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1 Min News Strategy

  • #41
  • Oct 19, 2020 5:44pm Oct 19, 2020 5:44pm
Quoting pakeha
I am a news trader who uses straddle trading. I prefer to trade red news events where there is a high likelihood that the price will only go one way - CPI news releases are a good example. This way I am not going to be whip-sawed (it happens). I enter the trades 1-2 minutes ahead of the release. The spread widening usually happens in the last 30 seconds. In order to manage price fluctuation before the actual news release, I use a commercial EA that allows my straddle to float with the price and in this way, I don't get all/part of my straddle stopped...
It won't help. You need to see the results at least on the demo account and then live.
Please excuse the bad English via Google Translate.
  • #42
  • Oct 19, 2020 6:30pm Oct 19, 2020 6:30pm
Quoting dokopy
{quote} It won't help. You need to see the results at least on the demo account and then live.
Not sure I understand... What won't help?
  • #43
  • Oct 19, 2020 7:19pm Oct 19, 2020 7:19pm
As mentioned, this won't work as described. 2 things will happen. 1: the spread will widen, price will jump and you either won't be able to get in or out of the trade. Or 2: it will trigger one order, and if you're in the us, will not trigger your other order as it goes the other direction, putting you in a losing trade. The last time it worked for me was... Early 2000's I think. Option 3 is.. It works for you.. And you have a broker that doesn't widen spreads which means you need a new broker as they are not an ecn.. They are a bucketshop.

Pakeha mentioned the only way it can still work (to my knowledge) which is to enter the trade early enough with about 10 pips on either side. But I would check the news range on similar news with both expected and unexpected news results for volatility comparison on that specific pair. Same news.. Same pair, and see if the reaction was due to unexpected or expected news. That will tell you how far to straddle. A better way with the same.. Or at least similar risk.. Is wait until it moves, and chart an order block/supply demand zone on a larger timeframe. The 1 minute will trade into the order block and rubberband back the other way, leaving you in profit and able to wait until the spread shrinks down to close out your position. 90%+ of the time.. News is just an excuse for market makers to move the market where they already wanted to go. The market rarely moves short term because of the news. News is just their excuse to get in or out of positions and leave retail traders holding the bag. Then the the talking heads/news writers make excuses later why the market reacted opposite of news.. Ie opposite of what it should have done. But you'll notice.. It's already after the fact. Always.
  • #44
  • Oct 19, 2020 8:37pm Oct 19, 2020 8:37pm
Quoting JaxPacific
As mentioned, this won't work as described. 2 things will happen. 1: the spread will widen, price will jump and you either won't be able to get in or out of the trade. Or 2: it will trigger one order, and if you're in the us, will not trigger your other order as it goes the other direction, putting you in a losing trade. The last time it worked for me was... Early 2000's I think. Option 3 is.. It works for you.. And you have a broker that doesn't widen spreads which means you need a new broker as they are not an ecn.. They are a bucketshop. Pakeha...
The key with my approach is to use a news trading EA where the straddle floats with price until the second the news triggers. If the straddle doesn’t float with price prior to the news one or both of the entries can get triggered before the news event. That is what you need to avoid. You can set the float to come off at whatever time you want.
  • #45
  • Oct 23, 2020 1:00am Oct 23, 2020 1:00am
Quoting pakeha
{quote} The key with my approach is to use a news trading EA where the straddle floats with price until the second the news triggers. If the straddle doesn’t float with price prior to the news one or both of the entries can get triggered before the news event. That is what you need to avoid. You can set the float to come off at whatever time you want.
I would like to try a successful EA for news sometime.
Please excuse the bad English via Google Translate.
  • #46
  • Oct 23, 2020 2:16am Oct 23, 2020 2:16am
I am practicing this strategy with different sl and tg on daily trade with 1h candle chart...its ok for a part time trader
  • #47
  • Oct 25, 2020 1:30am Oct 25, 2020 1:30am
Quoting pakeha
I am a news trader who uses straddle trading. I prefer to trade red news events where there is a high likelihood that the price will only go one way - CPI news releases are a good example. This way I am not going to be whip-sawed (it happens). I enter the trades 1-2 minutes ahead of the release. The spread widening usually happens in the last 30 seconds. In order to manage price fluctuation before the actual news release, I use a commercial EA that allows my straddle to float with the price and in this way, I don't get all/part of my straddle stopped...
Do you offer a discount on commercial EA?
Please excuse the bad English via Google Translate.
  • #48
  • Oct 26, 2020 10:27am Oct 26, 2020 10:27am
Quoting dokopy
{quote} Do you offer a discount on commercial EA?
Its not my EA. It is one that you can buy commercially.
  • #49
  • Oct 26, 2020 11:36am Oct 26, 2020 11:36am
Quoting pakeha
{quote} Its not my EA. It is one that you can buy commercially.
Is it successful in the long run? Where to buy?
Please excuse the bad English via Google Translate.
  • #50
  • Oct 26, 2020 11:57am Oct 26, 2020 11:57am
How you deal with the price swing both ways immediately after release of the High impact News? In most cases both buy and sell stops are get activated.
  • #51
  • Oct 26, 2020 6:55pm Oct 26, 2020 6:55pm
Quoting dokopy
{quote} Is it successful in the long run? Where to buy?
Dokopy, I use a news trading EA. It allows you to set the straddle ahead of the news event, incl TP and SL. It allows the straddle to float with the price until the time of the news event, when it sets the straddle in play. It is not a set and forget news trader that automatically trades every news event. You have to set it up manually for each individual news event that you want to trade.
  • #52
  • Edited 11:22pm Oct 26, 2020 6:58pm | Edited 11:22pm
Quoting dokopy
{quote} Is it successful in the long run? Where to buy?
https://www.forexfactory.com/thread/...expert-advisor
  • #53
  • Last Post: Oct 26, 2020 6:58pm Oct 26, 2020 6:58pm
Quoting fxchum
How you deal with the price swing both ways immediately after release of the High impact News? In most cases both buy and sell stops are get activated.
As I mentioned previously I trade news events where I know there is a high probability of price going one way (e.g. CPI). Regardless, when one side of the straddle activates the other immediately cancels. That is how I set up the trade.
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