No Trading During NEWS HourM

Filed Under (Journal) by Casey on 20-07-2009

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I have been thinking about news trading for quite sometime now…While this rule is not something new in the forex trading realm, I believe it should also be adhere too by robot or automatic traders.

On my previous posts on Slap Me Silly Please… John123x mentioned not to trade during high impact news. This is not exactly new advice, but neither was it an old advice.

I have been thinking about not trading the news for quite sometime now before my bit(h slapping by Cyborg.

My thoughts on this only after after the day I got whacked on S26 with volatility… The EA developer told me not to trade the EA during CHF news hour especially when SNB release this news…

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As you can see, this particular spike up and down on the 18 June 2009 was when SNB release their news

news01a

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EA Firebird Driven

Filed Under (EA System, Journal) by Casey on 20-03-2009

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Well, let me take the time to write up about this wonderful EA… I googled this and could not find it anywhere but in a forum. Apparently it was made by a guy (don’t know who) and he shared it with the forum community. After many discussion it somehow or rather evolve itself. Many EA seems to be using and improving this EA.

I am not in the technical know how to fully understand the potential of this EA and why is it so talked about. Forex Maestro seems to be using FireBird EA as it’s basis. The author has somehow manage to improve on it and resell it for a cool $197 a pop.

*I would make a lot of money if I knew programing*

Anyway… the point I want to share is this. After reading, browsing and skipping thread after thread in the forum and trying to understand what this EA is all about, I stumble upon this very interesting post. It was a post by a user ‘SamuraiPower’ in ForexFactory.com forum here (Post #2090). So what I did was I used Don’s template to identify the trend and then ‘Drive’ the EA as per what SamuraiPower suggested. Read the rest of this entry »