Trading on the first friday of each month
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This is my first post so be gentle.
After much (really, alot) of experimenting, something that someone said struck me. The biggest trade movements in a single day are on pairs where the USD is involved. The type of movements we are talking about are on the first friday of each month, and are caused by the announcement of employment levels in the US.
So, I wrote a very basic EA which would create a series of SellStops and BuyStops to allow for a swing either way.
This EA works best (obviously), on EUR/USD, USD/JPY, and GBP/USD. For some reason, not so good on USD/CAD.
There's still a lot of work I could do on here, although I would appreciate any ideas from those who are more familiar with the ins and outs of the FX.
Regards,
Evil Rabbit.