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1 Min News Strategy

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  • First Post: Edited 5:12pm Oct 18, 2020 10:07am | Edited 5:12pm
  •  edwinjil
  • | Joined Jul 2020 | Status: Member | 97 Posts

1 Min News Strategy

Everyone tells you to stay away from Hot News, my friend, that is where the money is. I know someone who is a millionaire just trading 1 min on News.
In this trading life, I have realized that people like to keep strategies that work secret. I am not that kind of person. I believe opening up a strategy to people helps to even make it better. That is my hope for this strategy too.
How it works:
First of all, this strategy is News based. So you know when to set your entries much before the news time.
Well, let us first review what happens to the markets when economic news is announced. Head over to https://www.forexfactory.com/calendar.php and filter the news to only “High Impact” news and then head over to your chart on MT4 for the respective currency the news is expected to affect.
Chart: GBPUSD Timeframe: 1m
Attached Image

Analysis: That long candle is a one minute candle, 38 pips long and it responded to the GBP news on that day. Everything happens so fast within 1 minute.

Example:
So, if the news is tomorrow at 10:00am MT4 time (adjust calendar time zone to match MT4 time zone), pick the currency pair you would like to trade with depending on the news currency, at exactly 09:59:55am MT4 time, set two opposite pending orders (Buy-stop and Sell-stop) 3 pips above and below the current price. (this depends on how volatile that pair is)
I use 5 SL on moderate pairs
Then when the news is happening, you will be able to pick that long candle and take profit 20 pips or more or less depending on the pair and the News you are trading. Some news moves the market much more than others. I have had more success by going back on the chart and seeing how the past similar news affected that pair then I adjust accordingly.
I use an EA for this ofcourse but it can be done manually too

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I will share the EA later on depending on how engaging the thread is
  • Post #2
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  • Oct 18, 2020 10:27am Oct 18, 2020 10:27am
  •  SputnikX
  • Joined Jun 2013 | Status: Member | 114 Posts
lol
 
1
  • Post #3
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  • Oct 18, 2020 10:30am Oct 18, 2020 10:30am
  •  kofix11
  • | Joined Dec 2011 | Status: Member | 771 Posts
Well explained but therefore an EA or an script is needed.
 
 
  • Post #4
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  • Oct 18, 2020 11:19am Oct 18, 2020 11:19am
  •  vcthivash6
  • | Joined Oct 2020 | Status: Member | 5 Posts
Does any one suggest which EA is best for auto Trading
 
 
  • Post #5
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  • Oct 18, 2020 11:43am Oct 18, 2020 11:43am
  •  secu010
  • | Joined Oct 2020 | Status: Member | 6 Posts
I had this idea long time ago but i got stuck with all kind of crap and forgot about it , thanks for reminding me , i'm going to give it a try !
 
 
  • Post #6
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  • Oct 18, 2020 12:34pm Oct 18, 2020 12:34pm
  •  domino
  • Joined Apr 2009 | Status: Member | 1,438 Posts
Quoting SputnikX
Disliked
lol
Ignored
I second that lol
 
2
  • Post #7
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  • Oct 18, 2020 2:05pm Oct 18, 2020 2:05pm
  •  DrunkJesus
  • | Additional Username | Joined Oct 2020 | 4 Posts
But predicting news is like trying to predict the weather, isn't it?

Not to mention, predicting how the market reacts to the news is also insanely difficult, isn't it?

Or am I missing something?
 
1
  • Post #8
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  • Oct 18, 2020 2:08pm Oct 18, 2020 2:08pm
  •  coolsjc
  • Joined Jun 2012 | Status: Member | 180 Posts
Quoting edwinjil
Disliked
1 Min News Strategy Everyone tells you to stay away from Hot News, my friend, that is where the money is. I know someone who is a millionaire just trading 1 min on News. In this trading life, I have realized that people like to keep strategies that work secret. I am not that kind of person. I believe opening up a strategy to people helps to even make it better. That is my hope for this strategy too. How it works: First of all, this strategy is News based. So you know when to set your entries much before the news time. Well, let us first review what...
Ignored
Thanks for sharing your strategy. I have doubt on your timing of the example. Pending orders are to be set 05min or 59min early?
 
 
  • Post #9
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  • Oct 18, 2020 2:17pm Oct 18, 2020 2:17pm
  •  kofix11
  • | Joined Dec 2011 | Status: Member | 771 Posts
Quoting coolsjc
Disliked
{quote} Thanks for sharing your strategy. I have doubt on your timing of the example. Pending orders are to be set 05min or 59min early?
Ignored
Most likely yes, because of widening spread.
 
 
  • Post #10
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  • Oct 18, 2020 2:38pm Oct 18, 2020 2:38pm
  •  mtako
  • Joined Sep 2020 | Status: Member | 5,450 Posts
Used to trade news often like this a long time ago when I could have fixed spreads. Good fun ! Only went with the established trend though. On the long-term, a bit more times than not, no matter the news (yeah I know, sounds crazy), established trend still continued. I guess that's the price still having much of what is expected in it. I still trade during it but only after a couple minutes after or when in a longer term directional trade.

Don't forget to check through all of history if it is always worth placing both buy and sell, also those fixed 3 pips from current price, SL and TP, check that also in all of history, perhaps try different dynamic values instead of fixed, cheers all !
If I don't mention SL and TP = longer-term setup possibly in the works!
 
 
  • Post #11
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  • Oct 18, 2020 2:38pm Oct 18, 2020 2:38pm
  •  vinforex7
  • Joined Sep 2012 | Status: Starting on a million $ journey!!! | 537 Posts
lol.....!!!

Probably the OP has never traded a live account... otherwise he'd not come up with this 'theoretically beautiful' but 'practically stupid strategy!!!!
 
2
  • Post #12
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  • Oct 18, 2020 2:45pm Oct 18, 2020 2:45pm
  •  edwinjil
  • | Joined Jul 2020 | Status: Member | 97 Posts
Quoting SputnikX
Disliked
lol
Ignored
Enlighten us what is funny
 
 
  • Post #13
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  • Oct 18, 2020 2:46pm Oct 18, 2020 2:46pm
  •  edwinjil
  • | Joined Jul 2020 | Status: Member | 97 Posts
Quoting vinforex7
Disliked
lol.....!!! Probably the OP has never traded a live account... otherwise he'd not come up with this 'theoretically beautiful' but 'practically stupid strategy!!!!
Ignored
I really hate people like you who just out of the blue come and claim things they have no idea about
 
 
  • Post #14
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  • Oct 18, 2020 2:52pm Oct 18, 2020 2:52pm
  •  edwinjil
  • | Joined Jul 2020 | Status: Member | 97 Posts
Quoting coolsjc
Disliked
{quote} Thanks for sharing your strategy. I have doubt on your timing of the example. Pending orders are to be set 05min or 59min early?
Ignored
I will be sharing results from the coming news as I trade. The pending orders are made 3-5 seconds before the news minute. This is hard to do manually which is where the EA comes in handy. I will be sharing the EA souce code soon. Stay tuned
 
 
  • Post #15
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  • Oct 18, 2020 3:05pm Oct 18, 2020 3:05pm
  •  zeeftrader
  • | Joined Jun 2018 | Status: Member | 35 Posts
Quoting edwinjil
Disliked
1 Min News Strategy Everyone tells you to stay away from Hot News, my friend, that is where the money is. I know someone who is a millionaire just trading 1 min on News. In this trading life, I have realized that people like to keep strategies that work secret. I am not that kind of person. I believe opening up a strategy to people helps to even make it better. That is my hope for this strategy too. How it works: First of all, this strategy is News based. So you know when to set your entries much before the news time. Well, let us first review what...
Ignored
There is a very good News Trading Strategy Video for free on YouTube that teaches you 4 different methods to trade the news:
Inserted Video
 
