I had an idea to develop a news EA. Maybe someone already had it, here is how it would work:
EA would get the forecast of news releases from http://www.fxstreet.com/economic-calendar/ and other similar websites. EA would also receive the real data when it is released from the fastest websites to release it. If the real data is better than forecasted, it would open a buy position with a 20-25 pip TP. If the real data is worse than the forecast, it would open a sell position with a 20-25 TP. If the market moves in opposite direction as it should from the news release, EA would scale up after 15 minutes adopting a "news fade" approach, with a stop loss after the minimum of those 15 minutes + 10 pips.
To develop it, I would need to know what's the fastest source to obtain data releases. Even if that means different websites per each data (like going to the official website). Only interested in high volatility data offcourse.
Forum on trading, automated trading systems and testing trading strategies
Forex-Profit, 2014.07.04 11:27