One of the most popular news trading strategy is - setting two pending order in either side of the market price just before the news relies. One is Stop Buy order 20-30 pipe above and another is Sop Sell order 20-30 pip below the market price. But it is very difficult to set two orders accurately and very closely (say 1 minute before) to the news release. To solve this problem I have written this Expert Scripts.
Here you can set News Time, Order Time, Order Price, Stop Loss, Profit Target, Order Cancel Time and Position close time and the script will open two pending orders according to these settings. You can set as much news time as you wish at a time (say all important news of the week).
I think it will be very helpful for news traders. Please download attached zip file, read NewsTrading.doc and try it in any MetaTrader demo platform(for example FXOpen Demo).
Thanks and regards
Naeem Hasan
Chittagong , Bangladesh
Here you can set News Time, Order Time, Order Price, Stop Loss, Profit Target, Order Cancel Time and Position close time and the script will open two pending orders according to these settings. You can set as much news time as you wish at a time (say all important news of the week).
I think it will be very helpful for news traders. Please download attached zip file, read NewsTrading.doc and try it in any MetaTrader demo platform(for example FXOpen Demo).
Thanks and regards
Naeem Hasan
Chittagong , Bangladesh
Attached File(s)
NewsTrading.zip
14 KB
|
430 downloads