1) Set up order placement 1 minute before big news.
2) Count from past 10 - 15 candlesticks on M5 chart.
3) Draw trendline on the chart (if it's USD news, then draw trendline on USD pairs chart only).
4) If no movement / whipsaw movement (trendline e.g. < 30 degrees), then place 1 buy stop & 1 sell stop order at 5 pips away. If 1 stop order hit, cancel another stop order immediately.
5) If sloping down (trendline e.g. > 30 degree down or more*), then place a buy market order immediately.
6) If sloping up (trendline e.g. > 30 degree up or more*), then place a sell market order immediately.
7) Which News Source? Discuss. (Need 3 stars / high impact news only)
*Compare last candle highest / lowest price (including tail) with the lowest / highest (including tail) of past 15 candlesticks. (Highest vs lowest, lowest vs highest price)
Currencies to Read EUR, USD, CAD, JPY, GBP, CHF, AUD, NZD, SGD (add with comma)
Count from Past XXX Candles 10
Place Order XX minutes before event 1 (value adjustable)
Min Trendline Slope Down Degree 30 (draw trendline on chart)
Min Trendline Slope Up Degree 30 (draw trendline on chart)
Stop Order Entry Pips (no movement / whipsaw) 5
Stop Order Entry Pips (trendline slope > 30) 5
AutoMM (Balance %) 1 (1% balance loss = equal to SL in pips for each order)
SL in pips 15
TP in pips 50
Max Spread in Pips 10
Enable Min Profit True/False
Min Profit in Pips 10
Enable Trailing Stop True/False
Trailing Start 20
Trailing Step 1
Trailing Stop 5 (discuss)
Magic Number 138138
Comment Big News
1 EA attach to 1 chart.