2
  • Post #16
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  • Oct 18, 2020 4:13pm Oct 18, 2020 4:13pm
  •  hibra68
  • Joined Apr 2015 | Status: Member | 1,101 Posts
Quoting edwinjil
Disliked
{quote} I really hate people like you who just out of the blue come and claim things they have no idea about
Ignored
dont be angry, you can trade the news but your approach is not viable.
when the news hits the market usually gaps up or down ignoring your entry or sl.
maybe better approach would be to follow the current trend.
for example if the trend is bullish and the news is positive, wait for a pullback on the trend line and go long.

just my 2 cents.
 
2
  • Post #17
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  • Oct 18, 2020 4:22pm Oct 18, 2020 4:22pm
  •  Erebus
  • Joined Jul 2011 | Status: Member | 7,095 Posts
Quoting vcthivash6
Disliked
Does anyone suggest which EA is best for auto Trading
Ignored
I guess no one actually reads this forum...

https://www.forexfactory.com/thread/...6#post12955256

or the earlier EA

https://www.forexfactory.com/thread/...expert-advisor

Let's see how they compare to the beast the OP is about to present, hope he opens a trade explorer to back up claims

Oh, and give detailed settings, be prepared for 1,0001 questions



Amen to DrunkJesus, hope he gets sober soon
Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -0.3%
 
2
  • Post #18
  • Quote
  • Oct 18, 2020 4:50pm Oct 18, 2020 4:50pm
  •  MoneyZilla
  • Joined Dec 2015 | Status: Suuka Maadik | 3,630 Posts
Quoting edwinjil
Disliked
Example: So, if the news is tomorrow at 10:00am MT4 time (adjust calendar time zone to match MT4 time zone), pick the currency pair you would like to trade with depending on the news currency, at exactly 09:00:55am MT4 time, set two opposite pending orders (Buy-stop and Sell-stop) 3 pips above and below the current price. (this depends on how volatile that pair is) I use 5 SL on moderate pairs
Ignored

3 pips above/below?!? 59 minutes and 5 seconds before the news release?!? With a 5 pips SL?!?

Hello?!?

This is Hilarious, to say at least!
Maadik Hugiis. IQ 69.
1
5
  • Post #19
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  • Oct 18, 2020 5:08pm Oct 18, 2020 5:08pm
  •  edwinjil
  • | Joined Jul 2020 | Status: Member | 97 Posts
Quoting MoneyZilla
Disliked
{quote} 3 pips above/below?!? 59 minutes and 5 seconds before the news release?!? With a 5 pips SL?!? Hello?!? This is Hilarious, to say at least!
Ignored
I hadn't seen this typo. It was meant to be 09:59:55am (5 secs before the news)
 
 
  • Post #20
  • Quote
  • Oct 18, 2020 5:26pm Oct 18, 2020 5:26pm
  •  Erebus
  • Joined Jul 2011 | Status: Member | 7,095 Posts
Quoting edwinjil
Disliked
{quote} I really hate people like you who just out of the blue come and claim things they have no idea about
Ignored
And yet, you haven't provided any results thus far?

Quoting edwinjil
Disliked
{quote} I will be sharing results from the coming news as I trade. The pending orders are made 3-5 seconds before the news minute. This is hard to do manually which is where the EA comes in handy. I will be sharing the EA source code soon. Stay tuned
Ignored
In fact, you are only promising future results; I'm really looking forward to those. Myself, I just don't think it will work, the spread is wider than your stops, you will be in and out before the 1 minute is up; stop loss of 5 pips is ridiculous IMHO.

Read the 2 threads I posted earlier, it's a simple idea, hard to execute, pretty sure this will die off quicker than most threads...

Amen
Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: -0.3%
 
 
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