volatility breakout, reversal system

[Paul Cote <cote@xxxxxxxx>]

Realtraders:


I have traded a volatility breakout system with a short term target,
however, I am considering a volatility breakout using reversal.  Has
anyone ever tried or tested this?  

An example would be, when the market moves 120% of one day's range off
the close in either direction, buy (if up) and sell(if down).  Then, put
in orders every day to reverse if the 120% of the day's range hits,
otherwise, stay with the trade.  

If anyone has tried such a system, please let me know how it worked,
what you liked about it or didn't like.

thanks,

Paul Cote