Newtr@der 5.5

[observador]

Thanks for repair the broken link :)

Is the mirror and with with the weird link is safe to open? just ask coz now so many mirror in this site with a weird link

[expat1967]

OMG ! It just opened 3 positions on nzd news, 2 of them at the exact same price. Is that normal behavior ?

 

If you have set OrdersNum = 3 then it opens 3 trades when the limits are reached. While the news spikes might be "quick" the order processing might result in a certain slippage of the order.

 

If you want less risk/less orders just set OrdersNum = 1 and you will get one trade either long or short.

 

Cheers

[expat1967]

For a general understanding:

 

- Trading the news with the "aggressive" Setting is more risky while the market might spike/range in whatever way before the news are released. This is by far a more riskier approach while it might e.g. trigger trades in both directions in parallel, knock out trades while spiking into SL... On the other hand it can be pretty profitable while catching the right spike...

 

- The "conservative" setting is a more safer approach. Placing the pending order(s) 15min after the news release means, that the market should settled/calmed down again. Thus, the market might trend in a certain direction from there on. This Setting have a tighter Order Gap and the pending orders are longer active. Normally I do trade the news manually in such an approach (15 min TF, Placing order after 15min of news, SL 20, TS 20, Active 60min+)

 

Cheers

[SpacyTrader]

Tks for the explanation. On liteforex I was taken out by the trailing stop with a few pips each, while on fxopen the trailing stop didnt work (I assume I have to use 10 pips + spread as 10 pips sl is minimum) so seeing liteforex exit I got out with even less. That looks like a mistake. Perhaps the trailing stop should be somewhat bigger than 10 ?

[expat1967]

Tks for the explanation. On liteforex I was taken out by the trailing stop with a few pips each, while on fxopen the trailing stop didnt work (I assume I have to use 10 pips + spread as 10 pips sl is minimum) so seeing liteforex exit I got out with even less. That looks like a mistake. Perhaps the trailing stop should be somewhat bigger than 10 ?

 

For the aggressive approach, I have tried 20 pip SL prior and it got knocked out while spiking. Now with 30 pip SL it looks more stable. Anyway, SL 30 is TSD setup.

 

Cheers

[SpacyTrader]

For the aggressive approach, I have tried 20 pip SL prior and it got knocked out while spiking. Now with 30 pip SL it looks more stable. Anyway, SL 30 is TSD setup.

 

Cheers

 

I meant the trailing stop- how much you have that set at ?

[expat1967]

I meant the trailing stop- how much you have that set at ?

 

TS is set at 10 Pips on both Strategies.

 

Cheers

[SpacyTrader]

TS is set at 10 Pips on both Strategies.

 

Cheers

 

I think perhaps it should be set at least at 10 + spread. You yourself said you used 20 pip trailing stop when manual trading news.

[expat1967]

I think perhaps it should be set at least at 10 + spread. You yourself said you used 20 pip trailing stop when manual trading news.

 

Yes, it might help. I let it run this week, then see where to trim.

 

Cheers

Edited September 15, 2010 by expat1967

[expat1967]

I have reset today. Prior settings was nose diving ;) Will post the new sets later.

 

USDCHF was driving for 186 pips today on the aggressive setup. Not bad, but just to risky to use on a real account if it might be spiking. Order processing just cant cope with the speed what I have seen on other pairs...

 

Cheers