THG Straddle Trader Diamond v2.8.2

Description

What is Straddle buying and selling?
Straddle buying and selling is solely a technique of putting two pending orders, a purchase cease above the
present worth of a forex pair and a promote cease under the present worth of a forex pair. Traders use
this technique once they anticipate the continuation of present worth motion or development, or to take
benefit of fast spikes in worth on the launch of reports data. The primary idea of straddle
buying and selling may be very straight-forward: you place a pending purchase order simply above the present worth and a
pending promote order slightly below the present worth (in our case: earlier than a information is launch) and also you watch for
one in every of them to set off when the worth breaks out of the vary (this breakout happens in a short time when
this can be a spike trigger by a information launch).
The thought is that worth will spike sharply in a single course when the information is releases and since you’ve
pending orders in each instructions, you’ll make a revenue irrespective of which course the breakout
occurred to. This seems like an amazing technique in concept, however sadly it’s by no means that straightforward in
apply.