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Attachments: How to trade NFP/FOMC and make pips
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How to trade NFP/FOMC and make pips

Used this EA for tonight FOMC on 3 demo accounts. Hit Fire buy on 2 and fire sell on 1. Ended up between £150 and £200 down on all 3 accounts.

Just a thought - Any thoughts on an similar EA but adapted in the following way -

Fire buy = buy USDXXX pairs and sell XXXUSD pairs with 2x sell / buy stops placed accordingly on all pairs at a set distance .

Fire sell = sell USDXXX pairs and buy XXXUSD pairs with 2x buy / sell stops placed accordingly on all pairs at a set distance.

This would potentially be profitable according to which way the USDX is moving and which button is pressed.

Any thoughts?
Indentify > Plan > Accept > Execute
the ea seems to work well but the strategy seems to be a disaster. add some sl and tp or a trailing stop or something and maybe it will have half a chance.
i traded this FOMC , with similiar strategy,just one min before the news, i open up a buy bucket (30pip Sl, 30pip TP setup) on 4 pairs - USDAUD , USDJPN USDCHF and USDGBP ... the market smashed me by diving down on on news release , hitting pending to become shorts (2x previous lot) .... and it burst again.... then i manually open new buy trades and cover back my trades - disaster can happen with this system, need some tweak
looking at it again, aud usd seems to be missing from ea trades. tested again, works ok, maybe because didnt have symbol open in market watch.
Quoting wizlon32
Used this EA for tonight FOMC on 3 demo accounts. Hit Fire buy on 2 and fire sell on 1. Ended up between 150 and 200 down on all 3 accounts. Just a thought - Any thoughts on an similar EA but adapted in the following way - Fire buy = buy USDXXX pairs and sell XXXUSD pairs with 2x sell / buy stops placed accordingly on all pairs at a set distance . Fire sell = sell USDXXX pairs and buy XXXUSD pairs with 2x buy / sell stops placed accordingly on all pairs at a set distance. This would potentially be profitable according to which way the USDX is moving...
I decided to try this and had very good results. First I checked the USDX and seen that it had found support and was starting to retrace.

So as stated above I bought the USDXXX pairs ond sold the XXXUSD pairs. I also placed the 2 x Sell/buy orders as per the 1st post on this thread.

I decided not to place any Stop Loss on the initial buy/sell orders so that they would reduce the damage caused if the pending orders were activated and then price retraced. I did place Stop Losses on the pending orders.

I let this run through the night and by this morning I was over 100 up - none of the pending orders were activated.

I know this differs from the initial idea but it seems to make more sense to me. Anyone agree?

Attached Image (click to enlarge)
Click to Enlarge Name: USD Pairs 112.jpg Size: 276 KB
Indentify > Plan > Accept > Execute
Was it something i said? Lol.

Oh well in case anyone is interested I made over £800 overall on the above trades and decided to close at that point. Pity it was only a demo account.

Does anyone know if there is an Ea that will execute something similar to what I did? Can do manually but would be much easier with an Ea.
Indentify > Plan > Accept > Execute
Quoting Jason Rogers
{quote} Hi Madscalp, FXCM recently updated the DailyFX News add-on for the Trading Station platform: http://bit.ly/1lyFhgG It plots onto charts information directly from the DailyFX.com Economic Calendar. Both past and upcoming news releases appear on the corresponding candlestick. {image} Hover the mouse pointer over each candlestick for information on the previous, forecasted and actual data from each economic news release. News items will show as Red for high-importance events, Orange for medium-importance events, and Blue for low-importance...
Very nice ! Now FXCM just needs to keep the MT4 server running during high impact events so that we can actually trade and get rid of the "off quotes" trade reject error !!! hahahahah
Quoting CatMan
{quote} Very nice ! Now FXCM just needs to keep the MT4 server running during high impact events so that we can actually trade and get rid of the "off quotes" trade reject error !!! hahahahah
Hi CatMan,

The "Off quotes" messages you received mean the price that was available in the market at the time in question was outside the Maximum Deviation range you specified for your order. The Max Dev feature on MT4 protects you from having your order filled with more slippage than you can tolerate. If you find you are getting the "Off quotes" message frequently, then consider increasing your Maximum Deviation.

With most MT4 brokers, the Max Dev feature limits both positive and negative slippage equally, but we have enhanced the Max Dev feature on the FXCM MT4 platform to limit only negative slippage. That's why a study of over 43 million orders executed through FXCM over the course of a year showed that overall our clients experience more positive slippage than negative slippage.
Here is Version 1.41 of the EA that fixes few bugs in the previous version.
Attached File(s)
File Type: ex4 MathTrader7_NFP_Hedge_EA.ex4   138 KB | 769 downloads
Trading is the hardest way to make easy money...
Hello Mathtrader, I have been using your EA since last week & my acc is up 6%, thanks for sharing. Does this version of the EA include a TP level when trading it in a live account?
Quoting Silverhat
Hello Mathtrader, I have been using your EA since last week & my acc is up 6%, thanks for sharing. Does this version of the EA include a TP level when trading it in a live account?
welldone mathtrader n silver
Scoobi doobi doo
Where SL set? How many pips ? It can open position and change direction..
Hi,
help me please,
this EA installed on MT4 from Exness, XM, ICMarkets and Forex4you shows sad face
What can be wrong there?
Thanks
Hi,
I know the answer now:
‘Tools’, then ‘Options’, then ‘Expert Advisors’ and check the ‘Allow automated trading’ box.

But there is another question:

EA opens only 4 pairs for me: E/U G/U A/U U/J
I expected 6 pairs.
Hi,
sorry,
4 pairs only can be because of low Margin Level
but...
one question more:

what does Inputs' Magic Number mean?

Thanks
How did this week FOMC go about folks , it was very little moment against USD.. I presume..
Scoobi doobi doo
This week has plenty of data :

RBA Interest Rate

BOE Interest Decision

NFP

Watch out for more pips
Scoobi doobi doo
Quoting Scoobidoobi
This week has plenty of data : RBA Interest Rate BOE Interest Decision NFP Watch out for more pips
Hi there! I'm a brand new forex trader and I came across this post. Even though a while has passed since you started this post, is this strategy still making you good profits? And I'm assuming that this strategy works for other news releases aside from NFP and FOMC?
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