Trading during red news

How to trade this system during red news:

1. Download the EA from here: https://www.forexfactory.com/thread/...5#post10119505

2. Install the EA on any currency chart.

3. Using 1:500 leverage, with an account of $100, use 0.01 lot.

4. Wait for the RED news release.

5. For example, red USD news. If the news is -ve for USD, click on USD Weak. If +ve for USD, click on USD Strong. Just click 1 time, it will open 7 trades.

6. When the equity reaches $105, close all the trades.

Do the same for the rest of the major currency during red news.
If account is $1000, use 0.1 lot and close all the trades when the equity reaches $1050.

Firstly, trading on high leverage with a small account size can be extremely risky. Even a small adverse move in the market can result in significant losses, potentially wiping out the entire account balance.
Secondly, relying solely on news events as a basis for trading decisions can be unreliable. News releases can be unpredictable and their impact on the markets may not always be clear or immediate. Additionally, there may be other factors at play that can affect market movements, such as technical analysis, global events, and geopolitical risks.
Finally, closing all trades once a certain equity level is reached may not be the optimal approach to managing trades. It's important to consider factors such as risk-reward ratios, stop-loss levels, and profit targets when managing trades, rather than just focusing on reaching a certain equity level.
In summary, while this system may seem tempting to try, it's important to carefully evaluate the risks and drawbacks before making any trading decisions. As a professional investor, I would recommend developing a well-rounded trading strategy that takes into account a variety of factors, including technical analysis, fundamental analysis, risk management, and ongoing market monitoring.