Anybody tried Double Account FOMC Strategy ?
chandra100:
My broker slowed down my MT last time on release on FOMC news.
We all know that definitely there would be a 100 pip move after FOMC.
Have 2 trading accounts.
Place buy order in one account and sell order in another account just before FOMC (with SL 50 pips and TP 100 pips).
In one account SL will be hit and in another account TP will be hit. Totally you earn 50 pips profit.
Doing this on 7 major pairs, effectively 350 pips profit is made every FOMC.
What do u think about it ?
I will try that :) but i am setting buy stop and sell stop to 150 pips far from the market price. If news are effective it works.
Documentation on MQL5: Standard Constants, Enumerations and Structures / Trade Constants / Order Properties
- www.mql5.com
Standard Constants, Enumerations and Structures / Trade Constants / Order Properties - Documentation on MQL5
we should ask FOMC to do every day
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We all know that definitely there would be a 100 pip move after FOMC.
Have 2 trading accounts.
Place buy order in one account and sell order in another account just before FOMC (with SL 50 pips and TP 100 pips).
In one account SL will be hit and in another account TP will be hit. Totally you earn 50 pips profit.
Doing this on 7 major pairs, effectively 350 pips profit is made every FOMC.
What do u think about it ?