Thread: AmazingEA

in general you can make huge profits on good and bad news!

http://www.tradingsystemforex.com/ne...html#post12904

copied from above link:

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

suggested broker: oanda - trade with minimum lot size first to master this strategy

my 2cents

IX