US Pending Home Sales Gain, Newstrader Adds +83 pips

I was proved right. The pending home sales came out surprisingly good and many investors took this opportunity to chase the price higher. We positioned the newstrading program rightly to benefit from this news action.

News event: US Pending Home Sales
Long GBP/USD @ 1.4888 for +25 & 58 pips

Newstrader Could Push Higher in May

The Newstrader win-rate dipped to 55% in April, and gave an overall -53 pips for the month. But I would take these results happily considering it was not a straightforward month for trading the economic news releases.

Due to the strong rally seen in the stock market during April, I noticed that bearish US economic data were not able to make a strong impact on the price movement. Occasionally, European currencies such as the British pound could even make ground against the US dollar despite the improving US economic outlook, benefiting from increasing risk-taking activities.

This is about to change due to the growing uncertainties about the market outlook. Investors hope to gain more clues from the economic releases from now onwards. In that case, it will be easier for the Newstrader to make further progress.

Here comes May and the program so far records a better start to the month. Two trades were taken on Friday with UK Manufacturing PMI yielding +40 pips and US ISM Manufacturing Index +45 pips. I hope I am right.

New Member Feedback on News Trading Program

John Mel:

I got in on the AUD interest rate decision and made some good pips (results as above).

So far your (newstrader ea) robot seems to perform very well on news events and have revived my trading on the news. I made a lot of money in 2007 with news but then brokers stopped filling on the spike, your robot has allowed me to trade the news again so far profitably.

Upcoming News Events:
Wednesday: AUD - GDP, GBP - Services PMI, USD - ADP Employment, USD - ISM Non-manufacturing PMI
Thursday: AUD - Building Approvals, GBP - Interest Rate Announcement, EUR - ECB Press Conference, CAD - Building Permits& Ivey PMI
Friday: CHF -CPI, GBP - PPI, USD - Non-farm Employment

Smaller Winners with US GDP Data

News event: US GDP
Short GBP/USD @ 1.4133 for +1 & 1 pips
then, Long GBP/USD @ 1.4178 for 25 & 23 pips

It's the end of the month. The full results of Newstrader during the month will be updated over weekend. Gain for February.

Newstrader's Biggest Single Win

This morning we had the revised GDP figure for UK. Our Newstrader EA program entered two short positions post-news and subsequently provided the biggest single win up-to-date. The screenshot below records the trade action.

News event: Revised GDP
Short GBP/USD @ 1.4498 for +25 & 125 pips

US Non-Farm Payrolls Day Setups (+134.7 pips)

Lately, the forex trading themes see-saw between being risk averse and having risk appetite. Having a mixed bag of day trading strategies will help to beat the market uncertainties and pull in the daily profits.

London Open Breakouts:

(European Session) Long EUR/USD at 1.27873. Final profits: +40 & 9.8 pips

(European Session) Long EUR/JPY at 116.234. Final Profits: +40 & 57.8 pips

Newstrading EA:

(UK GBP Manufacturing Production) No trade

(CA Employment Change) Long USD/CAD at 1.25212 for +0.3 & 0.3 pips

(US Non-farm Employment Change) Long GBP/USD at 1.46920 for +25 pips & 16.5 pips

100-pip EA

(European Session) Short GBP/USD at 1.46668 for -60 & -60 pips

Daily Manual Setups

(European Session) Short GBP/USD at 1.4733 for +90 pips

(European Session) Short AUD/USD at 0.6551 for -25 pips

Total pips: +134.7 pips

Today's Daily EA Setups (+113.6 pips)

London Open Breakouts:

(European Session) Long EUR/USD at 1.28572. Final profits: +40 & 0.9 pips

(European Session) Long EUR/JPY at 115.398. Final Profits: +40 & 11.7 pips

Newstrading EA:

(UK Interest Rate Announcement) Long GBP/USD at 1.4614 for +25 & 24 pips

(ECB Press Conference) Short EUR/USD at 1.2788 for +25 & 7 pips

(CA Building Permits) Short USD/CAD at 1.2273 for -30 pips & -30 pips

Total pips: +113.6

Fast Trading the FOMC Statement +30 pips

Fed plans to leave rates near zero for some time. Read statement released by the Fed after its Jan. 27-28 meeting on interest rate policy.

