The Newstrader EA performance has been updated. Btw, today was the US Non-farm Payrolls day which saw a wild price swing action soon after the number was released.
Therefore, it was a good opportunity for us to check each other trading server for any differences in terms of data feed, execution time, or any kind of wild spread and stop hunting behaviour.
The results for trading the NFP news event that I received so far are as follows:
Market/ Direction: GBP/USD (Long)
Alpari server: +25 & 16 pips
Interbank FX: +25 & 7 pips
No abnormal server activity has been reported, which is a good sign for our ea trading method.
Upcoming news trading events at ScoutForex News Trading Room:
Monday - GBP PPI Input, CAD Building Permit; Tuesday - AUD Retail Sales & Home Loans, GBP Manufacturing Production, CAD Housing Starts; Wednesday - GBP Trade Balance; Thursday - AUD Employment Change, CAD Trade Balance, US Trade Balance; Friday - US Retail Sales, PPI and Consumer Sentiment
4 comments:
Hi Andrew,
I will answer your questions but have removed your external links.
Q. The Newstrader EA looks interesting but could you please explain more about it? Does this EA do spike trading or does it wait for some kind of retracement against the intended direction to get in on a trade? How does it decide it's stop loss and take profit targets.
A. All I can say is that my ea will make trades when all the right conditions line up within a predetermined timeframe. We have two profit targets: one 'fast' target of 25 pips and another 'slow' target as mentioned in the earlier postings. We also use a small predetermined stop loss.
Lloyd
Thanks Lloyd. So is this a pre-news trading EA?
Not necessarily. I wouldn't say much here.
Post a Comment