Reverse Straddle is basically anticipating a news to be weak and the trend it will create will reverse on itself.
EA will be activated on specified time (news time).
1. Once a movement of at least X pips is made, the EA will now record the peak;
2. once a reversal of Y pips down is seen from the peak, EA will now execute a SELL. AND HOPE that it will keep going down.
As an example, we could have used this earlier when AUD released their Trade Balance data.
EA will be activated on specified time (news time).
1. Once a movement of at least X pips is made, the EA will now record the peak;
2. once a reversal of Y pips down is seen from the peak, EA will now execute a SELL. AND HOPE that it will keep going down.
As an example, we could have used this earlier when AUD released their Trade Balance data.
