I think someone in the trade room mentioned a trade they called the “Strudel” Trade. I was looking around and found some information on it:
Instrument: German DAX
From what I can tell, these are the rules:
At 7AM EDT start by looking at a hourly candlestick chart.
Watch the 7AM EDT candle to see if it closes green (bullish) or red (bearish). That will determine whether you’re going to buy (green) or sell (red)
If its bullish (green) then buy the first Nadex strike below the close of the 7AM EDT hourly candle with a 9AM EDT expiration time.
If its bearish (red) then sell the first Nadex strike above the close of the 7AM EDT hourly candle with a 9AM EDT expiration time.
That’s it. No other indicators. Should probably take any News announcements into consideration.
You can be more conservative by letting the last candle in the 7AM EDT hour close, then do the trade. You can also chose strikes further away that will vary your risk/reward ratio.
This is NOT an APEX trade or strategy. Demo it before trading it. Provided for educational purposed only. Cam White seems to have worked this trade out for Nadex.