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I set the indicator to open 2 pending orders (buy and sell) 1 minute before news release. I don't like limit profit so I set it 0, trailing stop 20, SL 25, gap 15, and you can set lot parameter manually or using MM feature. This indicator seem looks great in high volatily news. Good luck |
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bad bad bad
I had tried this so many times, you may succeed once or twice but :
a) The Brokers freeze the feed and the platforms wakes up to a loosing trade.. b) The spreads double and when you lose its 33% more losses for a sl of 10. c) The brokers manipulate and spike it 1 min before the news. d) The orders are rejected some time, with a trade context . e) The worse bit is when the brokers do not honor the stops because of market volatility (they just point you to the clause in the contract where they cannot control stuff under extreme market conditions...I lost a 5k account like this ...) f) I won a few times with this strategy and lost 5 times that much.... g) Pro traders do not trade news like this anymore it is too risky. Just food for thought |
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You may be right, but we can test it using micro lot for some times to make sure the world is getting better or not. Thanks for your warning Rgrds Last edited by Devil2000; 08-05-2006 at 10:50 AM. |
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What broker are you working with? Was your recent success on a demo or live account? Thanks.
I was up early Fri morning to catch the NFP wave and got on the upside with FXDD just before the announcement. However, FXDD locked up shortly thereafter. I tried to upwardly adjust my TP, but, couldn't as their system was down... I was envisioning what would have happened had I had an EA running this for me with trailing stops when all of a sudden the broker platform becomes non-responsive. Anyway, again, just interested in which broker you've had success with trading this EA. Thanks again. Quote:
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Last edited by Devil2000; 08-05-2006 at 02:08 PM. |
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