Snorms News Trading EA

[immy]

Hi

As you might all know, specially the ones in the skype group that Steve has created an EA for trading news. Its very successful so far and very simple and easy to monitor. Its what I would class as Semi Automatic Trading. You set the trades and forget about it. A true set and forget strategy ideal for those who are not always at screen.

A little trade video below on a test live account. This month the account is 6% up so far. This campaign today was a small winner.

http://www.screencast.com/t/HbQWHauH

LINK to Steve's News Trading EA https://www.for-exe.com/advanced-news-trader.html
[Please note that we do not get any commission from Steve. Steve's been a friend of the AIMS Community. We are all grateful to all his work]

When you see the PA there you could appreciate that nobody could have managed the long and short trades manually. But with the help of EA we were easily able to take a "straddle trade". A straddle is a trade strategy where a trader believes there could be significant moves but not sure which direction. So a trader takes a trade on both ends of a range or in this case just a minute before the upcoming news event. This was GBP Red News

Our Favourite News Calendar is ForexFactory.com as you may all know.

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Raw Performance Reports based on Live Trading Account

The account also has other trades used for several purposes such as live testing new strategies and manual news trading trades. But the trades that the Snorm News Trading EA takes has a comment NEWS EA which can be used to filter ohter trades. So utilising that feature on the myfxbook site we get this. I have run a filter analysis on it extracting only the trades taken by the NEWS EA. That shows the following results.

Total Account Growth since Oct 2015: 404%

388 Total Trades since 2015.
833 pips.
Profit Factor 1.39 , Average win (not too big 18.97 average loss exactly 10.29. Win percent of 43% that is huge.

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[immy]

I will trade the following News Events this week

Tuesday 20th
1:30am AUD/USD
Monetary Policy Meeting Minutes

1:30pm EUR/USD and USD/JPY
Building Permits

Wed, 21st
3.00pm USD/CAD
BOC Rate Statement (3 cad news)

Thur, 22nd
9.30am GBP/USD
Retail Sales

12.45pm EUR/USD
Minimum Bid Rate

1.30 EUR/USD and USD/JPY [may be not sure yet. Because there are EUR and CAD news at the same time]
Unemployment Claims

Friday 23, 2015
8.00am EUR/USD
French Flash Manufacturing PMI

8.30am EUR/USD
German Flash Manufacturing PMI

1.30pm USD/CAD
Core SPI

Thats it.

[immy]

NFP News using Snorms News Trading EA

We had a blast. It took us a total of 2 minutes to create a 10R or 10% surplus in our accounts using a simple Straddle trade on EU and UJ. UJ hit target point of 70pips within a minute whereas EU hit its target point of 100 but a few minutes later.

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[Kyle]

8th July NFP Trades

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0.5% risk, 2.64% return (5.28R's)

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0.5% risk, 1.97% return (3.94R's)

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0.5% risk, .88% rent and 2.32% return (2.88R's)


Total for the one event, 1.5% total risk, 6.05% return

[Kyle]

Need any more convincing that Steves news ea is not worth its weight in gold??

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Yes, on an initial 1% trade each way, it did take an amount of rents due tot he extreme spike up, however, the long also covered those as it went up, finishing with 15.3% on the news trade

[immy]

Well done Kyle

And yes this News Strategy becomes a lot more easier when traded with Snorms NEWS Trading EA. ITs worth more than GOLD...

I had 5% trade half at 50pips and the rest later. it was good fun, while i was still jogging on a tread mill. simply logged into my vps and watched the drama. well it was not a long episode. Just a minute... and back to sweating...

It feels like Friday today...
Congrats for 21% Growht Kyle
Congrates to Darren for his 18% trade
and well done to the rest of Skypers ranging between 5-10% profiteers

[immy]

Yesterday we had a smashing 100 pips winner on GBP/USD using Snorms News Trading EA and today we had another smashing attempt. Grabbed 40 on EU and 33 on UJ for the first part of the trade and the second parts went on and hit 100 on EU and got out at 70 on UJ.

Together these two news events resulted in just over 10% growth. Perfecet start to August and something I really was looking forward to. Now I've decided to take the rest of the August off. I'll be looking at daily charts and if I find something I'll trade on h1 or h4 but won't be trading the opens.

Chill mode all month.



nice picture

[Tomi]

Nice nice! The kid had football games and I couldn't trade NFP. Seems that there were many fantastic setups. Hopefully many of you got plenty of pips. Have fun Immy and chill out. You deserve it.

[immy]

Nice nice! The kid had football games and I couldn't trade NFP. Seems that there were many fantastic setups. Hopefully many of you got plenty of pips. Have fun Immy and chill out. You deserve it.

Thats the whole point. had you set up 100 pips for EU and 70 for UJ (which is my usual for NFP) both would have been hit and 17% banked while the kid was having fun and you were making the money work really hard for you...

cheers

[Tomi]

I joined news trading club and currently defining a plan for it. The draft plan is to trade these news: NFP, FOMC, interest rate decisions, trade balance, CPI and retail sales. Depending on the news I will use some or combination of the majors.

The question is targets and stoplosses. What kind of combinations you are using? Do you have any approach how to calculate good values? Maybe NFP/FOMC/interest rate would be with higher targets and rest of the news with moderate targets?

Default settings are 10 pips SL and 20 pips TP. Maybe crank up RR a bit more? What about SL?

Anything else I should consider?