http://www.forexfactory.com/showthre...?t=6854&page=3
I would like to bring attention to the "Amazing" Ea listed on the above page.
Details on the system it is based on are here:
http://www.forexfactory.com/attachme...4&d=1155317132
Probably the biggest issue not addressed on that thread was which broker to use for newstrading. If anyone has any suggestions that would be great.
I am new to news trading. So, to get a feel for the magnitude that certain announcements create, I will create an excel file, one sheet per news event/major pair, starting at some previous point in history. On each sheet, I will describe market sentiment, expectations, etc., along with a tick chart showing price movement.
As mentioned, TP depends on the currency and situation. Howerver, SL is static at 10 pips. With a default target of 20 pips, risk reward is clearly defined with this EA.
Please post any ideas or contributions you may have. Thanks
-DB
I would like to bring attention to the "Amazing" Ea listed on the above page.
Details on the system it is based on are here:
http://www.forexfactory.com/attachme...4&d=1155317132
Probably the biggest issue not addressed on that thread was which broker to use for newstrading. If anyone has any suggestions that would be great.
I am new to news trading. So, to get a feel for the magnitude that certain announcements create, I will create an excel file, one sheet per news event/major pair, starting at some previous point in history. On each sheet, I will describe market sentiment, expectations, etc., along with a tick chart showing price movement.
As mentioned, TP depends on the currency and situation. Howerver, SL is static at 10 pips. With a default target of 20 pips, risk reward is clearly defined with this EA.
Please post any ideas or contributions you may have. Thanks
-DB
Skype: heliosphan187