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News trading
Member Since Nov 21, 2011
1601 posts
May 28, 2015 at 12:23
GBP news 4 hours ago
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Member Since Jan 15, 2015
1 posts
May 29, 2015 at 20:03
Good luck but I'm not a fan of the good news
Member Since Nov 21, 2011
1601 posts
May 29, 2015 at 20:05
Why? if they are good... ^^
Member Since Dec 04, 2010
1447 posts
May 30, 2015 at 03:17
The slippage I am finding kills good trades on news if you are trying to capture the initial spike and also when there is a large whipsaw movement. A strategy that seeks to capture the moves in the currency after news is published but starts a trend that you can capture would be good to I guess you need wider SL set so the spread widening doesn't take you out but you can get on wrong side when your pending orders are triggered but the initial move wasn't the 'correct' one and it quickly reverses, like what I assume happened with your GBP news above? good luck though will follow your results.
Member Since Nov 21, 2011
1601 posts
May 30, 2015 at 07:44
(edited May 30, 2015 at 07:45)
aeronthomas posted:
The slippage I am finding kills good trades on news if you are trying to capture the initial spike and also when there is a large whipsaw movement. A strategy that seeks to capture the moves in the currency after news is published but starts a trend that you can capture would be good to I guess you need wider SL set so the spread widening doesn't take you out but you can get on wrong side when your pending orders are triggered but the initial move wasn't the 'correct' one and it quickly reverses, like what I assume happened with your GBP news above? good luck though will follow your results.
Yes, you are right on many points:
Catching the first move is usually a bad thing because of the widen spread and most of the time a news has just a zig zag effect on price action. You have well noticed that I got killed on GBP trades.
So I will explain a bit more what is my strategy for news?
Dashboard EA will be activated right after a news only if some conditions are met (in fact I'm simply checking is the news is supposed to be strong and should go in one direction). Obviously, it's impossible to know it, but anyway.
If so, then EA will open some pairs listed into dashboard. The pair listed (screen shot from closing week) is the most trendy pair at current moment. You can have a look at power 7 is maximun (very bullish) -7 is very bearish.
The good thing about this dashboard is it's never wrong. But it doesn't provide specific or technical entry. (just trend identification)
For years, I have noticed a simple fact... Why there is trend? Simply because a bench of news goes bad 10 times in a row.
So the idea is simply to enter into the trend identified when a red news is supposed to affect market.
My SL is 30, tp 55
I have a B/E and Close All button.
Bad trades start to be stop out quickly... then I manage news with my Loss vs Equity.... and first I will hit B/E... try to maximize equity... I click Close All and so my Profit of the day must be green.
I haven't posted friday news, but I should have got around 15 pips
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Member Since Nov 21, 2011
1601 posts
Jun 01, 2015 at 15:14
Nahin45 posted:
the good news is good, but if the good news is mine lol
This USD news wasn't yours... still not so bad:
I clicked the "Close All" : )
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Member Since Oct 02, 2014
905 posts
Jun 02, 2015 at 14:18
Strong move by the euro, i hope it lasts.
Positivity
Member Since Jan 24, 2015
1 posts
Jun 05, 2015 at 08:07
There is much information here, I recently start in the business of trading
Member Since Nov 21, 2011
1601 posts
Jun 06, 2015 at 10:56
I have been waiting for 4 weeks to test my NFP EA:
(First order taken was 5 seconds after NFP released in order to avoid low liquidity.)
Now I have to wait anoher 4 weeks to test the second strategy based on NFP. (It would have worked for this one)
(First order taken was 5 seconds after NFP released in order to avoid low liquidity.)
Now I have to wait anoher 4 weeks to test the second strategy based on NFP. (It would have worked for this one)
Attachments:
Jun 06, 2015 at 12:12
(edited Jun 06, 2015 at 12:13)
VPower EA's trades yesterday during NY session after NFP and unemployment rate from US and CA:
This screenshot was made about 45 minutes after NFP release and shows VPower EA in full action with 20 currency pairs:
http://www.myfxbook.com/members/KayS/vpower-ea-20-pairs/1241806
This screenshot was made about 45 minutes after NFP release and shows VPower EA in full action with 20 currency pairs:
http://www.myfxbook.com/members/KayS/vpower-ea-20-pairs/1241806
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Member Since Nov 21, 2011
1601 posts
Jun 06, 2015 at 12:39
(edited Jun 06, 2015 at 12:40)
KayS posted:
VPower EA's trades yesterday during NY session after NFP and unemployment rate from US and CA:
This screenshot was made about 45 minutes after NFP release and shows VPower EA in full action with 20 currency pairs:
Nice: +270 pips
what is this Sell on USDCHF on NFP news released without sl & tp? bug???
Jun 06, 2015 at 22:03
CrazyTrader posted:KayS posted:
VPower EA's trades yesterday during NY session after NFP and unemployment rate from US and CA:
This screenshot was made about 45 minutes after NFP release and shows VPower EA in full action with 20 currency pairs:
Nice: +270 pips
what is this Sell on USDCHF on NFP news released without sl & tp? bug???
Haha, yes, that was an accident :P
The M5 bar that closed at 15:30, a second before NFP release, was a sell signal for the EA, so the EA opened a short trade right into the up-move that immediately followed, fortunately with quite some slippage, otherwise the loss would have been up to 40 pips larger.
SL didn't work at first, because the price quickly had moved above the level on which the EA wanted to set the SL via OrderModify, so the EA was not able to set the stop, with the invalid stop message popping up all the time. So I had to intervene and manually close the trade.
To prevent this from happening again, from now on the EA will use an EA-internal SL additionally to the normal SL.
Member Since Nov 21, 2011
1601 posts
Jun 07, 2015 at 00:00
Yes I know what you mean, My Ea was to about buy USDCHF... and I got a slippage of 70 pips!
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