How to trade NFP/FOMC and make pips | Page 18 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Demo contest only - 20 pips TP and 20 pips stop - Any TF 54 replies

Move TP to -x pips if trade goes -x pips ea 1 reply

Percentage vs. Pips per Trade vs. Pips per Day/Hour! 7 replies

I lose 40 pips and win 6 to 10 pips... 17 replies

NFP=no free pips(non farm.. how to trade it) 21 replies

Attachments: How to trade NFP/FOMC and make pips
Exit Attachments

How to trade NFP/FOMC and make pips

  • #341
  • Jun 5, 2015 1:49pm Jun 5, 2015 1:49pm
need help

i got the advisor installed and working but it don't trade. I press the fire sell, fire buy, close basket. nothing happens

what am i doing wrong???
Attached Image (click to enlarge)
Click to Enlarge Name: Sem Título.jpg Size: 143 KB
  • #342
  • Jun 5, 2015 1:53pm Jun 5, 2015 1:53pm
Quoting IgotAplan
need help i got the advisor installed and working but it don't trade. I press the fire sell, fire buy, close basket. nothing happens what am i doing wrong??? {image}
If you are using it on a Live account, you need to download Version 1.40.
Trading is the hardest way to make easy money...
  • #343
  • Edited 3:08pm Jun 5, 2015 1:57pm | Edited 3:08pm
Im trying on a demo, but i will update and test it.

thanks for the help and the EA.

Edit: nevermind, it worked on another broker (hotforex) but i can't make it work on EXNESS.

Thanks for the EA and the help. Happy weekend
  • #344
  • Jun 5, 2015 10:49pm Jun 5, 2015 10:49pm
Hi peeps I have a question regarding this strategy.

I understand in this strategy we open hedged trades. My question is what if after NFP the pending orders are triggered and immediately after the market turns and goes the other way. I have tried a similar strategy before and got slaughtered when it happened. How do you plan on dealing with that scenario?
  • #345
  • Jun 6, 2015 3:33pm Jun 6, 2015 3:33pm
no one trade this on nfp to show???
  • #346
  • Jun 6, 2015 4:55pm Jun 6, 2015 4:55pm
Quoting pabloroacho
no one trade this on nfp to show???
I am sorry, but my mt4s crashed on my vps. Thats what I get for running 4 platforms at once.
Best,
Josh
  • #347
  • Jun 7, 2015 1:23am Jun 7, 2015 1:23am
Quoting MathTrader7
Here is Version 1.40 of the EA that trades on Live accounts. {file} Note: The EA has not been fully tested yet, so there may be some bugs that cause your account blow up. USE IT AT YOUR OWN RISK, I DO NOT TAKE ANY RESPONSIBILITY.
Hi Math, I hope you are fine . Any restrictions for backtesting ? I get loading Errors.

Best, Verified
Attached Image (click to enlarge)
Click to Enlarge Name: error.jpg Size: 79 KB
  • #348
  • Jun 7, 2015 1:52am Jun 7, 2015 1:52am
Quoting verified
{quote} Hi Math, I hope you are fine . Any restrictions for backtesting ? I get loading Errors. Best, Verified {image}
Hello Verified,
I am fine, thanks mate :-)
it cannot be backtested since the strategy opens a basket of 6 pairs while the strategy tester only loads one currency pair data.
Trading is the hardest way to make easy money...
  • #349
  • Jun 7, 2015 1:54am Jun 7, 2015 1:54am
Quoting MathTrader7
{quote} Hello Verified, I am fine, thanks mate :-) it cannot be backtested since the strategy opens a basket of 6 pairs while the strategy tester only loads one currency pair data.
thanks, i should have known

