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Whose straddling Fx news?

CrazyTrader (CrazyTrader)
Jul 04 2014 at 12:39
1718 posts
Dear traders,

I have browsed quickly about straddle strategy to take advantage about Fx news.

Most of the topics on forums are very old.

Does Straddle is a forgotten Fx tactic?

Anyone is still straddling news manually or semi auto like with Amazing_EA or anything?

Advantages Vs Drawbacks?

Please share your experience : )


Cheers
CrazyTrader

CrazyTrader (CrazyTrader)
Jul 04 2014 at 23:53
1718 posts
bewayopa
Jul 06 2014 at 15:28
372 posts
CrazyTrader posted:
Dear traders,

I have browsed quickly about straddle strategy to take advantage about Fx news.

Most of the topics on forums are very old.

Does Straddle is a forgotten Fx tactic?

Anyone is still straddling news manually or semi auto like with Amazing_EA or anything?

Advantages Vs Drawbacks?

Please share your experience : )


Cheers
CrazyTrader


Do you know any case of trading news with consistent gains?

CrazyTrader (CrazyTrader)
Jul 06 2014 at 15:35
1718 posts
bewayopa posted:
Do you know any case of trading news with consistent gains?


This is exactly the point I want to find out.

If someone was straddling news... why did he stop?


ahuruglica (ahuruglica)
Jul 07 2014 at 17:28
852 posts
There are many issues trading news, broker freezes the platform, spread widens, price slippage, etc which makes trading news very hard to be profitable on the long run.

I trade news only when price corrects and expectations are for trend to continue. Sometimes after the news price make false move only after a while to continue with the trend.

CrazyTrader (CrazyTrader)
Jul 07 2014 at 18:10
1718 posts
ahuruglica posted:
There are many issues trading news, broker freezes the platform, spread widens, price slippage, etc which makes trading news very hard to be profitable on the long run.


Brokers freezes the platform:
=> This can be avoided with reliable brokers.

Spread widens:
=> This can be minimized with reliable brokers but we still may suffer from it.

Price slippage:
=> Not much we can do.

According to me, the main problem is 'Spread widening'. Let's focus on this point and then trading news could be easier.

ahuruglica (ahuruglica)
Jul 07 2014 at 20:03
852 posts
I think trading news was screwed up by HFT and quantitative computing. No one can read news and make trading decision than an hft algo. If anyone thinks that his MT4 platform works as HFT and is fast enough, he is wrong.

In a sense, manually trading news is like being a sheep in front of wolves.

CrazyTrader (CrazyTrader)
Jul 07 2014 at 20:59
1718 posts
ahuruglica posted:
I think trading news was screwed up by HFT and quantitative computing. No one can read news and make trading decision than an hft algo. If anyone thinks that his MT4 platform works as HFT and is fast enough, he is wrong.

In a sense, manually trading news is like being a sheep in front of wolves.


Dear friend,
Will you kindly give me the chance to show you it's possible.
In fact, I build a quick Straddle EA and I added the french touch to it : )
In other words, I guess this new idea could trick market.... I must give it a go!

=> All I need: a fresh news... (currently in test on EURUSD and GBPUSD)

ahuruglica (ahuruglica)
Jul 08 2014 at 05:11
852 posts
With all my pleasure. Because of price slippage and spread widening the strategy should be tested on a real account. Testing it on a demo should give very different results than on real. Small account, but real.

PipGnostic
TheCyclist (TheCyclist)
Jul 08 2014 at 06:15
724 posts
Last 20 or so NFP's were wet fish. Flip, flop, flip, flop....dead. Last 3 Fridays I don't even bother to watch, beer and bbq. Just nothing going on.

News in itself has no value, first you have to guess the news, then you have to guess the markets reaction to it. Might just as well flip a coin.

What you can do though, which might work, is wait till about 15 mins after all the knee jerking is done, then straddle. If there is going to be any real move it be a little after the news.

I have seen a $3 mil account where the owner simply traded NFP, once a month. But that was years ago, markets just don't act like that anymore. Volatility is at 7 year lows. Almost nothing happens on news now days.


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