STRATEGY NAME – FOMC & NFP Hull Moving Average Strategy
FOR USE ON – NADEX & FOREX
FILE PACK TO DOWNLOAD – CLICK HERE TO ACCESS
EXPERT ADVISOR FOR THIS STRATEGY? – No
RULES –
First Entry ***riskier***
- H1 timeframe
- Load charts and template approximately 30 minutes before the release
- Approximately 5-10 minutes before the release of NFP or FOMC, enter a trade in the same direction as the hma is displaying
- Switch to the 15 minute timeframe
- After the formation of the first 2-4 candles, TP the trade (or already have a TP input when you first take the trade)
Second Entry ***My favorite and safest way to trade either news release***
- Approximately 1 hour after the release, enter a trade in the opposing direction in which price spiked
For Nadex Only Users:
If you only trade Nadex, you can also use this strategy by entering 1 OTM in the direction the hull moving average is displaying OR you can enter two OTM trades in opposite directions, so that if price moves against the hull moving average direction, you will still be able to take profit on one side with risking only 10-20
Setting a WO for TP is a good idea when taking these releases because price moves very quickly and sometimes it can be difficult to manage
VIDEO – password is slicktrade
These strategies work best on the major USD pairs
AUDUSD
EURUSD
GBPUSD
USDJPY
USDCAD
USDCHF