News Trading System - Possible Automation | Forex Factory

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News Trading System - Possible Automation

  • #1
  • First Post: Feb 10, 2018 2:36am Feb 10, 2018 2:36am
News Trading System:
1) First we select high impact news . suppose NFP is our selective news.
2) Suppose NFP news come 7:30 PM ( BD TIME )
3) We have to wait for closing 7:30 PM 1 minute candle. After closing this candle we have to draw FIBO extension ( if this candle is bearish then we should draw closing price to swing high , if this candle bullish we should draw closing price to low )
4) After that Fibo Drawing we will wait for pullback .
5) When it touched Fibo 61.8 Level we trigger our first entry , Second entry is from Fibo 50 Level.
6) SL Fibo 0.00 level + 10 pips
7) TP Fibo 161.8, 261.8 and 423.6 area ** This a system of news trading . Only need Fibo Extension drawing auto . when price reached our desire area EA will take auto entry .

How we want to create an EA:
1) A trader can modify his desire area of FIBO . Some traders want to trigger from 50 , some are comfort with 38.2 area. So a trader can modify his area . So we need 4 options for fibo level. A trader can use it “ True-False “ option

2) High impact news and medium impact news chart should show in chart. A trader can modify it trough “ true –false “ option. If trader choose False option that means News not show in chart. But EA have to do action according to real news data.

3) EA have to aware of NEWS . when I run EA in my chart it should concern about NEWS ( That means after running EA should not draw any fibo level and not trigger entry until news published.) EA must follow real news time data.

4) Need Trailing stop and breakeven system in NEWS EA.

5) Lot size should be modify .
Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2018-02-09 at 6.12.22 PM.jpeg Size: 132 KB
Regard NOOR16
  • #2
  • Feb 10, 2018 2:45am Feb 10, 2018 2:45am
Waiting for a Master .................
Regard NOOR16
  • #3
  • Feb 10, 2018 11:43am Feb 10, 2018 11:43am
Quoting Noor16
News Trading System: 1) First we select high impact news . suppose NFP is our selective news. 2) Suppose NFP news come 7:30 PM ( BD TIME ) 3) We have to wait for closing 7:30 PM 1 minute candle. After closing this candle we have to draw FIBO extension ( if this candle is bearish then we should draw closing price to swing high , if this candle bullish we should draw closing price to low ) 4) After that Fibo Drawing we will wait for pullback . 5) When it touched Fibo 61.8 Level we trigger our first entry , Second entry is from Fibo 50 Level. 6) SL...
Sir/Ma'am, I believe you have met your quota for opening "new" threads. You come across to me as the guy/gal who is DESPERATE to win. I really hope you find something eventually. Good Luck!
  • #4
  • Feb 10, 2018 12:01pm Feb 10, 2018 12:01pm
New threads keep the forum going.
I wish I had something interesting to open a new thread about
  • #5
  • Feb 10, 2018 12:20pm Feb 10, 2018 12:20pm
Very interesting idea! Subscribed!

What kind of testing you have done on this idea so far? Can you please share your results?
  • #6
  • Feb 10, 2018 12:22pm Feb 10, 2018 12:22pm
Quoting bojack34
{quote} Sir/Ma'am, I believe you have met your quota for opening "new" threads. You come across to me as the guy/gal who is DESPERATE to win. I really hope you find something eventually. Good Luck!
Posting new threads is the whole purpose of the forum. The OP has ZERO interest about your opinion about him.

How are you contributing anything to this thread with your reply?
  • #7
  • Feb 10, 2018 12:32pm Feb 10, 2018 12:32pm
Quoting billbss
New threads keep the forum going. I wish I had something interesting to open a new thread about

