1400-1600 USD Breakout Strategy

Got this simple strategy from a forum. Daily Profit Potentials Around 30-50+ pips. It is also known to be 7AM-9AM New york Time

1. Pull out a M15 Chart for a USD Major pair, example like GBPUSD.
2. Draw 2 vertical line at 14:00 & 16:00 time on your Chart.
3. Draw 2 Horizontal line at high & Low of candles in between the vertical line.
4. Put a buy stop at the high with stoploss at the low
5. Put a sell stop at the low with stoploss at high
6. You may delete the sell stop order if the buy order is triggered and vice vesa
7. Targets Around 30-50pips or place a Trailing Stop of 15pips after target is achieved

Some points to note:

1. There are only 9 candles/bars in the 15 minute chart, between 1400-1600.
2. If the Distance between the high and low is less than 50-60 pips, it could be very profitable.
3. If the Distance between the high and low is more than 50-60 pips, it could be not very profitable.
4. If the price doesn't break the high/low, its a ranging market.
5. The USD news are usually released around or after the 14:00-16:00 phase.
6. The signals are only valid for the current day, Next day u again need to wait for the 1400-1600 time and 9 candles again.