The reason why I started this thread, was to see (and learn) if there is anyone else also doing this! And maybe better I was last week thinking about how to make some green pips out of a high-value news release and I think I found something very simple "news system". You can, of course, create an EA for this, but I noticed (for myself) that this works ver well.
Okay here we go on my first thread.
Let say the price is on the EURUSD 1.05646 and there was a high-value news release. I create 2 pending orders. I go long at 1.05750 and short at 1.05530. So one of 2 will be hit, the other one I delete and take my profit between 10-30 pips. That sounds easy, but last time I did it worked for me.
What you think about this and do you think it is profitable if your doing your homework correctly (investigate the power of the news release and look at the past what market does after a news release).
A newbie...
Okay here we go on my first thread.
Let say the price is on the EURUSD 1.05646 and there was a high-value news release. I create 2 pending orders. I go long at 1.05750 and short at 1.05530. So one of 2 will be hit, the other one I delete and take my profit between 10-30 pips. That sounds easy, but last time I did it worked for me.
What you think about this and do you think it is profitable if your doing your homework correctly (investigate the power of the news release and look at the past what market does after a news release).
A newbie...