News Trading System:
1) First we select high impact news . suppose NFP is our selective news.
2) Suppose NFP news come 7:30 PM ( BD TIME )
3) We have to wait for closing 7:30 PM 1 minute candle. After closing this candle we have to draw FIBO extension ( if this candle is bearish then we should draw closing price to swing high , if this candle bullish we should draw closing price to low )
4) After that Fibo Drawing we will wait for pullback .
5) When it touched Fibo 61.8 Level we trigger our first entry , Second entry is from Fibo 50 Level.
6) SL Fibo 0.00 level + 10 pips
7) TP Fibo 161.8, 261.8 and 423.6 area ** This a system of news trading . Only need Fibo Extension drawing auto . when price reached our desire area EA will take auto entry .
How we want to create an EA:
1) A trader can modify his desire area of FIBO . Some traders want to trigger from 50 , some are comfort with 38.2 area. So a trader can modify his area . So we need 4 options for fibo level. A trader can use it “ True-False “ option
2) High impact news and medium impact news chart should show in chart. A trader can modify it trough “ true –false “ option. If trader choose False option that means News not show in chart. But EA have to do action according to real news data.
3) EA have to aware of NEWS . when I run EA in my chart it should concern about NEWS ( That means after running EA should not draw any fibo level and not trigger entry until news published.) EA must follow real news time data.
4) Need Trailing stop and breakeven system in NEWS EA.
5) Lot size should be modify .
1) First we select high impact news . suppose NFP is our selective news.
2) Suppose NFP news come 7:30 PM ( BD TIME )
3) We have to wait for closing 7:30 PM 1 minute candle. After closing this candle we have to draw FIBO extension ( if this candle is bearish then we should draw closing price to swing high , if this candle bullish we should draw closing price to low )
4) After that Fibo Drawing we will wait for pullback .
5) When it touched Fibo 61.8 Level we trigger our first entry , Second entry is from Fibo 50 Level.
6) SL Fibo 0.00 level + 10 pips
7) TP Fibo 161.8, 261.8 and 423.6 area ** This a system of news trading . Only need Fibo Extension drawing auto . when price reached our desire area EA will take auto entry .
How we want to create an EA:
1) A trader can modify his desire area of FIBO . Some traders want to trigger from 50 , some are comfort with 38.2 area. So a trader can modify his area . So we need 4 options for fibo level. A trader can use it “ True-False “ option
2) High impact news and medium impact news chart should show in chart. A trader can modify it trough “ true –false “ option. If trader choose False option that means News not show in chart. But EA have to do action according to real news data.
3) EA have to aware of NEWS . when I run EA in my chart it should concern about NEWS ( That means after running EA should not draw any fibo level and not trigger entry until news published.) EA must follow real news time data.
4) Need Trailing stop and breakeven system in NEWS EA.
5) Lot size should be modify .
Regard NOOR16