The “timed stop” forex strategy is relatively simple and is a good criteria for a beginner of forex. Prior to taking a position, the forex trader decides how long he/she would like to stay in the trade. The decision may be based on personal time constraints reasons it may be purely technical (and likely should be).
Technically timed stops may include exiting at the end of the U.S.(European, Asian) session. It may also use averages. For example, if a forex trader finds that the average intra-day trend lasts four hours in a particular currency pair before reversing, he/she can use this as a time constraint on the position Furthermore, forex strategies such as Fibonacci time zones may be used, or if a news event is upcoming, the trader may wish to exit prior to the news announcement time.