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NFP system - 5 minutes a month

  • #41
  • Jul 11, 2017 5:20pm Jul 11, 2017 5:20pm
Quoting Harpy
{quote} On demo, EURUSD, GBPUSD, and USDCAD are done. I'm still open on USDCHF, USDJPY, and AUDUSD. I've backtested EURUSD going back to June 4, 2014 and this method of bias selection has worked 100% of the time for me. I would like to find other news events, where a similar thing occurs. Are you familiar with any other event besides NFP? {image}
What do you mean by "this method of bias selection has worked 100% of the time"?
  • #42
  • Jul 11, 2017 10:14pm Jul 11, 2017 10:14pm
Quoting cocolizo67
Closing the trade now. Up 19%. Nex trade will be August 4 {image}
It worked great. Do you have any similar system you would like to share ?
  • #43
  • Jul 12, 2017 1:41am Jul 12, 2017 1:41am
Quoting cocolizo67
Today was NFP release. Looks like the price is going to close below open price. So prepare to take a long position before the end of the day.
Jajajaja, this one was a winning trade...
  • #44
  • Jul 12, 2017 9:06am Jul 12, 2017 9:06am
I closed with profit on tuesday too.
  • #45
  • Jul 18, 2017 11:32am Jul 18, 2017 11:32am
Quoting eltd
I closed with profit on tuesday too.

What about GBP news? Could work with GU too?
  • #46
  • Jul 30, 2017 8:51pm Jul 30, 2017 8:51pm
Quoting RnL
{quote} I simply use Excel to calculate based on cocolizo67 's rules in his 1st post but slightly different. He open order 15 mins before market close on Friday but I use the close price of Friday, I don't think that makes much difference between the price of 15 minutes before market close and closing price. Close order at end of Tuesday. SL 50 pips. In addition of this backtest. IMHO. It's too risky to take this strategy trade since the result only good on mid of 2016-2017, If you were starting trade this strategy on 2010 you might be quite on...
Hey RNL did you try backtesting with Coco's recommendation of letting it right until Tuesday close if no profit?
  • #47
  • Aug 4, 2017 5:01am Aug 4, 2017 5:01am
NFP today!
  • #48
  • Aug 4, 2017 12:30pm Aug 4, 2017 12:30pm
Buy today before market close, I will test 10% risk, 50 pips sl.
  • #49
  • Aug 4, 2017 1:10pm Aug 4, 2017 1:10pm
Quoting Elovv
Buy today before market close, I will test 10% risk, 50 pips sl.
Looks like the perfect kind of set-up too. Similar to last month!

Looks like it's holding at 1.1750 level. A good place to get in maybe. Having said that, there's a good possibility it will go lower during Sunday/Monday Asian session of course
  • #50
  • Aug 8, 2017 9:42am Aug 8, 2017 9:42am
Hello cocolizo67,

followed yr suggestion on last Friday's NFP.
Just closed it with +522 pips profit on my demo.

Will keep an eye on you
  • #51
  • Aug 8, 2017 2:12pm Aug 8, 2017 2:12pm
Quoting richard55
Hello cocolizo67, followed yr suggestion on last Friday's NFP. Just closed it with +522 pips profit on my demo. Will keep an eye on you

Ha Ha! LOL Well I suppose it doesn't work every time. Nothing is 100% in this game
  • #52
  • Aug 8, 2017 2:31pm Aug 8, 2017 2:31pm
Quoting jmtini
{quote} Ha Ha! LOL Well I suppose it doesn't work every time. Nothing is 100% in this game
My fault it didn't work...every time I try something live this happens...I promise not to do this agn....lol

Didn't lose much...
  • #53
  • Aug 9, 2017 5:27am Aug 9, 2017 5:27am
Quoting ranger_lp
{quote} My fault it didn't work...every time I try something live this happens...I promise not to do this agn....lol Didn't lose much...
End of Monday trading was OK - I had a trade at 1.1754 and at one stage it was +60 pips! I suppose it's true to take profits when you got it - if one holds on too long you get nothing!
  • #54
  • Aug 9, 2017 8:41am Aug 9, 2017 8:41am
Sorry for my ignorance, but could anyone tell me what NFP means in the news?
I would like to use this system but I do not know how to find NFP news
  • #55
  • Aug 9, 2017 9:04am Aug 9, 2017 9:04am
Quoting josemaramori
Sorry for my ignorance, but could anyone tell me what NFP means in the news? I would like to use this system but I do not know how to find NFP news
Non Farm Payroll ... is released 1st friday each month.
MT4/MT5 EAs/Indicators/Alerts coder
  • #56
  • Aug 9, 2017 9:05am Aug 9, 2017 9:05am
Quoting josemaramori
Sorry for my ignorance, but could anyone tell me what NFP means in the news? I would like to use this system but I do not know how to find NFP news
https://en.wikipedia.org/wiki/Nonfarm_payrolls
MT4/MT5 EAs/Indicators/Alerts coder
  • #57
  • Aug 9, 2017 9:08am Aug 9, 2017 9:08am
Quoting FerruFx
{quote} https://en.wikipedia.org/wiki/Nonfarm_payrolls
thank you so much.
  • #58
  • Aug 9, 2017 9:33am Aug 9, 2017 9:33am
Quoting josemaramori
{quote} thank you so much.
MT4/MT5 EAs/Indicators/Alerts coder
  • #59
  • Aug 9, 2017 2:26pm Aug 9, 2017 2:26pm
Is any of you scalping during NFP, or you just getting crazy spreads and slippages?
  • #60
  • Aug 20, 2017 11:54am Aug 20, 2017 11:54am
Again, a very good strategy from cocolizo67. I'll put on live soon. I've tried with other pairs and the aggregated results are very good:
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