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NZD GDP Today at 4-45PM (EST)

  • #41
  • Dec 20, 2006 5:22pm Dec 20, 2006 5:22pm
Thanks for the reply guys!!!!

Which means you guys straddle +- 5 pips from the current price, not high and the low of the current bar?

When you modify your order last 20 seconds from the news, do you have enough the time to modify both of your orders for profit target and limits?


Which broker do you use? I'm planning to change my broker very soon.


Thanks in advance


Quoting BurgerKing
I now place orders 200~500 pips away from the price many minutes (sometimes hours) ahead of the news. Then I modify the orders seconds before the news; in this case 4:44:40PM NY Time.

PRO:
* I dont risk getting entered by a false spike before the news.
* Some brokers dont allow putting orders seconds to a minute before the news. Putting the orders early ensures I have the orders.

CON:
* It wont work when the news is released early. So far, early releases happened mostly with CAD news and US FOMC.
  • #42
  • Dec 20, 2006 5:32pm Dec 20, 2006 5:32pm
The autoclick I use is for any broker and I'm very happy with it. Almost ever put my Mk order before the spike.

Quoting Ghostpipper
the software u used is autoclick or are u using the ninjatrader on forex.com? and how often does it do a good job for you?
  • #43
  • Dec 20, 2006 5:39pm Dec 20, 2006 5:39pm
Did anyone trade this with Oanda? What was your profit after the 15 pip spread?
Mr. Trend
  • #44
  • Dec 20, 2006 5:52pm Dec 20, 2006 5:52pm
Quoting jon167
The autoclick I use is for any broker and I'm very happy with it. Almost ever put my Mk order before the spike.
Could you please give us the website where we can download this software.

Thanks
  • #45
  • Dec 20, 2006 9:46pm Dec 20, 2006 9:46pm
Thanks for all the responses to my inquiry on whether you saw a price of 6983 on NZD/USD at 4:44 est.

For those of you who hadn't heard, I was entered short on the NZD GDP q/q announcement at 4:44 est, 21:44 gmt, for a price of 6945 then immediately stopped out at 6983 (38 pips away). Be advised not only did the broker reverse that transaction, but also credited me for at least a partial profit on my short trade!

Advice:

Always, always, always save a screen shot of your trades and trading log/journal (whatever your broker calls it) as you may need it for disputing errors. Keep as much detail as possible, before logging off your system.
  • #46
  • Dec 20, 2006 9:51pm Dec 20, 2006 9:51pm
Quoting MoneyMa$ter
For those of you who heard I was entered short on NZD GDP q/q at 4:44 est, 21:44 gmt for a price of 6945 then immediately stopped out at 6983, be advised not only did the broker reverse that transaction, but also credited me for at least a partial profit on my short trade!

Advice:

Always, always, always save a screen shot of your trades and trading log/journal (whatever your broker calls it) as you may need it for disputing errors. Keep as much detail as possible, before logging off your system.
What actually happened? And the broker's name is?
Mr. Trend
  • #47
  • Dec 20, 2006 10:12pm Dec 20, 2006 10:12pm
Quoting Mr Trend
What actually happened? And the broker's name is?
MrTrend my friend,

See post #28 as to what happened. On the question of broker's name, due to historical events well documented in FF, I no longer share the names of the specific brokers I use.
  • #48
  • Dec 21, 2006 12:32am Dec 21, 2006 12:32am
Quoting MoneyMa$ter
Advice:

Always, always, always save a screen shot of your trades and trading log/journal (whatever your broker calls it) as you may need it for disputing errors. Keep as much detail as possible, before logging off your system.
Last times I tried that with NFA registered broker IBFX, it did not work.

Is it possible or allowed to "remove/delete" an Entry Order, when the price went passed throught it hitting the Entry Price and Target profit? Take note, the time betweeen Entry and Exit is about 5 minutes - not 30 seconds.
That is exactly what happened to me with IBFX. They told me that I deleted the Order about 30 seconds after the price hit my Target.

Buttom Line: It depends on your broker. I guess yuor broker listens to its clients. If the broker dont listen, dont bother and move somewhere else.
  • #49
  • Dec 21, 2006 12:45am Dec 21, 2006 12:45am
Quoting BurgerKing
Last times I tried that with NFA registered broker IBFX, it did not work.

Is it possible or allowed to "remove/delete" an Entry Order, when the price went passed throught it hitting the Entry Price and Target profit? Take note, the time betweeen Entry and Exit is about 5 minutes - not 30 seconds.
That is exactly what happened to me with IBFX. They told me that I deleted the Order about 30 seconds after the price hit my Target.

Buttom Line: It depends on your broker. I guess yuor broker listens to its clients. If the broker dont listen, dont bother and move somewhere else.

All transaction details are recorded in the log files of Metatrader on your PC. So if you go to these log files, you should be able to see exactlly what happened. In case you are not aware , the log files can be found in your PC, Go to Program files/Metatrader 4/log files.
If ever you deleted that order that you mentioned above, it would show in the log files. Otherwise, you have proof that you did not delete it.
  • #50
  • Last Post: Edited 6:23am Dec 21, 2006 4:49am | Edited 6:23am
What can be found on that log anyways?
Time of the Orders Posted?
Command (delete/modify) I sent to the server?

The broker themself specifically said I deleted it many seconds after price hit the TP. Here is the Official Server Log they sent me:

Quote
2006.09.14 08:29:27ipaddress'account#': order #xxxxxxxx, buy stop 20.00 GBPUSDm at 1.8792
2006.09.14 08:29:27ipaddress'account#': order #xxxxxxxx, buy stop 20.00 GBPUSDm at 1.8792
2006.09.14 08:35:52ipaddress'account#': delete order #xxxxxxxx, buy stop 20.00 GBPUSDm at 1.8792
2006.09.14 08:35:52ipaddress'account#': deleted #xxxxxxxx, buy stop 20.00 GBPUSDm at 1.8792
(Time is IBFX time - less 4 hours to get EST time)

GBPUSD touched my Entry price around 8:30:12; at this time, the Order should be filled. By 8:35:10, price reached my TP and should exit on it's own.

So how in hell could I have deleted it 40 seconds after it exited on its own, much less how could I have deleted a filled position?
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