News Trader EA - page 19

 

Yes it was trade balance. I lost on GBPUSD (one order), on EURUSD (one order) and USDCHF (one order as well).

And 4 orders are still opened now: one for EURUSD, one for USDCAD and two for USDJPY.

 

I will never trade again US trade balance (with EA, not manualy...).

Why ?

-- > just look at Historic Charts : Trade Balance always have a pre-release price retracement. Its always like that.

Or i will advance my news time about 2 min later... i need to evaluate...

 
newdigital:
Yes it was trade balance. I lost on GBPUSD (one order), on EURUSD (one order) and USDCHF (one order as well). And 4 orders are still opened now: one for EURUSD, one for USDCAD and two for USDJPY.

Newdigital,

Hope your four open orders turn right

 

US Trade Balance

dswk:
I will never trade again US trade balance (with EA, not manualy...).

Why ?

-- > just look at Historic Charts : Trade Balance always have a pre-release price retracement. Its always like that.

Or i will advance my news time about 2 min later... i need to evaluate...

Thanks Dswk, it is a very useful information.

Well, I lost 45 pips due to the whipsaws on GBPUSD. Unfortunately I had a tight initial order gap (10 pips) and also 10 pips grid distance. So the first spike triggered two orders but no one reached the TP level. The second buy order took out the SL within a couple of seconds. A little later the first buy order also took out the SL and triggered a sell order. Then came the second whipsaw and the sell order took out the SL again. It was as bad trade as possible.

Lesson learnt:

  • the initial order gap was too tight,
  • the grid distance should have been greater than or equal to TP + spread,
  • as Dswk wrote we should wait for the first one or two minutes before get in a trade on Trade Balance next time and later on.
  • Any further advice would be appreciated.

    Questions:

  • How does the Trailing of Opposite Orders function work?
  • Should the Breakeven function minimum value be greater or equal to MODE_STOPLEVEL? (I set the breakeven to 5 but it did not seem to work and the broker's MODE_STOPLEVEL is 10 - I used NF.)

Hope someone knows the answers.

Happy trading.

 

Ok...

GBP Claimant Count Change wasn't for me (because already priced...)

I will just try to explain how i use/test NewsTrader.

- I take position between 3 to 5 min before news.

- I use it only for big movers.

- I only catch big movement (min OrderStep=15/20).

- 3 Min after the news, if no trade, i close all.

- TP between 20 to 40 pips

Regards.

 

war plan :-)

Here's my plan for the rest of this week.

With V2 in LIVE (0.1lot) and last version in DEMO (1lot).

They are all level 3. all have an average of 30 pips objectives.

just a note : Thursday at 12:50am we have JPY GDP q/q (p)... as USDJPY is at critic level...i will let this trade without TP, only a large TS...just my opinion.

Time are CET. (Europe, Paris)

Tuesday 13/02

10:30am GBP Core CPI y/y (done +30pips)

2:30pm USD Trade Balance (+0pips, closed manually)

Wednesday 14/02

10:30am GBP Claimant Count Change (no trade. already priced)

11:30am GBP BOE Inflation Report (removed from text file)

2:30pm USD Core Retail Sales m/m

10:45pm NZD Retail Sales m/m

Thurday 15/02

12:50am JPY GDP q/q (p)

10:30am GBP Retail Sales m/m

2:30pm USD Empire State Business Conditions Index

3:00pm USD TIC Report

Friday 16/02

2:30pm USD PPI m/m

4:00pm USD Consumer Sentiment (p)

 
chrisstoff:
Newdigital, Hope your four open orders turn right

Some witgh small profit, some with small loss.

It is my statements attached.

This week is very difficult concerning the news.

Files:
newstrader5.zip  10 kb
 
dswk:
Ok...

GBP Claimant Count Change wasn't for me (because already priced...)

I will just try to explain how i use/test NewsTrader.

- I take position between 3 to 5 min before news.

- I use it only for big movers.

- I only catch big movement (min OrderStep=15/20).

- 3 Min after the news, if no trade, i close all.

- TP between 20 to 40 pips

Regards.

version 5 did +7 pips on GBP Claimant Count Rate.

 

What do you think about Bernanke Speaks?

I think you should see how Trailing Orders works.

All works perfectly

Files:
nt_v5_bs.gif  16 kb
 
igorad:
What do you think about Bernanke Speaks?

I think you should see how Trailing Orders works.

All works perfectly

Merci. Thanks.. it's run like a charm...

Could you please post full statement, settings and txt file ?

Thanks.

Reason: