Tuesday, September 16, 2008

Making Pips via NewsTrader EA Program

I am still excited about the prospect of making profits via the Newstrader EA program whenever there is an impeding forex news event!

For those who are still not familiar with my news trading methodology, here is another brief overview. Basically, this is all we need to do:

1) Set the server time to run the Newstrader EA program
2) Obtain the latest variable news setting - iNews parameter - 10 minutes before the scheduled start of a news trading session
3) Run the program and forget

Here is the main news trading event this morning:

Short GBP/USD at 1.7862 - News event: CPI; Results: +25 & 15 pips


Other potential winnings today:

Short EUR/USD at 1.4186 - News event: CPI; Results: +13 & 12 pips


Upcoming news event: Tuesday: US CPI, TIC Net Long Transactions; Wednesday: GBP Claimant Count Change, US Building Permits

(More charts to follow...)

Short GBP/USD at 1.7902- News event: CPI; Results: +1 & 1 pips; Long GBP/USD at 1.7839 - News event: TIC Net Long Transactions; Results: +25 +28 pips; Setting: Trailing Stop: 20 pips


No comments: