Eagle

Eagle is a contrarian strategy of Auric and generated signals which mostly go untapped. This algo uses the idea that reversal patterns can be mapped on indicators.

The algo uses inputs from the RSI as well to identify areas where the price does not agree with the RSI reading and a divergence is underway. Not only does this algorithm signal the weaking of the ongoing trend but also helps to capture trades at nascent levels.

These signals have stop losses at areas where a reversal would be considered invalid and based on entry prices, targets are calculated based on at atleast 1:2 risk reward ratio.

We recommend a holding period of 7 working days for this strategy.

How to Trade?

1. Try getting an entry near the mentioned entry price.

2. Put in a strict stop loss.

3. Reduce your holding by 35-50% when target 1 is hit. Then trail the stop loss to entry price.

4. Exit the trade after 7 days if neither stop loss nor target is hit.