, entering counter to the prevailing direction and covering before volume returns.
A percent stop manages risk if the trend resumes instead of fading.
Entry Criteria: indicator signal
Long/Short: Both
Exit Criteria: stop-loss or opposite signal
Stops: Yes, percent based
Default Values:
CandleType = 15 minute
StopLoss = 2%
[*]Filters:
Category: Intraday
Direction: Both
Indicators: Price Action
Stops: Yes
Complexity: Intermediate
Timeframe: Intraday
Seasonality: No
Neural networks: No
Divergence: No
Risk level: Medium