Todays Discussion:
News - News events have a significant impact on currency trading and Traders Gift EA offers a facility to avoid placing trades around news events because the markets can be very volatile and common indicator readings may have no impact around these events and therefore be of little use.
There are 3 news avoid times which optionally can be specified. Within the times specified, no trades will be placed even if another enabled strategy gives a signal.
The default Hour setting for the 3 optional news events is set to -1 and each event will be overlooked as long as this value is still set. Any other value for Hour between 0 and 23 will be respected as a news time to be avoided. The minutes can be nominated between 0 and 59 and will also be respected as long as the hour is not -1.
AvoidMinutesBeforeNews and AvoidMinutesAfterNews default to 0 but I would suggest at least a value of 30 for both to avoid significant impact.
News - News events have a significant impact on currency trading and Traders Gift EA offers a facility to avoid placing trades around news events because the markets can be very volatile and common indicator readings may have no impact around these events and therefore be of little use.
There are 3 news avoid times which optionally can be specified. Within the times specified, no trades will be placed even if another enabled strategy gives a signal.
The default Hour setting for the 3 optional news events is set to -1 and each event will be overlooked as long as this value is still set. Any other value for Hour between 0 and 23 will be respected as a news time to be avoided. The minutes can be nominated between 0 and 59 and will also be respected as long as the hour is not -1.
AvoidMinutesBeforeNews and AvoidMinutesAfterNews default to 0 but I would suggest at least a value of 30 for both to avoid significant impact.