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News trading discussion - continuation

  • #3,481
  • Sep 18, 2016 3:58pm Sep 18, 2016 3:58pm
Quoting Bsmile44
Vvfish Can you post a link to the post that has the rules for the way you guys trade the news?? Thanks!
Hello! I developed my strategy using this:

http://www.babypips.com/school/under...n-to-take.html

I've choosen Donchian Channel to find where I place the stops. In the first minutes after the new, my stop losses are very large. They are narrowed after 10-15 minutes. TP depends on the symbol. It is between 40 (AUDCAD) and 100 (USDJPY). Could be bigger than 100 in some cases but I play safe for the moment.
  • #3,482
  • Sep 18, 2016 5:56pm Sep 18, 2016 5:56pm
Quoting vvFish
Wednesday 21:00 21/9/16 US interest rate CRITICAL (US Federal Funds Rate), the United States, USDJPY Average reaction when trigger 80.00 points in the first minute after the release. 9% probability trades.
I see ANY change, no matter how small; should move the markets A LOT.
  • #3,483
  • Sep 18, 2016 6:04pm Sep 18, 2016 6:04pm
Quoting Bsmile44
Vvfish Can you post a link to the post that has the rules for the way you guys trade the news?? Thanks!

vvFish, has already posted it, look back a maximum of 4 pages and you will find it.
HMSR
  • #3,484
  • Sep 19, 2016 5:07am Sep 19, 2016 5:07am
Quoting fredix
{quote} Hello! I developed my strategy using this: http://www.babypips.com/school/under...n-to-take.html I've choosen Donchian Channel to find where I place the stops. In the first minutes after the new, my stop losses are very large. They are narrowed after 10-15 minutes. TP depends on the symbol. It is between 40 (AUDCAD) and 100 (USDJPY). Could be bigger than 100 in some cases but I play safe for the moment.
How do you manage with slippage? I've used straddle strategy but it have blown my account
  • #3,485
  • Sep 19, 2016 5:08am Sep 19, 2016 5:08am
Quoting Bsmile44
Vvfish Can you post a link to the post that has the rules for the way you guys trade the news?? Thanks!
If you find this, please tell us
  • #3,486
  • Sep 19, 2016 6:50am Sep 19, 2016 6:50am
Quoting avoandry
{quote} If you find this, please tell us
Try not to read the threads from the last page.
Only the price on the chart can show the entrance to the deal...
  • #3,487
  • Sep 19, 2016 2:08pm Sep 19, 2016 2:08pm
Quoting avoandry
{quote} How do you manage with slippage? I've used straddle strategy but it have blown my account
I am still on demo, so I can't say anything except the only solution is to not trade the news . I've read that slippage can be 20, 40 or even more. Maybe there is a way to reduce slippage but in all cases we have to deal with it and expect lower profit.
Perhaps instead a stop order using a normal order but in asyncronous mode?

I've read about another strategy that waits for a first pullback and then enters if it reverses again. Could be a good way to avoid the very first impulse. Slippage may be lower at this moment.
  • #3,488
  • Sep 19, 2016 6:43pm Sep 19, 2016 6:43pm
vvFish is using a very simple strategy that is highly broker-dependent. The rules are simple but should be adjusted for your broker, even then it may not work.
  • #3,489
  • Sep 19, 2016 10:28pm Sep 19, 2016 10:28pm
Quoting fredix
{quote} I am still on demo, so I can't say anything except the only solution is to not trade the news . I've read that slippage can be 20, 40 or even more. Maybe there is a way to reduce slippage but in all cases we have to deal with it and expect lower profit. Perhaps instead a stop order using a normal order but in asyncronous mode? I've read about another strategy that waits for a first pullback and then enters if it reverses again. Could be a good way to avoid the very first impulse. Slippage may be lower at this moment.
I've calculated the probability of the reversal. It's almost 50/50, and this even if you're considering if the news difference compared to forecast is high.
So It's not a reliable strategy
  • #3,490
  • Sep 19, 2016 10:54pm Sep 19, 2016 10:54pm
Quoting Hmsr
{quote} vvFish, has already posted it, look back a maximum of 4 pages and you will find it.
I did not see such thing on this thread. Pls, kindly post the link so that we can all see what you are referring to.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #3,491
  • Sep 19, 2016 10:55pm Sep 19, 2016 10:55pm
Quoting nonlinear
vvFish is using a very simple strategy that is highly broker-dependent. The rules are simple but should be adjusted for your broker, even then it may not work.
Where are the rules you are referring to? If u re so pleased, state the rules that vvFish uses to trade news.

