Red News Hedge Trading + EA

Quoting kevinmaroons

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Hi, Im trading at PFD-NZ and used your EA to my live account for test with 250$ balance and 1:300 of leverage for 100% stop out. i have tested on demo and all working great until i traded on live acc. When i pressed Buy/sell then it opened on a buy position at 0.01 volume. Pls help me ! Thanks

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Quoting MathTrader7

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{quote} I usually set the lot size to 0.1, with perfect hedge calculation enabled and a target profit of 5 USD. Because EA checks if the net profit is greater than the target profit to close the basket, when price jumps there is a high probability that profit exceeds 5 USD. In my recent trade of GBP red news, it gave me a profit of about 20 USD :-) So, my advice is to set the target profit to a small amount. If the market is generous, it gives us more, if not, there is still higher probability to reach a small amount of profit to close the basket...

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Quoting Traffex

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{quote} When you trade a pair with positive correlation, when do you take the Buy/Sell and when the Sell/Buy Button? When do you close manually, before TP or SL is reached ?

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Quoting MathTrader7

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{quote} No one (except for a few people who are releasing a high impact news data) knows about the outcome of high impact red news. So, what I do is to analyze the recent data of that particular news and guess what would be most likely the outcome. Since I may be wrong, I go for hedging to reduce the possible loss of trading red news. For my take profit rule, see Post 48. For SL, I manually click on Close All button when I feel that it is not promising anymore to keep...

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Quoting yorkshirelad

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worked perfectly on IC cheers MT

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Quoting MathTrader7

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{quote} No one (except for a few people who are releasing a high impact news data) knows about the outcome of high impact red news. So, what I do is to analyze the recent data of that particular news and guess what would be most likely the outcome. Since I may be wrong, I go for hedging to reduce the possible loss of trading red news. For my take profit rule, see Post 48. For SL, I manually click on Close All button when I feel that it is not promising anymore to keep...

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Quoting Traffex

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{quote} I think, mostly the direction of the news-trade is equal to the direction of the last about 5 minutes of the watched pair.

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Quoting MathTrader7

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{quote} Check your MT4 Journal tab for any re-quote error. If that is the case, then it means that your broker had rejected to open a Sell position for the hedge symbol. Increase slippage and trade 30 seconds (not 2-3 seconds) before a red news release time.

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Quoting yurez83

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{quote} Hello dear, MathTrader7. Thank you for the adviser. I have a question about his work. When we open the deal before the news and hedzhiruem another couple we did not know what the news will be released - positive or negative for the pair. If we assume we have sold GBP / DRC B and bought the EUR / DRC and the news came out negative for the pound and it because it is very volatile and can move 100 points in the opposite direction. The question then becomes what is the meaning of this short-term hedge? If I know that there are strategies work...

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Quoting kevinmaroons

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{quote} hi MT, Can you please check the files at the attachment. it showed error but i could not know what is it. i can see that in the DEMO account the symbosl go without DOT as normal. ex : EURUSD USDJPY and on the Real Account the symbols go with dots. ex: EURUSD. USDJPY. Please help me with this symbols {image} {image} {image}

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Quoting MathTrader7

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{quote} In real/demo account you have to enter the complete name of a symbol. In your example, enter USDJPY. (with dot at the end of the symbol) as hedge symbol in the input settings of the EA not USDJPY

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Quoting MathTrader7

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{quote} In real/demo accounts you have to enter the complete name of a symbol. In your example, enter USDJPY. (with a dot at the end of the symbol) as hedge symbol in the input settings of the EA (not USDJPY)

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Quoting LvCa

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Good morning MathTrader7 , wich TF do you looking for watching the correlation ? Becouse in different TF there are different % of correlation , yesterday i tried h1 correlation but maybe is less stable than D1 TF ... what do you think ? Thank you in advance

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Quoting MathTrader7

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{quote} Hello LvCa, and good morning to you from Sweden This is a good question! I use H1 open prices of 200 past bars. This is just to identify if the correlation is positive or negative for two symbols so that the EA hides irrelevant buttons. Best, Math

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Quoting MathTrader7

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Building Permits news is scheduled to release in 2 hours. Let's trade it! I go for BUY/BUY on EURUSD hedged with USDJPY.

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Quoting LvCa

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{quote} Thanks , i dont look mutch movment .. maybe they attend the news '' USD FOMC meeting minuts'' release in 5.20 hours and we' ll can see (maybe) a good movment

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