fxtrader12

[...] There are traders that can't sleep at night (myself included) with open positions in the market while other can't spend the required time "staring at the computer monitor" (as they put it) daytrading the markets. [...} "mechanical trading" or "set and forget" (probably the same) allows one to sleep at night while scoring pips. To cover market 24 hours needs a coop of at least 3 people on 3 continents, each staring at PC 8 hours (8h x 3 = 24 hours) and waking one another for resetting the trades when market direction change. 3 separate accounts while observing charts with same indicators. [...?..]

Statistics is definitely a better way of tackling the issue (issue: to stay in the trend overnight or not).

[...] Holding positions overnight exposes you to substantial and unnecessary risk. How about holding position overnight on trailing stop? Some trends continue overnight...

Unreliable on its own. Always remember as rule, that previous (historical) results are independent of subsequent (see official version of probability theory). Any idea built on previous price action is BS.

at your vol spike, the RSI was crossing 1/2. And if you were uncertain about this cross, you should've checked the lower time frame. So what is the issue? Forget trading 1 min maybe is the point?