Hi.
I have an idea that i would like to have some feedback at.
If there indeed is a spike of a news release (say for exemple: NFP). then i would like to open 1 lot at each pip it moves. A trailing stop loss will be aplly just 1 pip behind.
Exempel: EUR/USD is trading at 1.3005 and the NFP comes out much wors then expected.
The price ofcourse will move...
I would then like to open 1 lot at 1.3010 with a trailing stop loss at 1.3009 that moves with the price every pip i moves. i.e. when the price is at 1.3011 the stop loss is at 1.3010, when the price ia at 1.3012 the stop loss is at 1.3011, when the price ia at 1.3013 the stop loss is at 1.3012 and so on and so on.
But there is more....
when the price hits 1.3011 i would like to open even one more lot at the same maner as describe above with a trailing stop loss just one pip behind...
when the price hits 1.3012 i would like to open even one more lot at the same maner as describe above with a trailing stop loss just one pip behind...
when the price hits 1.3013 i would like to open even one more lot at the same maner as describe above with a trailing stop loss just one pip behind...
and so on, and so on, and so on, and so on, and so on....
It will countine to do this until the price retrace. When that happens ofcourse the stop loss will be hit. The last lot that was opened and did not moved in favour for you will ofcourse be a lose, but every othe lots will be very profitable.
-------------------
But my question now is if this is possible at al? I use MetaTrader 4 and i know it is possible to program EA that make trades automaticlly so therotical this would not be impossible i think... but i am no programer of any kind.
Can someone please help me out. I will then test this system at demo, mini and a standard account and after that i will present the results. If it is good wït might be a good way to take advantage of the news spike for everyone in here... if it's not profitable no one beside me have lost money....
---------------------
/ JoLi
I have an idea that i would like to have some feedback at.
If there indeed is a spike of a news release (say for exemple: NFP). then i would like to open 1 lot at each pip it moves. A trailing stop loss will be aplly just 1 pip behind.
Exempel: EUR/USD is trading at 1.3005 and the NFP comes out much wors then expected.
The price ofcourse will move...
I would then like to open 1 lot at 1.3010 with a trailing stop loss at 1.3009 that moves with the price every pip i moves. i.e. when the price is at 1.3011 the stop loss is at 1.3010, when the price ia at 1.3012 the stop loss is at 1.3011, when the price ia at 1.3013 the stop loss is at 1.3012 and so on and so on.
But there is more....
when the price hits 1.3011 i would like to open even one more lot at the same maner as describe above with a trailing stop loss just one pip behind...
when the price hits 1.3012 i would like to open even one more lot at the same maner as describe above with a trailing stop loss just one pip behind...
when the price hits 1.3013 i would like to open even one more lot at the same maner as describe above with a trailing stop loss just one pip behind...
and so on, and so on, and so on, and so on, and so on....
It will countine to do this until the price retrace. When that happens ofcourse the stop loss will be hit. The last lot that was opened and did not moved in favour for you will ofcourse be a lose, but every othe lots will be very profitable.
-------------------
But my question now is if this is possible at al? I use MetaTrader 4 and i know it is possible to program EA that make trades automaticlly so therotical this would not be impossible i think... but i am no programer of any kind.
Can someone please help me out. I will then test this system at demo, mini and a standard account and after that i will present the results. If it is good wït might be a good way to take advantage of the news spike for everyone in here... if it's not profitable no one beside me have lost money....
---------------------
/ JoLi