News Event: US FOMC Statement
Short GBP/USD @ 1.4250 for +25 & 5 pips

Newstrading Update: ECB Cut Rate by 50 Basis Points

Soon after the (Newstrader EA) program's exits, we saw the EUR/USD market did a major reversal of more than 150 pips. The program managed to make a lucky escape just in time. I was quite pleased with the fast scalp which in the end yielded a total of +58 pips.

News Event: ECB Press Conference
Long EUR/USD @ 1.3186 for +25 & 33 pips

Newstrading EA: Making the Most Out of UK Rate Cut

The Bank of England has cut interest rates to 1.5%, the lowest level in its 315-year history.

I managed to established two long positions with the newstrader EA, and the newstrading program gave me the largest profit of this month so far (+89 pips).

Below is the price action following the interest rate announcement.

Long GBP/USD @ 1.5110 for +25 & 64 pips

Last-Gasp 2008 Winners & Let's Start Over Again

100-pip EA Program @ ScoutForex (+233 pips for the month, +3,793 pips for the year)

Wed, Dec. 31st
USD/CAD + 40 & 50 pips

Tue, Dec. 30th
AUD/JPY + 40 & 73 pips
USD/CAD + 40 & 100 pips

Newstrader EA Program @ ScoutForex (+411 pips for the month, +3,317 pips for the year)

Tue, Dec. 30th
US Consumer Confidence + 25 & 46 pips
US Chicago PMI + 1 & 1 pips

2008 was finally behind us. Nonetheless, it was an exciting and rewarding year for all of us. Let's hope we can keep this up in the new year.

Making Fast Pips via Newstrader: GBP Job Report

More bad news for the sterling pound. We're getting closer to the 1.50 level.

• U.K. Pound Falls Against Dollar, Euro as Jobless Claims Jump
• Bank of England Signals Rate Cuts Needed as Economy Contracts

Anyway, the Newstrader EA managed to make some fast pips after the release of jobless claim report. It sold the pound at 1.5282 and still came out +25 & 7 pips.

A Rough Week for News Trading

I was running into some bad trades with the news trading program. The EA was well beaten by two different news events controlled by the European central bankers, i.e. MPC interest rate-cut announcement and ECB press conference on Thursday. Actually, I was not that surprised by the trading outcomes considering the price volatility seen in the forex markets at present.

I'm still confident with the newstrader system which so far enjoys a high success win-rate trading the GBP & USD events. But I was having doubt dealing with the USD/CAD market. Anyway, I am going to improve the program trigger in order to be more aggressive with the entry level in the CAD market with faster trade execution. I've already run some backtests and liked what I see. I'm not afraid to make changes when necessary.

Monday
GBP +28 pips full size

Tuesday
No trade

Wednesday
AUD -35 pips, GBP -35 pips

Thursday
AUD + 19.5 pips,
GBP +23.5 pips
GBP -35 pips (MPC 1.5% Rate Cut)
EUR -35 pips (ECB Press Conference)
CAD -16.5 pips

Friday
CAD -35 pips
GBP +3 pips (US Non-farm Payrolls Job report)

Making the Most Out of Newstrader EA - GBP/USD

It's the end of October. One of the highlight during this month was definitely trading the GBP/USD market with the Newstrader EA program.

Using the newstrader setup, the automated program entered a total of 18 times in the GBP/USD market, trading a wide range of economic news releases, from ISM to GDP data, from MPC meeting minutes to FOMC interest rate statement, and etc.

14 out of 18 trades were winners, giving us a high win-rate of 78% and +386 pips.

Thus, I'm pleased with the results and am looking forward to start over again in a new trading month.

How does my newstrading program work? if you are interested in participating, simply click here or here to find out more about the news trading subscription.

Expert Advisor Journal 30 October

I ran and entered with both the 100-pip program and newstrader program today. I was pleased with all three winning trades today. The entry levels provided below were executed by the Alpari UK live account server.