Olufemi
I am more afraid of 100 sheep led by a lion than 100 lions led by a sheep!
  • #3,492
  • Sep 19, 2016 10:59pm Sep 19, 2016 10:59pm
Quoting vvFish
{quote} In addition to the multiterminal for executing the trade, I open a regular MT4 station to watch the news trade on and to host the Management EA. I use this EA differently than most. It is meant to close part of you position at different increments of profit. I use it to place a stop at Entry price plus one pip. You can download the EA here: http://www.mediafire.com/?qboa1w0jzui First_Target: This is the first take profit target, in pips, that you specify. Target_Increment: Once the first profit target is reached, the next target will increment...
vvFish's post
HMSR
  • #3,493
  • Sep 20, 2016 1:53am Sep 20, 2016 1:53am
Quoting Opemipo
{quote} Where are the rules you are referring to? If u re so pleased, state the rules that vvFish uses to trade news. Olufemi

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_60.png Size: 10 KB

Entrance to the transaction market order of 1-3 seconds before the news.
Only the price on the chart can show the entrance to the deal...
  • #3,494
  • Sep 20, 2016 3:36am Sep 20, 2016 3:36am
Quoting Hmsr
{quote} vvFish's post
This is the EA he perhaps uses for news trading, but he doesn't tell how he knows if the price will go up or down. He always says "entrance to the transaction market order of 1-3 " something like that or "price will tell you". Actually, I've tried to understand it during the last 12 months but I don't know how to find where price will go on news.
  • #3,495
  • Sep 20, 2016 4:10am Sep 20, 2016 4:10am
Quoting avoandry
{quote} This is the EA he perhaps uses for news trading, but he doesn't tell how he knows if the price will go up or down. He always says "entrance to the transaction market order of 1-3 " something like that or "price will tell you". Actually, I've tried to understand it during the last 12 months but I don't know how to find where price will go on news.
Rules: watch the chart before news and enter a market order in the direction the price moves on the chart a few seconds before the news release. Two long FF threads are devoted to this one concept.
  • #3,496
  • Sep 20, 2016 4:33am Sep 20, 2016 4:33am
Quoting nonlinear
{quote} Rules: watch the chart before news and enter a market order in the direction the price moves on the chart a few seconds before the news release. Two long FF threads are devoted to this one concept.
Can you tell us which threads? Thanks
  • #3,497
  • Sep 20, 2016 4:56am Sep 20, 2016 4:56am
This one and the one referenced by vvFish http://www.forexfactory.com/showthread.php?t=493948
  • #3,498
  • Sep 20, 2016 5:26am Sep 20, 2016 5:26am
Quoting nonlinear
This one and the one referenced by vvFish http://www.forexfactory.com/showthread.php?t=493948
I've already tried Vigovski's strategy but the probability is almost 50/50, I've reperformed it for 2015's news (I've done the reperformance on january 2016) but it can't stand on a long run. For this one, I've followed it since the beginning but it's informative (I use this thread to know which news will impact the market and to know some economic analysis posted by vvFish) but for news trading, I don't know, perhaps he uses market depht ot order book or something else but he doesn't tell it. Anyway, he is not forced to.
  • #3,499
  • Sep 20, 2016 5:37am Sep 20, 2016 5:37am
Quoting avoandry
{quote} I've already tried Vigovski's strategy but the probability is almost 50/50, I've reperformed it for 2015's news (I've done the reperformance on january 2016) but it can't stand on a long run. For this one, I've followed it since the beginning but it's informative (I use this thread to know which news will impact the market and to know some economic analysis posted by vvFish) but for news trading, I don't know, perhaps he uses market depht ot order book or something else but he doesn't tell it. Anyway, he is not forced to....
Correct answer.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_59.png Size: 44 KB
Only the price on the chart can show the entrance to the deal...
  • #3,500
  • Sep 20, 2016 6:20am Sep 20, 2016 6:20am
Quoting avoandry
{quote} I've already tried Vigovski's strategy but the probability is almost 50/50, I've reperformed it for 2015's news (I've done the reperformance on january 2016) but it can't stand on a long run. For this one, I've followed it since the beginning but it's informative (I use this thread to know which news will impact the market and to know some economic analysis posted by vvFish) but for news trading, I don't know, perhaps he uses market depht ot order book or something else but he doesn't tell it. Anyway, he is not forced to.
How were you able to test it?
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