take look (from henri lui); very good idea

Post Reply
User avatar
bourgenot
Trader
Posts: 159
Joined: Mon Aug 27, 2012 4:37 pm

take look (from henri lui); very good idea

Post by bourgenot »

think very interesting :
www.currencynewstrading.com
User avatar
bourgenot
Trader
Posts: 159
Joined: Mon Aug 27, 2012 4:37 pm

Re: take look (from henri lui); very good idea

Post by bourgenot »

sorry you have to look :
CNT News Trading EA
User avatar
niepce
Trader
Posts: 152
Joined: Wed Jul 04, 2012 11:00 pm
Location: Grenoble, France

Re: take look (from henri lui); very good idea

Post by niepce »

To me, stradling/pending orders before news release is the wrong way to trade the news.

The way i trade red news on M5 :
1. Wait for the "news" candle to close. Check news result at the factory*.
2. Put horizontal line on top and on low of this candle wicks.
3. Wait some more, that another candle _closes_ outside the lines. Then trigger a buy or a sell. Never enter before, even if the candle is screaming "buy me".

In case of a buy, SL is on the lower line.
TP is on a 2:1 Risk:reward conservatively, 1:1 aggressively.

Entering after the news gives more confidence, more time, no straddle or whipsaw, not even think about martingale, and usually an almost normal spread. The only thing to fear is a feed freeze, so get yourself a decent ECN.

Price may retrace more often than not during the trade, since many players will bank in their profits.

* Ps : if news release is flat, i.e., identical to forecast, there is no possibility to enter. Close your terminal and go have a coffee, and get ready for the next red news.
User avatar
bourgenot
Trader
Posts: 159
Joined: Mon Aug 27, 2012 4:37 pm

Re: take look (from henri lui); very good idea

Post by bourgenot »

vive grenoble; je te remercie pour tes conseils, mais ils sont un peut obscurs pour moi (debutant ! mea culpa); pas grave; je retiens par contre le "xmeter (integres)" qui m'a prouvé etre "bien calculé"; au plaisir. (ecris en francais j'espere ne pas etre reprimandé)..
Post Reply

Return to “Automated trading systems”