100-pip trade 1 (Europe Session)
Short EUR/JPY
Entry: 129.72 & 129.71
Exit: 129.31 & 129.18
Pips: +40 & 53

News trade 2 (News event: US Advanced GDP)
Short GBP/USD
Entry: 1.6484 & 1.6485
Exit: 1.6462 & 1.6472
Pips: +22 & 13

100-pip trade 3 (US Session)
Short AUD/JPY
Entry: 66.77 & 66.80
Exit: 66.40 & 66.03
Pips: +37 & 73

Total daily pips: +238 pips

Sterling Pound: 0 Newstrader EA: 3; UK Heading for Recession

Today saw the release of the all-important GDP data and the sterling pound market had been seen falling since the start of the Asian session prior to the news releases.

• U.K. GDP Shrinks, First Recession Since 1991 Looms
• Data confirm UK on brink of recession

We entered with the Newstrader EA program for the third time this week in the GBP/USD (cable) market, just minutes before the release of GDP data. It successfully produced another two winners with today's news settings, with the final results at +113 pips.

News event: GBP Prelim GDP
Short GBP/USD @ 1.5748 for +25 & 88 pips

My two cents: Forex markets have been wild and volatile lately. It's indeed scary to enter and trade these markets at time. But with a flexible and automated trading plan in place, my news trading program seems to find its "edge" to excel from time to time. I am happy that I could share it out here.

News Trading Updates: "Hard-fought" Results in Difficult Circumstances

After having two consecutive system losses (which rarely happened) with Newstrader Program, the EA finally pulled back one positive trade with GBP/USD. I couldn't believe the trade entry level this morning was to be found in the 1.6300+ region.

The market was in heavy sell-off mode which started since yesterday evening. This was another volatile market that I had to deal with - no doubt about that! Bear in mind that I was using a conservative strategy which encouraged a minimal drawdown in the first place.

I couldn't believe I was under such immense pressure watching the price ticks after the release of MPC meeting minutes. With the EA in operation, I should be embracing a care-free attitude towards ea trading and accepting all end results positively. But I failed to do that on a consistent basis. Nonetheless, I was relieved to get some positive results in the end.

• British Pound At Lowest Levels Since 2003, BoE Voted 9-0 For Rate Cut, King Confirms Recession

News event: GBP MPC Meeting Minutes
Long GBP/USD @ 1.6392 for +25 & 39 pips

News Trading: AUD/USD PPI Winners

The PPI news came out much higher than expected: 2.0% vs. 0.9%

The Newstrader EA had just made the first winning trade of the week by opening two long positions at 0.6955 for +25 & 7 pips.

The upcoming news events to be traded here at Scoutforex this weeks are as follows:

Tuesday - CAD Interest Rate Announcement; Wednesday - AUD CPI, GBP MPC Meeting Minutes, CAD Core Retail Sales; Thursday - GBP Retail Sales, Friday - GBP Prelim GDP, CAD Core CPI and US Existing Home Sales.

Making Pips from GBP PPI Numbers & Bank Bail-out News

First news trade of the week had been entered this morning:

• Better than expected GBP PPI Input number -1.2 actual vs. -1.5 forecast
• UK banks' £37bn bail-out unveiled

Long GBP/USD @ 1.7194 @ +25 & 7 pips

All results begin to add up for this month. The system win-rate has just increased to 76.4%.

Update: It was not too surprised to see the GBP/USD pair to carry forward the positive momentum from today's good news to hit an intraday of 1.7441 soon after our exits.

13 Oct: Long GBP/USD after PPI releases

Finding Opportunities in Volatile Markets with NewsTrader EA & 3 Winners Out of 3 Events

Three positive results from three different news events in one day - I was one happy news trader in today's tough market conditions. The Newstrader EA program seemed to help and pick up all the right trades at the right time, yielding a total of 97 pips. The EA charts below show the breakdown of trades.

We'll be staying in touch with the following news trading opportunities next week:

Monday - CHF PPI, GBP PPI; Tuesday - GBP CPI; Wednesday - GBP Claimant Count Change, EUR CPI, US Core Retail Sales & PPI; Thursday - CHF Retail Sales, US Core CPI, TIC Long-term Purchases & Phil Fed Index ; Friday - US Building Permits & Prelim Consumer Sentiment

News event 1: US Trade Balance
Long GBP/USD @ 1.7071 for +25 & 5 pips

News event 2: CAD Trade Balance
Long USD/CAD@ 1.1646 for +25 & 7 pips

News event 3: CAD Employment Change
Short USD/CAD@ 1.1588 for +25 & 10 pips