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1 Min News Strategy

  • #1
  • First Post: Edited 4:12pm Oct 18, 2020 9:07am | Edited 4:12pm

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

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 47 KB


I will share the EA later on depending on how engaging the thread is
  • #2
  • Oct 18, 2020 9:27am Oct 18, 2020 9:27am
lol
  • #3
  • Oct 18, 2020 9:30am Oct 18, 2020 9:30am
Well explained but therefore an EA or an script is needed.
  • #4
  • Oct 18, 2020 10:19am Oct 18, 2020 10:19am
Does any one suggest which EA is best for auto Trading
  • #5
  • Oct 18, 2020 10:43am Oct 18, 2020 10:43am
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 !
  • #6
  • Oct 18, 2020 11:34am Oct 18, 2020 11:34am
Quoting SputnikX
lol
I second that lol
  • #7
  • Oct 18, 2020 1:05pm Oct 18, 2020 1:05pm
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?
  • #8
  • Oct 18, 2020 1:08pm Oct 18, 2020 1:08pm
Quoting edwinjil
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...
Thanks for sharing your strategy. I have doubt on your timing of the example. Pending orders are to be set 05min or 59min early?
Consistency & Patience
  • #9
  • Oct 18, 2020 1:17pm Oct 18, 2020 1:17pm
Quoting coolsjc
{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?
Most likely yes, because of widening spread.
  • #10
  • Oct 18, 2020 1:38pm Oct 18, 2020 1:38pm
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/or TP = longer-term setup possibly in the works!
  • #11
  • Oct 18, 2020 1:38pm Oct 18, 2020 1:38pm
lol.....!!!

Probably the OP has never traded a live account... otherwise he'd not come up with this 'theoretically beautiful' but 'practically stupid strategy!!!!
  • #12
  • Oct 18, 2020 1:45pm Oct 18, 2020 1:45pm
Quoting SputnikX
lol
Enlighten us what is funny
  • #13
  • Oct 18, 2020 1:46pm Oct 18, 2020 1:46pm
Quoting vinforex7
lol.....!!! Probably the OP has never traded a live account... otherwise he'd not come up with this 'theoretically beautiful' but 'practically stupid strategy!!!!
I really hate people like you who just out of the blue come and claim things they have no idea about
  • #14
  • Oct 18, 2020 1:52pm Oct 18, 2020 1:52pm
Quoting coolsjc
{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?
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
  • #15
  • Oct 18, 2020 2:05pm Oct 18, 2020 2:05pm
Quoting edwinjil
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...
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
  • #16
  • Oct 18, 2020 3:13pm Oct 18, 2020 3:13pm
Quoting edwinjil
{quote} I really hate people like you who just out of the blue come and claim things they have no idea about
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.
  • #17
  • Oct 18, 2020 3:22pm Oct 18, 2020 3:22pm
Quoting vcthivash6
Does anyone suggest which EA is best for auto Trading
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
It takes a lot for me to IGNORE you, but you can try.
  • #18
  • Oct 18, 2020 3:50pm Oct 18, 2020 3:50pm
Quoting edwinjil
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

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.
  • #19
  • Oct 18, 2020 4:08pm Oct 18, 2020 4:08pm
Quoting MoneyZilla
{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!
I hadn't seen this typo. It was meant to be 09:59:55am (5 secs before the news)
  • #20
  • Oct 18, 2020 4:26pm Oct 18, 2020 4:26pm
Quoting edwinjil
{quote} I really hate people like you who just out of the blue come and claim things they have no idea about
And yet, you haven't provided any results thus far?

Quoting edwinjil
{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
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
It takes a lot for me to IGNORE you, but you can try.
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