Nfp 06-12-2024

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Hey all!

im trying with creating an EA thats place positions based on the news! So far so good!

On this moment im backtesting the nfp data. if actual is better then the forecast then buy USD, if actual is worser than forecast , the Sell.

Its a very simple strategy what i working for now, but there is one moment that the USD give a opposite reaction! if we look at the chart on 06-12-2024 We see the dollar give a bearish reaction.

But the strange thin is the prev data was 36k the forecast was 176k and the actual 227k!

Someone has an idea why this was happening?

NB! its not a code question , but maybe someone here knows the answer!

Testing trading strategies on real ticks
Testing trading strategies on real ticks
  • www.mql5.com
The article provides the results of testing a simple trading strategy in three modes: "1 minute OHLC", "Every tick" and "Every tick based on real ticks" using actual historical data.
 
This post was accidentality removed but has now been restored, once it was understood that it was not a question about code, but a question about the economical calendar events.
 
Fernando Carreiro #:  This post was accidentality removed but has now been restored, once it was understood that it was not a question about code, but a question about the economical calendar events.
No problem, i understand 
 
Sometimes the market interprets the news in unpredictable way.

Market will always give you bad surprise ©
 
Oleksandr Medviediev #:
Sometimes the market interprets the news in unpredictable way.

Market will always give you bad surprise ©
Yes it totally does , and i try to understand why, to learn . Do you have some advice to filter this out? 
 
muntje:

Hey all!

im trying with creating an EA thats place positions based on the news! So far so good!

On this moment im backtesting the nfp data. if actual is better then the forecast then buy USD, if actual is worser than forecast , the Sell.

Its a very simple strategy what i working for now, but there is one moment that the USD give a opposite reaction! if we look at the chart on 06-12-2024 We see the dollar give a bearish reaction.

But the strange thin is the prev data was 36k the forecast was 176k and the actual 227k!

Someone has an idea why this was happening?

NB! its not a code question , but maybe someone here knows the answer!

[The following post has been reposted at Fernando's request.]

U.S. Non-Farm Payrolls is merely one type of news event/statistic, while U.S. debt continues to soar.

I noticed that Gold returned to its all-time high of 2800 last week. Generally, Gold has an inverse relationship to USD. When investors feel globally risk averse, they buy Gold.
Accordingly, you might want to consider referencing the price of Gold in your EA. The 10 Year Note yield rate could be used for additional confirmation too.

 
i know its a bit late to answer this, but in general my answer to these questions would be to not try this, because it is basically a gamble. There in no EA in existence today that will make you constant money in the long term, and trying to create it will not work either. If there was such an EA, everyone would be millionaires or billionaires. The facts are there are market fluctuations, phases and cycles, then we have the drive from the market maker. Ea's like the one you are requesting about will not be worth it, as i mentioned, its purely a gamble in a very liquid market. I would suggest you trade these markets yourself by gathering data, and analysing it the right way, reading the price chart and doing some research on what's going on in the world and in the stock market. For as long as i can remember, people have been trying to use Ea's, some get lucky, and others don't. those that do get lucky eventually lose their funds down the line that they got lucky with. The profitable traders around the world don't use EA's or any indicators of such kind.
 
Nardus Van Staden #:
i know its a bit late to answer this, but in general my answer to these questions would be to not try this, because it is basically a gamble. There in no EA in existence today that will make you constant money in the long term, and trying to create it will not work either. If there was such an EA, everyone would be millionaires or billionaires. The facts are there are market fluctuations, phases and cycles, then we have the drive from the market maker. Ea's like the one you are requesting about will not be worth it, as i mentioned, its purely a gamble in a very liquid market. I would suggest you trade these markets yourself by gathering data, and analysing it the right way, reading the price chart and doing some research on what's going on in the world and in the stock market. For as long as i can remember, people have been trying to use Ea's, some get lucky, and others don't. those that do get lucky eventually lose their funds down the line that they got lucky with. The profitable traders around the world don't use EA's or any indicators of such kind.

Does the statement above include the 10 indicators and 20 EA's that you have listed on the MQL5 Market for sale/download?

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