Nah, he's sharing ideas.
Right now, he has a steady, profitable demo account on his trade explorer.
And up until some days ago, he had a profitable public real account there in the trade explorer in which he had over 100.000$ and he may still have it, but people were annoying him about it.
  • #8
  • Feb 11, 2018 10:55am Feb 11, 2018 10:55am
Quoting yalgaar
Very interesting idea! Subscribed! What kind of testing you have done on this idea so far? Can you please share your results?
Hi dear ,
I provided Idea please try your self , Without work hard don't achieve any think positive , & why you trust me ? every day have lot of red news, So this system work yes/not it's Identified not a big issue .
thanks for ur understanding
Regard NOOR16
  • #9
  • Feb 11, 2018 11:03am Feb 11, 2018 11:03am
Quoting mankindeg
{quote} Nah, he's sharing ideas. Right now, he has a steady, profitable demo account on his trade explorer. And up until some days ago, he had a profitable public real account there in the trade explorer in which he had over 100.000$ and he may still have it, but people were annoying him about it.
Hi dear ,
Still doing well ....
Some of people have every where . they are always feel Jealousy about your achievement, So dear I don't Mind anything .
Last week also doing not bad .
https://www.sendspace.com/file/mz422n
Attached File(s)
File Type: pdf 200k account DetailedStatement.pdf   1.3 MB | 682 downloads
Regard NOOR16
  • #10
  • Feb 11, 2018 11:19am Feb 11, 2018 11:19am
Quoting Noor16
News Trading System: 1) First we select high impact news . suppose NFP is our selective news. 2) Suppose NFP news come 7:30 PM ( BD TIME ) 3) We have to wait for closing 7:30 PM 1 minute candle. After closing this candle we have to draw FIBO extension ( if this candle is bearish then we should draw closing price to swing high , if this candle bullish we should draw closing price to low ) 4) After that Fibo Drawing we will wait for pullback . 5) When it touched Fibo 61.8 Level we trigger our first entry , Second entry is from Fibo 50 Level. 6) SL...
How do u define swing high/low ? relative for traders
WaBaS Where are Buyers and Sellers
  • #11
  • Feb 11, 2018 11:41am Feb 11, 2018 11:41am
Quoting mr.brown
{quote} How do u define swing high/low ? relative for traders
Hi dear ,
Please find out your asn from this pic .
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: WhatsApp Image 2018-02-11 at 11.40.02 PM.jpeg Size: 66 KB
Regard NOOR16
  • #12
  • Feb 11, 2018 12:13pm Feb 11, 2018 12:13pm
Quoting Noor16
{quote} Hi dear , Please find out your asn from this pic . thanks {image}
there r pretty much swing high n lows on that chart in terms of coding. non coders wont see that. however as soon as one starts coding defining swing high/low becomes pain in d assss
WaBaS Where are Buyers and Sellers
  • #13
  • Feb 11, 2018 2:16pm Feb 11, 2018 2:16pm
How about creating an EA that collects news as it comes out and rates them according to individual pairs or individual currencies.

For example the user should be able to define the period just like we can define the period of a moving avereage( 10 day moving aver, 20 day moving ave etc.)

So if i choose 30 day news average. The Ea will categorize the news going back 30 days and rate each news event. If its red news and it was in favor of the currency or currency pair we are working on it will give that news 3 points as an example. And if the news was against the instrument than it would get -3 points and so on.

So for the past 30 days we would get an idea about the pair or the individual currency we are studying shown in points.
If we get say positive 3 or higher in points than we can look to buy the instrument.

This could also be made into a histogram or a moving average.

I think the best way to use it would be to look at individual currencies and pick the strongest against the weakest.

It would be kinda like a currency strength meter using news.
  • #14
  • Edited Feb 12, 2018 9:32am Feb 11, 2018 4:56pm | Edited Feb 12, 2018 9:32am
Interesting idea. I may try to create an EA out of this. I have been working on code to fetch and parse a news file and display the data on the screen. Seems to be working so far. Once I know that the news data is working correctly I will continue on with more of the logic.

From your explanation of how you identify swing highs/lows it seems to me that there would be many others in the image you provided. What about using the ZigZag indicator to identify swings? Here is screenshot of the same section of the chart you provided with the ZigZag indicator on it.

Attached Image (click to enlarge)
Click to Enlarge Name: newszz.png Size: 12 KB
  • #15
  • Last Post: Oct 16, 2020 9:19am Oct 16, 2020 9:19am
There is something similar out there you can craft technically.

You take BenderFX v2 Unlimited EA (fibo) and then on a second chart add NewsReleaseEA V3.81. You can combine to achieve something similiar.
Attached File(s)
File Type: ex4 NewsReleaseEA_v3.81.ex4   271 KB | 250 downloads
File Type: mq4 NewsReleaseEA_v3.81.mq4   196 KB | 385 downloads
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