best, verified
  • #350
  • Jun 8, 2015 8:28am Jun 8, 2015 8:28am
Hi MathTrader7,
Nice bit of work, the EA works well and is a little harvester of pips.
I am wondering if you could add to the input box on to EA to allow us to change the currency selections to a selection other than the six selected,
Six boxes for the currencies with the user free to make the selection of the currencies to use.
If a box was left blank then only the remaining currency inputs would be used for the EA.
Many thanks, appreciate your skills.
Pipernet.
  • #351
  • Jun 8, 2015 8:48am Jun 8, 2015 8:48am
Quoting pipernet
Hi MathTrader7, Nice bit of work, the EA works well and is a little harvester of pips. I am wondering if you could add to the input box on to EA to allow us to change the currency selections to a selection other than the six selected, Six boxes for the currencies with the user free to make the selection of the currencies to use. If a box was left blank then only the remaining currency inputs would be used for the EA. Many thanks, appreciate your skills. Pipernet.
Hello pipernet,
The EA implements the strategy described in Post 1. You can use a basket EA such as the one programmed by sellers9.
Trading is the hardest way to make easy money...
  • #352
  • Jun 8, 2015 8:57am Jun 8, 2015 8:57am
hi, i entered random ( eurusd ) 10 hours ago on demo and forgot it. now i checked: +63 USD, default settings, latest ea. usd 500 account.

cheers, verified.
  • #353
  • Jun 8, 2015 9:02am Jun 8, 2015 9:02am
Quoting verified
hi, i entered random ( eurusd ) 10 hours ago on demo and forgot it. now i checked: +63 USD, default settings, latest ea. usd 500 account. cheers, verified.
Take profit of the default settings is 10 usd ;-)
Trading is the hardest way to make easy money...
  • #354
  • Jun 8, 2015 9:54am Jun 8, 2015 9:54am
Hi MathTrader7
Very good, will have a look there, meanwhile your EA working nicely, 4 runs already closed at TP of 10 on a quiet day like today.
Many thanks again,
Pipernet.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 42 KB
  • #355
  • Edited Jun 9, 2015 5:57pm Jun 8, 2015 6:50pm | Edited Jun 9, 2015 5:57pm
Quoting madscalp
I'm looking for a board on my chart to visualize the NFP news according with my broker time (FXCM). Many thx.
Hi Madscalp,

FXCM recently updated the DailyFX News add-on for the Trading Station platform: http://bit.ly/1lyFhgG

It plots onto charts information directly from the DailyFX.com Economic Calendar. Both past and upcoming news releases appear on the corresponding candlestick.

Attached Image (click to enlarge)
Click to Enlarge Name: XJbHxtB.png Size: 275 KB


Hover the mouse pointer over each candlestick for information on the previous, forecasted and actual data from each economic news release.
News items will show as Red for high-importance events, Orange for medium-importance events, and Blue for low-importance events.
  • #356
  • Jun 11, 2015 10:00pm Jun 11, 2015 10:00pm
I used this EA yesterday on unemployment news and it was brilliant. Hit TP targer in less than a minute. Congratz Mathtrader, well done

But i used the Fire Sell, and EURUSD drop as we know. I wonder what would be the results if i used the fire buy?

What is the diference and when to use one or another? I did not get it yet.
  • #357
  • Jun 14, 2015 5:53pm Jun 14, 2015 5:53pm
Quoting Scoobidoobi
{quote} It doesn't happen most of the time Ferrufx, however we can't rule'em out. Hence to protect account at all cost we can use trailstop EA I posted to set SL on all open trades with following setting : Leave ProfitTarget=0 tentatively and enable 30pips SL for all open positions and trail the same, once you see some profits on all the open nett positions we can go & set ProfitTarget=10 (10USD profit example) it will close all orders for us. {image}
i think the exit rules can also be added in this ea ...Mathtrader would you please add this as an exit
  • #358
  • Jun 17, 2015 10:41am Jun 17, 2015 10:41am
fomc in 2 hours. tum de tum.
  • #359
  • Jun 17, 2015 12:56pm Jun 17, 2015 12:56pm
Quoting MathTrader7
{quote} Take profit of the default settings is 10 usd ;-)

EA has bugs, sometimes it puts 2 pending orders, sometimes 4 and sometimes 6
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #360
  • Jun 17, 2015 1:21pm Jun 17, 2015 1:21pm
Best way to trade FOMC/NFP is to shut down your PC unless u have insider info
when you can accurately predict the future, you leave nothing to chance.
0 traders viewing now