Hello guys...is there anyone here using EA for news trading? i saw at ebay, someone sell his EA for news trading and say that if we do not make money with that EA during news time, we will not lose anything. i don't know how it works, but i think it is very interesting.
I my self have an idea for news trading using EA ( I never use EA and do not understand how it works, so please correct me if i am wrong)
since during the news release, usualy the price move fast in a direction (not always, but mostly). so i think maybe we can make EA like this:
at news time, for example 09.00 GMT, we set 2 different pending order for eurusd. 1 open buy position, and 1 open sell position. if eurusd hit 10 pips up first, we will have a buy open position (asuming market will go in up direction) and automatically cancel the sell order. in contrary, if eurusd move down and hit 10 pips down first, we will have a sell open position, and automatically cancel the buy order. but this idea carry risk, if market move crazy, hit 10 pips up and go another direction
.
can we do that with EA?
please share your idea and opinion here
I my self have an idea for news trading using EA ( I never use EA and do not understand how it works, so please correct me if i am wrong)
since during the news release, usualy the price move fast in a direction (not always, but mostly). so i think maybe we can make EA like this:
at news time, for example 09.00 GMT, we set 2 different pending order for eurusd. 1 open buy position, and 1 open sell position. if eurusd hit 10 pips up first, we will have a buy open position (asuming market will go in up direction) and automatically cancel the sell order. in contrary, if eurusd move down and hit 10 pips down first, we will have a sell open position, and automatically cancel the buy order. but this idea carry risk, if market move crazy, hit 10 pips up and go another direction
. can we do that with EA?
please share your idea and opinion here
