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How to trade NFP/FOMC and make pips

  • #241
  • Jun 2, 2015 4:11am Jun 2, 2015 4:11am
Quoting JoshuaHope
{quote} Nice, thank you MT for the new toy ;-) Testing will be fun. Best, Josh
You're welcome! :-)
Let's see how the EA and the strategy works this Friday ;-)
Trading is the hardest way to make easy money...
  • #242
  • Jun 2, 2015 4:12am Jun 2, 2015 4:12am
Quoting madscalp
Great coding MathTrader It's possible to get also the target in percentage of balance ?
You're welcome! :-)
I'll add that feature to the EA in the next versions...
Trading is the hardest way to make easy money...
  • #243
  • Jun 2, 2015 4:14am Jun 2, 2015 4:14am
Quoting Scoobidoobi
{quote} Fantastic Job MathTrader, you made the EA very interactive and colorful.Let's put to test on NFP Live this friday on 2 different a/cs one for BUY Basket and other for SELL Basket and collect some pips as posted. cheers!
You're welcome! :-)
I have the same plan for this Friday. I'll run both Buy and Sell basket on two demo accounts a few minutes before NFP news release time. Let's see what happens ;-)
Trading is the hardest way to make easy money...
  • #244
  • Jun 2, 2015 4:18am Jun 2, 2015 4:18am
Quoting MathTrader7
{quote} You're welcome! :-) I have the same plan for this Friday. I'll run both Buy and Sell basket on two demo accounts a few minutes before NFP news release time. Let's see what happens ;-)
We can test tomorrow on the ISM Non-Manufacturing PMI
  • #245
  • Jun 2, 2015 4:31am Jun 2, 2015 4:31am
Quoting madscalp
{quote} We can test tomorrow on the ISM Non-Manufacturing PMI
Good idea! I will test the EA tomorrow.
Trading is the hardest way to make easy money...
  • #246
  • Edited 5:24am Jun 2, 2015 5:10am | Edited 5:24am
Today I opened two baskets, first a buy basket and then a sell basket, both closed with the target profit (10 USD).
Attached Image (click to enlarge)
Click to Enlarge Name: buy_sell_basket_2015-06-02.png Size: 53 KB
Trading is the hardest way to make easy money...
  • #247
  • Edited 7:52am Jun 2, 2015 6:42am | Edited 7:52am
Quoting Scoobidoobi
Let's put to test on NFP Live this friday on 2 different a/cs one for BUY Basket and other for SELL Basket
I just wanted to mention that you can use only one demo account for opening a Buy and a Sell basket at the same time, if you attach the EA to two charts and set different Magic Numbers to them.
Trading is the hardest way to make easy money...
  • #248
  • Jun 2, 2015 6:59am Jun 2, 2015 6:59am
Guys i don't understand the main logic here


if you are trading in news time , how much profit are you expecting from single news , if you are getting only 30 to 40 pips with the whole basket then what is the point of waiting for news time, in a moth you will hardly get 3 to 4 news of that much movement and even if this strategy fail in one news also it will be waste of time
  • #249
  • Jun 2, 2015 7:05am Jun 2, 2015 7:05am
Third basket was also closed in profit today:
Attached Image (click to enlarge)
Click to Enlarge Name: buy_sell_basket_2015-06-02_3rd.png Size: 37 KB

It seems that the strategy works well with a judgement about the trend of EURUSD during LONDON session.
Trading is the hardest way to make easy money...
  • #250
  • Jun 2, 2015 8:16am Jun 2, 2015 8:16am
Quoting MathTrader7
Third basket was also closed in profit today:{image} It seems that the strategy works well with a judgement about the trend of EURUSD during LONDON session.
OK but how to choose buy or sell basket at L.O ?
  • #251
  • Jun 2, 2015 8:31am Jun 2, 2015 8:31am
MathTrader7,
Thanks Scoobidoobi, for the concept of trading NEWS this way. Also Thanks to MathTrader7 for this very quick and clean EA for USD. Much appreciated. Are you planning to make options for trading other currencies, such as JPY, EUR, etc..? Would be nice if you would consider doing so. Thanks.

Bruce
  • #252
  • Jun 2, 2015 9:48am Jun 2, 2015 9:48am
Quoting brucech
MathTrader7, Thanks Scoobidoobi, for the concept of trading NEWS this way. Also Thanks to MathTrader7 for this very quick and clean EA for USD. Much appreciated. Are you planning to make options for trading other currencies, such as JPY, EUR, etc..? Would be nice if you would consider doing so. Thanks. Bruce
IMO it's possible but the highest volatility is with USD
  • #253
  • Jun 2, 2015 2:03pm Jun 2, 2015 2:03pm
Quoting madscalp
{quote} IMO it's possible but the highest volatility is with USD
If someone used it today US timings would have made some pips with huge moves in EU,GU,AU,NU (Raise) and UCAD,UJ.UCHF (Drop) very good stuff from math trader during volatile times also. But folks its 100% USD hedged system still caution advised don't put huge lots at stake use proper Money management and make some pips easily..
Scoobi doobi doo
  • #254
  • Jun 2, 2015 2:32pm Jun 2, 2015 2:32pm
Quoting Scoobidoobi
{quote} ...... But folks its 100% USD hedged system still caution advised don't put huge lots at stake use proper Money management and make some pips easily..
Scoobidoobi,

Thanks. Great idea here --100% USD hedged system.

Bruce
  • #255
  • Jun 2, 2015 2:52pm Jun 2, 2015 2:52pm
Quoting MathTrader7
Third basket was also closed in profit today:{image} It seems that the strategy works well with a judgement about the trend of EURUSD during LONDON session.
Thank you. Which broker did you use? The EA is not functioning on mine.
  • #256
  • Jun 2, 2015 3:04pm Jun 2, 2015 3:04pm
Quoting aelimian
{quote} Thank you. Which broker did you use? The EA is not functioning on mine.
I use IC Markets, demo account with no problem.
Trading is the hardest way to make easy money...
  • #257
  • Jun 3, 2015 3:05am Jun 3, 2015 3:05am
DONT KNOW HOW TO USE MATHTRADER ea, dont understand suffix of pairs part, what does that mean?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #258
  • Jun 3, 2015 3:43am Jun 3, 2015 3:43am
Quoting Soros
DONT KNOW HOW TO USE MATHTRADER ea, dont understand suffix of pairs part, what does that mean?
If your broker uses a suffix for pairs such as EURUSDmicro, you need to set Suffix of Pairs to micro.
Trading is the hardest way to make easy money...
  • #259
  • Jun 3, 2015 3:46am Jun 3, 2015 3:46am
Quoting MathTrader7
{quote} If your broker uses a suffix for pairs such as EURUSDmicro, you need to set Suffix of Pairs to micro.
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #260
  • Jun 3, 2015 7:25am Jun 3, 2015 7:25am
Today I randomly decided to open a Sell basket, and it was also closed in profit:
Attached Image (click to enlarge)
Click to Enlarge Name: 2015_03_06_1.png Size: 28 KB
Trading is the hardest way to make easy money...
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