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News Trading System

  • #1
  • First Post: Edited Oct 19, 2016 12:45pm Aug 24, 2016 7:37am | Edited Oct 19, 2016 12:45pm
News trading system is an attempt to trade major/medium impact news of all currency pairs using dynamic straddle pending orders(buy/sell stop) to gauge the momentum and direction of markets with an auto expiry set to 15 minutes time from the start of the event also it would lead to automatic cancel of orders if not triggered.

Attached Image
Attached Image

Also we would have 30pip SL and 7pip Trail along with 50pip TP preset for the triggered position to manage position.

Results can be found here TE above as it continue to operate by only trading major events with the above said technique using degree of precise timing /technique to rack good pips.

Courtesy: It uses FF Calendar for fetching Medium/High Impact News and times server to get the matching GMT/UTC time of the news with MT4 time.
Scoobi doobi doo
  • #2
  • Aug 25, 2016 8:11am Aug 25, 2016 8:11am
Quoting Scoobidoobi
News Trading System is an attempt to trade major/medium impact news of all currency pairs using dynamic straddle pending orders(buy/sell stop) to gauge the momentum and direction of markets with an auto expiry set to 15 minutes time from the start of the event also it would lead to automatic cancel of orders if not triggered. {image} {image} Also we would have 30pip SL and 7pip Trail along with 50pip TP preset for the triggered position to manage position. Results can be found here for this month...
Do you activate your straddle on the news time, so how about slippage?
  • #3
  • Aug 26, 2016 1:42am Aug 26, 2016 1:42am
Quoting avoandry
{quote} Do you activate your straddle on the news time, so how about slippage?

EA activate trades at the news time - dynamically moving straddle pending orders at the start of news with auto expiry of 15minutes if not triggered
Scoobi doobi doo
  • #4
  • Aug 26, 2016 2:04am Aug 26, 2016 2:04am
Quoting Scoobidoobi
{quote} EA activate trades at the news time - dynamically moving straddle pending orders at the start of news with auto expiry of 15minutes if not triggered
Thanks for the answer, how do you manage slippage 'cause at news time, there will be high slippage?
  • #5
  • Aug 26, 2016 2:49am Aug 26, 2016 2:49am
How do you find Pepper for widening spread at news time?
We are all One. Be present. Be the Observer
  • #6
  • Aug 26, 2016 2:57am Aug 26, 2016 2:57am
Looks promising! 3 questions:
- How do you not get more losses when there are whipsaws during those news events?
- Do you cancel 1 direction if trades in another direction are triggered?
- How do you determine the pending orders price? Fibonacci?
  • #7
  • Aug 26, 2016 4:04am Aug 26, 2016 4:04am
Seem perfect strategy so far until now. I gonna try it manually since I don't have the EA. Thank you very much for the contribution in FF sir
  • #8
  • Aug 26, 2016 7:11am Aug 26, 2016 7:11am
Quoting Iamfx
How do you find Pepper for widening spread at news time?

I am checking for slippage and spread before entering order in EA. but once the pending order gets converted to market order if they trigger it we have stoploss and take profit and trailstop protection.

We have two news for today US GDP and Fed Yellen Speaks in 8/26 - I will post the trades if the market volatility is good and triggers the trades also you can check the trades in myfxbook posted in initial thread.

Good luck!
Scoobi doobi doo
  • #9
  • Aug 26, 2016 7:12am Aug 26, 2016 7:12am
Quoting smartfxlearn
Looks promising! 3 questions: - How do you not get more losses when there are whipsaws during those news events? - Do you cancel 1 direction if trades in another direction are triggered? - How do you determine the pending orders price? Fibonacci?

Buddy am using a moving pending orders according to the price action not a static fixed pending order which will whipsaw incase of zigzag moves thanks!
Scoobi doobi doo
  • #10
  • Aug 26, 2016 7:15am Aug 26, 2016 7:15am
Quoting fungfung
Seem perfect strategy so far until now. I gonna try it manually since I don't have the EA. Thank you very much for the contribution in FF sir
Fung, when you try manually you cannot continuously perform ordermodify at rapid pace based on price action .

Lets say you have decided initial straddle buy and sell stop are 20pips away from current market price , after the news once price moves up/down my pending order from EA also becomes dynamic moving the price according to the new current market price along with SL/TP all the time till automatic expiry of order if not triggered after 15-20min when there is no volatility and lack of momentum for market to decide to go either way UP or DOWN.

cheers
Scoobi doobi doo
  • #11
  • Aug 26, 2016 9:49am Aug 26, 2016 9:49am
Fed Yellen Speaks Event pips made

Attached Image (click to enlarge)
Click to Enlarge Name: uj.JPG Size: 26 KB


live myfxbook
Scoobi doobi doo
  • #12
  • Aug 27, 2016 4:17am Aug 27, 2016 4:17am
Quoting Scoobidoobi
Fed Yellen Speaks Event pips made {image} live myfxbook
Fantastic Scoobi .
I believe this is one of the most "Brave" ways to auto trade the market.
Good Luck
No guts, no glory
  • #13
  • Aug 27, 2016 4:49am Aug 27, 2016 4:49am
G'day Scoobi
Does your ea differ much from this one---I've been thinking of buying it lately
http://www.forexfactory.com/showthre...96#post9099796
We are all One. Be present. Be the Observer
  • #14
  • Aug 27, 2016 5:33am Aug 27, 2016 5:33am
Quoting Iamfx
G'day Scoobi Does your ea differ much from this one---I've been thinking of buying it lately http://www.forexfactory.com/showthre...96#post9099796
It's different Iamfx. You can configure one time to trade mine for low/medium/high any news with fixed lot/MM lots automatically on single chart and leave it. It would trade all events with good precision and make profits each month.
Scoobi doobi doo
  • #15
  • Aug 27, 2016 5:36am Aug 27, 2016 5:36am
Quoting abokwaik
{quote} Fantastic Scoobi . I believe this is one of the most "Brave" ways to auto trade the market. Good Luck

Thanks abokwaik. It's trading only when there is a medium/high news events releases when there is plenty of liquidity and volatility to move the markets with dynamically moving straddle buy/sell stop orders for about 15-20minutes of auto expiry if not triggered that implies there is lack of momentum and big players aren't seen to move markets.
Scoobi doobi doo
  • #16
  • Aug 27, 2016 6:59am Aug 27, 2016 6:59am
Quoting Scoobidoobi
Fed Yellen Speaks Event pips made {image} live myfxbook
Wicked fast EU trade there. Nice work.
  • #17
  • Sep 1, 2016 7:23am Sep 1, 2016 7:23am
wicked cool trade on gbp data today! look at TE/myfxbook
Scoobi doobi doo
  • #18
  • Sep 1, 2016 8:46am Sep 1, 2016 8:46am
Quoting Scoobidoobi
wicked cool trade on gbp data today! look at TE/myfxbook
its a free EA you're using? thx
"What would you attempt to do, if you knew your success was a certainty?"
  • #19
  • Sep 1, 2016 9:18am Sep 1, 2016 9:18am
Quoting Fxentropy
{quote} its a free EA you're using? thx
Its not free , its customized ea developed to trade d markets
Scoobi doobi doo
  • #20
  • Sep 1, 2016 9:47pm Sep 1, 2016 9:47pm
Big day today NFP , good luck folks
Scoobi doobi doo
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