How to trade NFP/FOMC and make pips

Quoting MathTrader7

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Here is the first version of the EA I developed based on the strategy described in Post 1. This version has not been tested yet. Usage: The user clicks on the Fire! button on the upper right side of the chart the EA attached to a few minutes before NFP/FOMC news release time, and the EA executes the strategy. {file} {image}

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Quoting techlover

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{quote} Hello MathTrader, i have tested this Ea in the London opening session today , every thing went perfect trades are opened as per the strategy but today the market little slow at London session so after few minutes the hedge pending orders of 0.2lot got closed and market went down after the bids those bids are closed , as a result as there is no hedge the open trades 0.1 buys went to negative , so may be these pending orders shld not be closed after fixed time and also if possible add both buy and sell baskets Thank you

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Quoting MathTrader7

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{quote} Thanks for testing and the bug report. Here is Version 1.10 of the EA that fixes bugs. {file}

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Quoting techlover

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{quote} can u add both buy and sell baskets ?

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Quoting MathTrader7

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{quote} You want the EA open both BUY and SELL basket at the same time? I can implement it, but it is not according to the strategy described in Post 1.

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Quoting techlover

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{quote} no not at the same time , we can use any of them like basket 1 : 0.1 all buy orders and 0.2 pending as sell basket 2: 0.1 all sell orders and 0.2 pending all buy give the option to use any one because today the market is down trend and we are placing buy orders

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Quoting MathTrader7

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{quote} I was thinking about adding two buttons, one for Buy basket and another for Sell basket. I also think that it would perfectly make sense to have both options. I'll implement such feature in the next versions.

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Quoting Scoobidoobi

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{quote} Let Mr Market decide where it wants to go, our objective is to book profits as simple as that : To avail profits do the following : Have 2 Accounts : Account 1: Take all 6 buys 0.1 lot and keep sell pending orders at 30pips distance 0.2 lots as discussed Account 2 : Take all 6 sells 0.1 lot and keep buy pending orders at 30pips distance 0.2 lots as discussed you can make double pips this way , use the trailstop EA I have posted earlier by setting ProfitTarget parameter on the both accounts (assuming its MT4 based) and book $$ Cheers Have...

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Quoting MathTrader7

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Here is Version 1.30 of the EA that implements the Buy/Sell Basket buttons, and the Close Basket button. {image} After fire the buttons look like this: {image} {file}

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Quoting TheMaxx

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I think techlover is talking about this: {quote}

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Quoting techlover

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{quote} great work math perfect !

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Quoting techlover

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{quote} you are right MAXX , but not in two accounts , i think while palcing the trades , we shld look for the trend of EURUSD and GBPUSD and place the basket according to the trend, Ex: today london opening EUR and GBP went down with good volume but reverse pair like USDCHF , USDCAD and USDJPY has no volume to cover the minus of EUR and GBP , so if the market is like this its better we go with the trend of big pairs like EUR and GBP

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Quoting techlover

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this is the result of first trade 1.0 lot with 100 as target {image}

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Quoting fsm

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{quote} What was the underlying news event for that trade?

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Quoting techlover

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this is the result of first trade 1.0 lot with 100 as target {image}

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Quoting MathTrader7

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{quote} Here is a similar result with 0.1 lot and 10 USD target: {image}

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Quoting MathTrader7

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Here is Version 1.30 of the EA that implements the Buy/Sell Basket buttons, and the Close Basket button. {image} After the fire the buttons look like this: {image} {file}

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