A good approach i am considering to use DB_CCFP_Diff.ex4 on real account would be separate into 2 baskets according to news events:
Basket #1: high impact news trade [upcoming news pairs only]
Basket #1: high impact news trade [upcoming news pairs only]
- candle and MTF CC-Diff setting: M5, M15, H1, level 2, use current = true, use Bar
- Open 1 minute before news, Close after 1 hour.
- SL 50% ATR, TP 100% ATR
Basket #2: 3 sessions opening trade [exclude all high impact news pairs]
- candle and MTF CC-Diff setting: M5, H1, D1, level 2, use current = false, use MA
- Open 5 minutes after session open, close after 2-4 hours.
- Adjust SL & TP manually on chart after it's auto triggered, based on support/resistant, or simply 50%ATR TP/SL as default.
Your constructive recommendations/modifications much appreciated, or another thread can be open for this session/news trade if needed.
Edit: OK, i decided to open a thread for this news/session time frame, as it's different from weekly idea. Head over here if you are interested: https://www.forexfactory.com/showthread.php?t=848415
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