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Thread: Forex News Provider

  1. #1
    Administrator funyoo's Avatar
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    Default Forex News Provider



    This program was created for those Forex traders, who trade on news. But also this software will be very helpful for every trader.


    Program will keep you informed about all future events on the forex market for the week ahead and notify you when any event happens. Also it allows you to set timers for specific event to notify you before the event, giving you time to prepare your trades. At the same time it updates the passed events and shows previous, forecast and actual values for market indicators.


    This software checks Forex events calendar through the Internet every selected period of time and reflects any changes that can happen. So you will have the most recent information about future events. It has filters that allow to to separate events by importance and currency.
    Excellent freeware. A good alternative to Forex Factory and Forex-TSD calendar, with alert x minutes before news, etc...

  2. #2

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    do you have the link for the news provider my friend .

    regards

    jay

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    Quote Originally Posted by jamiestevens View Post
    do you have the link for the news provider my friend .

    regards

    jay
    Hi jamiestevens and welcome,

    Here it is : Forex Tester Software - Professional Forex Training. Teach yourself forex trading.

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    What is Forex-TSD calendar?
    Why is it useful?
    Each day of the month, every month of the year you

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    Quote Originally Posted by Sinead View Post
    What is Forex-TSD calendar?
    Why is it useful?
    Hi Sinead and welcome,

    Forex-Tsd Calendar :: Calendar

    It gives the currency concerned by the news, the title, the impact, the forecast data, the previous data and the action.

    It can be usefull if you want to trade news or if you want to avoid them, depending on your trading style.

    The forex factory calendar is better as there is also a chart with the evolution of the news data.

    Forex Factory

  6. #6

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    Quote Originally Posted by funyoo View Post
    Thanks for the link, funyoo do you trade news?

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    Administrator funyoo's Avatar
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    Quote Originally Posted by MyaNyx View Post
    Thanks for the link, funyoo do you trade news?
    Not currently, I have tried in the past but without any success.

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    Quote Originally Posted by MyaNyx View Post
    Thanks for the link, funyoo do you trade news?
    news trading is really easy with 10(0) lots and more, better 1000 or more

    example:
    eur/usd spread 2

    1x buy sl 8 tp 50
    1x sell sl 8 tp 50

    breakeven at 12 on booth
    ts 15 pipstep 5

    market is buying and grows 25pips
    sell (loss) -8 - 2 = -10
    buy result1: we reach breakeven (12) but not ts 15 sum = -8 -2 -2 +12= NULL
    buy result2: we reach first ts (15), but not next pipstep (20) = -8-2-2+15=+3pips
    buy result3: we reach first ts + pipstep (ts20) = -8-2-2+20=+8pips
    buy result4: we reach second ts + pipstep (ts25) = -8-2-2+25=13pips

    1pip=10bucks
    buy2=30 /x 10 lot=300/x 100lot=3000
    buy3=80 /x 10 lot=800/x 100lot=8000
    buy4=130 /x 10 lot=1300/x 100lot=130000

    the change to hit booth buy and sell stops (trades closed) and no breakeven, is during news very very rarely. RR ratio =3:1

    the most important is to have realtime news, like bloomberg or reuters, news trading can not accept any delays!

    if you a risky trader you can set an OCO (onecancelsother) trade 15 pips away via buy_stop and sell_stop (tp 12 to breakeven) from your first entry

    my 2cents

    IX

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    Quote Originally Posted by ixbone View Post
    news trading is really easy with 10(0) lots and more, better 1000 or more

    example:
    eur/usd spread 2

    1x buy sl 8 tp 50
    1x sell sl 8 tp 50

    breakeven at 12 on booth
    ts 15 pipstep 5

    market is buying and grows 25pips
    sell (loss) -8 - 2 = -10
    buy result1: we reach breakeven (12) but not ts 15 sum = -8 -2 -2 +12= NULL
    buy result2: we reach first ts (15), but not next pipstep (20) = -8-2-2+15=+3pips
    buy result3: we reach first ts + pipstep (ts20) = -8-2-2+20=+8pips
    buy result4: we reach second ts + pipstep (ts25) = -8-2-2+25=13pips

    1pip=10bucks
    buy2=30 /x 10 lot=300/x 100lot=3000
    buy3=80 /x 10 lot=800/x 100lot=8000
    buy4=130 /x 10 lot=1300/x 100lot=130000

    the change to hit booth buy and sell stops (trades closed) and no breakeven, is during news very very rarely. RR ratio =3:1

    the most important is to have realtime news, like bloomberg or reuters, news trading can not accept any delays!

    if you a risky trader you can set an OCO (onecancelsother) trade 15 pips away via buy_stop and sell_stop (tp 12 to breakeven) from your first entry

    my 2cents

    IX
    Hi ixbone,

    Thanks for sharing this strategy, interesting!

    What broker do you suggest to get a stop loss of 8 pips ?

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    Quote Originally Posted by funyoo View Post
    Hi ixbone,

    Thanks for sharing this strategy, interesting!

    What broker do you suggest to get a stop loss of 8 pips ?
    Well i trade this strategy with index and commodities futures (non MT4), i think, as i remember oanda have sl of 8, maybe a non MT4 broker can give 5 pips sl, also i have never seen a broker + MT4 which can handle OCO orders only at non MT4 brokers, example cmcmarkets.

    so if there isnt a broker with sl 8 and mt4, sl 10 should not be a problem too. RR ratio 2.5:1

    IX

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