How to trade NFP/FOMC and make pips | Page 17 | Forex Factory

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How to trade NFP/FOMC and make pips

  • #321
  • Jun 5, 2015 3:33am Jun 5, 2015 3:33am
Of course, I'm demo-ing on Oanda, so I'll get chewed to shreds by the spreads, LOL!
  • #322
  • Jun 5, 2015 4:18am Jun 5, 2015 4:18am
loving the work of both Scoobie and MathTrader7. lets see how today plays out.
  • #323
  • Jun 5, 2015 5:16am Jun 5, 2015 5:16am
thanks for strategy. very cool. please why not release code?

T minus 15
  • #324
  • Jun 5, 2015 5:21am Jun 5, 2015 5:21am
Quoting pabloroacho
thanks for strategy. very cool. please why not release code? T minus 15
You're welcome! :-)
Please note that all the EAs, indicators and scripts that I post here in FF are free but not open-source. This is my personal policy.
Trading is the hardest way to make easy money...
  • #325
  • Jun 5, 2015 5:43am Jun 5, 2015 5:43am
That was fun, and I made 33 pips on demo. But, I'm not sure what I was seeing.

Some of the buys were closing out automatically, I don't know why. None of them had a stop loss, I just went with the hedge.

When I saw a couple hundred pips profit, I hit the "Close Basket" button. Might be just luck I ended up with 33.
  • #326
  • Jun 5, 2015 5:45am Jun 5, 2015 5:45am
Quoting blueruby
That was fun, and I made 33 pips on demo. But, I'm not sure what I was seeing. Some of the buys were closing out automatically, I don't know why. None of them had a stop loss, I just went with the hedge. When I saw a couple hundred pips profit, I hit the "Close Basket" button. Might be just luck I ended up with 33.
Maybe you had margin stop out where your broker starts closing the orders with the highest loss one by one until you will have enough margin...
Trading is the hardest way to make easy money...
  • #327
  • Jun 5, 2015 5:57am Jun 5, 2015 5:57am
MathTrader7, where is the best place to start to learn to code for mt4
  • #328
  • Jun 5, 2015 6:09am Jun 5, 2015 6:09am
Incredible ...after news and the big volatility for any reason the pending orders of my buy basket are gone
and now I see a huge DD
  • #329
  • Jun 5, 2015 6:11am Jun 5, 2015 6:11am
buy basket... on demo AC
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB
Slowly but constantly...
  • #330
  • Jun 5, 2015 6:11am Jun 5, 2015 6:11am
Quoting MathTrader7
{quote} Maybe you had margin stop out where your broker starts closing the orders with the highest loss one by one until you will have enough margin...
No, it's a $60,000 demo account and I was trading the 0.1 lot. Losses varied from $4 to $71. gains from 0 to $54.
  • #331
  • Jun 5, 2015 6:12am Jun 5, 2015 6:12am
Quoting madscalp
Incredible ...after news and the big volatility for any reason the pending orders of my buy basket are gone and now I see a huge DD
I just hope it is a demo account. I tried to warn people not go live with this strategy (and the EA) until it has been fully tested to be profitable.
Trading is the hardest way to make easy money...
  • #332
  • Jun 5, 2015 6:45am Jun 5, 2015 6:45am
Quoting MathTrader7
{quote} I just hope it is a demo account. I tried to warn people not go live with this strategy (and the EA) until it has been fully tested to be profitable.
Yes it's in demo
but I don't understand why the pending are disappeared during the bounce
any idea ?
I think if the pending had worked the basket would in gain
  • #333
  • Jun 5, 2015 6:47am Jun 5, 2015 6:47am
Quoting madscalp
{quote} Yes it's in demo but I don't understand why the pending are disappeared during the bounce any idea ?
I checked the code. There is no way in which the EA deletes the pending orders in the situation happened to you. They may be deleted by the broker according to some policy.
Trading is the hardest way to make easy money...
  • #334
  • Jun 5, 2015 7:00am Jun 5, 2015 7:00am
NFP results here: tried one buy and one sell basket.
The BUY worked great, reached the target in only few minutes thanks to the pending orders but the SELL terminated in a huge DD due to the initial spike that activated 1 double sized pending buy. Let's see in a while during FOMC how it works.
I'm still of the idea that we have to think about if the market reverse after atcivated the pendings...
  • #335
  • Jun 5, 2015 7:28am Jun 5, 2015 7:28am
What causes you to trade the Buy or Sell Button? Thanks for your response.
  • #336
  • Jun 5, 2015 7:35am Jun 5, 2015 7:35am
Quoting MathTrader7
{quote} I checked the code. There is no way in which the EA deletes the pending orders in the situation happened to you. They may be deleted by the broker according to some policy.
You're right Math. It's probably due to broker.
It seems nobody has had this issue.
  • #337
  • Jun 5, 2015 8:07am Jun 5, 2015 8:07am
Quoting blueruby
{quote} No, it's a $60,000 demo account and I was trading the 0.1 lot. Losses varied from $4 to $71. gains from 0 to $54.
You can't hedge in oanda. Try a different broker
  • #338
  • Jun 5, 2015 8:28am Jun 5, 2015 8:28am
Quoting agiluz31
{quote} You can't hedge in oanda. Try a different broker
Thanks for mentioning it. I just want to highlight it.
OANDA broker does not allow the traders to open hedge positions. So this strategy and the EA won't work on neither Live nor Demo accounts of OANDA.
Trading is the hardest way to make easy money...
  • #339
  • Jun 5, 2015 8:38am Jun 5, 2015 8:38am
Quoting MathTrader7
{quote} Thanks for mentioning it. I just want to highlight it. OANDA broker does not allow the traders opening hedge positions. So this strategy and the EA won't work on neither Live nor Demo accounts of OANDA.
Hey MT. It depends which branch you have the account open in. I have Oanda Europe and my accounts have hedge option. If you are in NA, then FIFO, hedge and other rules apply.
Best,
Josh
  • #340
  • Jun 5, 2015 10:22am Jun 5, 2015 10:22am
Probaly has to do with Oanda - they don't allow hedging, so when the pending sell was hit, the buy was closed out...
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