I have never done the LOD signal without stops. Just look at how many times the options strike makes a new low of the day after its first low of the day. Killer. The additional trusted indicator is the key to taking the LOD and even than than can be easily stopped. Unless you are an extremely experienced day trader I would suggest sticking to the open signal and ignoring me anytime I talk about the LOD. Plenty of money to be made on the Open Signal.

P.S. Let me stress never trade without a stop loss. You get on the wrong side of a trending day and you will be disemboweled.