DislikedDoes anyone know why you would use only 6 of the majors instead of all 7?Ignored
Move TP to -x pips if trade goes -x pips ea 1 reply
Demo contest only - 20 pips TP and 20 pips stop - Any TF 51 replies
Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies
I lose 40 pips and win 6 to 10 pips... 17 replies
NFP=no free pips(non farm.. how to trade it) 21 replies
Disliked{quote} Because it's a hedging strategy. The volume you have longing the USD has to equal the volume shorting the USD (as far as the initial buys go). An odd number of trades keeps it from being a hedge.Ignored
Dislikedscobidodo,am a newbis here,can u please explain this strategy in my level,do you mean the 6pairs buy will be placed 7min to the news irespective of where the market is going? can you please explain step by step thanksIgnored
DislikedWhy do you need 6 pending orders when it would much easier/simpler to have only 2 orders? During NFP, if it is positive then USD will go up. Hence only need to set EUR/USD buy and USD/JPY buy orders at 30pips. Why do you need to have orders for GBP/USD, AUD/USD when they generally go in the same direction as the EUR? Is it to increase profit? If yes, then you just need to increase the lot size for both orders.Ignored
DislikedWhy do you need 6 pending orders when it would much easier/simpler to have only 2 orders? During NFP, if it is positive then USD will go up. Hence only need to set EUR/USD buy and USD/JPY buy orders at 30pips. Why do you need to have orders for GBP/USD, AUD/USD when they generally go in the same direction as the EUR? Is it to increase profit? If yes, then you just need to increase the lot size for both orders.Ignored
DislikedScoobi - have found the attached extract from Investopedia . In your experience what would be the major movers we should test out.?? {image}Ignored
DislikedThanks Nico and Binnie! @Binnie, Please feel free to try on any high impact news for a major pair barring CHF news which is sort of subdued.Ignored
Disliked{quote} Hi Binnie, Forex Factory gives you all these and you can set filters for different colour flags (Red, Amber ..etc) I have found it to be very accurate and timed precisely. If you already know this just ignore my comments.. good luck...... "Scoobi for president"Ignored
DislikedAussie Retail Sales News Progress. Not much happening really. Initial moves soon drifted. Once direction established I closed the 2 losing Longs on the xxxAUD's and cancelled the pending sells on the AUDxxx's. Drifting still - will leabve it going till London Open to see if extra volumes make a difference. Otherwise - will go again tomorrow on Trade Balance figures. 1st chart just shows set up. ( Note Longs at 0.2 / shorts at 0.40 ) 2nd chart shows progress after 90mins. Any ideas on the pairs - I don't have any other xxxAUD's on my platform?? {image}...Ignored
Disliked{quote} Also - does anyone have an idea on how this strategy could ever be back-tested? I have been thinking about it all day but because of the market action being around 6 pairs concurrently , i don't think a replay is possible ??? OR IS THERE ????Ignored
Disliked{quote} cheers DOBE, Yep I use the FF News Calendar - wouldn't leave home without it..... Just there is so much news these days , I got little idea which ones cause enough ripple in the market to play this strategy. Time will tell eh.. BTW - you sure you and Scoobi don't know each other??? ( Scoobi Do !!!!) Have a good weekend. edit - or should that read SCOOBIDOOBIE DOO !!!! Also - does anyone have an idea on how this strategy could ever be back-tested? I have been thinking about it all day but because of the market action...Ignored
Disliked{quote} http://www.newsimpact.com/ this site might help alittle, not sure, but possibly worth a lookIgnored