EURAUD End of Day Strategy
Introducing an End of Day (EOD) strategy that can cut down the amount of time spent at the charts.
The indicators look complicated and anyone who says you should aspire to naked charts is correct.
However, for this strategy, automating the process as much as possible lends itself to having some filters, triggers, etc.
Managing the trade is done manually and two positions are initiated at the start of the trade.
With an EOD strat, you don't necessarily need to worry about the fundamentals that happened during the day, as all of the news is priced into the last candle that closed.
I would stress that selling low to buy lower and buying high to sell higher is the aim of this strat and that you should be aware of previous swing highs and lows.
The indicators look complicated and anyone who says you should aspire to naked charts is correct.
However, for this strategy, automating the process as much as possible lends itself to having some filters, triggers, etc.
Managing the trade is done manually and two positions are initiated at the start of the trade.
With an EOD strat, you don't necessarily need to worry about the fundamentals that happened during the day, as all of the news is priced into the last candle that closed.
I would stress that selling low to buy lower and buying high to sell higher is the aim of this strat and that you should be aware of previous swing highs and lows.
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