Since you never know if a report will cause the market to fall or jump, I think the way to go is to place 2 limit orders - 5-6 pips on either side of the current price, with a 20\5 (Give or take) P&L ratio. That way, You're almost guaranteed to take the correct side of the spike once the report comes out.
I'm trying it on demo mode right now, with pretty good results thus far.
Did anyone else try it? How do you place your orders?
I'm trying it on demo mode right now, with pretty good results thus far.
Did anyone else try it? How do you place your orders?