127# End of Day Binary Strategy

Direction Force Index

Submit by Joy22

End of Day binary system is a strategy for trading, the main purpose is the projection of the price at the end of the day. It is based on on Direction Force Index developped by Madlen. This Strategy is also buid for intraday trading on the Indicies, Stocks and Commodities.

Time Frame 30 min or 60 min.

Markets: Index, Stocks, Commodities (no Currency pairs).

Index: S&P 500, Nasdaq, Dow Jones, FTSE, DAX

Hours: 12:00 24:00 GMT Berlin, (Index: S&P 500, Nasdaq, Dow Jones, FTSE, DAX).

Hours Stocks S&P 500 (17:30 -22.00)

Expiry time: end of the day 24:00 GMT Berlin ( for USA Index)

for Stocks S&P 500 22:00 (GMT Berlin).


Metatrader Indicators:

Direction force Index indicator (20) with levels 0.2 and -0.2 as filter of false signals.

Moving Average smoothed 3 period, close;

Moving average smoothed 9 period, close.


Trading rules End of day Binary Strategy


After the 12:00 (GMT Berlin).

Wait that the Direction Force Index is > 0.2 or < -0.2.


Buy Call

After 12:00 GMT Berlin Direction Force Index > 0.2.

MA 3 > MA 9:


Buy Put

After 12:00 GMT Berlin Direction Force Index < -0.2.

MA 3 > MA 9.


Exit position for intraday trading with predetermined profit target, but to close all position at the end of the trading session.


Vantages: high profitability and simple and clear trading method.

Disavantages:You have to constantly monitor your computer.

In the pictures End of Day Binary Strategy in action.

End of Day Binary System
End of Day Binary System
End of Day Binary System
End of Day Binary System
End of Day Binary System
End of Day Binary System
End of the day binary System.rar
compressed file archive 16.6 KB

Write a comment

Comments: 5
  • #1

    Jay (Sunday, 19 April 2015 03:00)

    Hi, I'm hoping to get a little clarity on the times. Is it Gmt or Berlin? (there is a time difference)

    Thank you
    Jay

  • #2

    piero (Saturday, 02 May 2015 15:07)

    hello I wanted to know if the direction indicator Force index repain
    thanks

  • #3

    Admin (Saturday, 02 May 2015 21:54)

    It works well on stock indices, equities, commodities and no repaints.
    Try also the setting range from 14 to 11 periods.

  • #4

    iuly (Thursday, 14 May 2015 13:44)

    What MT4 offer stock indices, equities, commodities ? Thanks very much in advance.

  • #5

    easytrader (Saturday, 18 July 2015 12:24)

    Hi admin,which period by this "Try also the setting range from 14 to 11 periods."-do you mean the MA periods?