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).
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.
After 12:00 GMT Berlin Direction Force Index > 0.2.
MA 3 > MA 9:
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.