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- Trading the news with an EA
Here's our NFP trade, only took 33 pips out of the short. That's a lesson for cutting profits too ...
Here's our NFP trade, only took 33 pips out of the short. That's a lesson for cutting profits too ...
The EA works, it does what's it supposed to do. It places pending orders before the news, with all the rules of this system. The results in terms of profitability however are arguable. But it can be backtested on news data from the several years, so ...
The new updated version of the MT4 News EA uses the DailyFX calendar and allows backtesting. Also, there's an optional feature that allows you to set the pending order at the High/Low of the current candle, on any timeframe you choose (H4 by ...
We finished developing the News Trader for MT4 - the strategy presented in this thread can easily be automated with this EA. Check it out! url
Would anyone be interested in using an automated system based on this strategy?