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How do we classify news that causes a noticeable change in prices and news that does not cause a change ?
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How do we classify news that causes a noticeable change in prices and news that does not cause a change ?
even if it is high impact news but it doesn't make any change
NEWS TRAPPER EA mt4
at news the price move very fast from point to another
but that not happen at all news so Therefore, we classified the news based on the strength of its impact on the price
so we have low impact and medium and high impact
we just focus on high impact the most high impact news are those ( cpi - interest rates - non farm payroll - Employment change rate )
focus on those news and leave any other news
cpi for ( aud -gbp -usd -chf- nzd - cad -jpy )
interest rates ( aud -gbp -chf- nzd - cad -jpy ) don't trade interest rates for usd its very volatile and here we focus on news that take one way up or down
non farm payroll just for usd
employment change rates take it for cad make good move
ok those news you can trade it and leave any other news
don't trade news on gold because its make a huge slippage
slippage but what slippage mean its mean when you click buy at price but your trade open very far away from the price you click it and that make you loss that thing happen at the moment of publish
so we avoid trading news on gold
so now i want trade news and i want good movement so we have some pairs make that move like ( usd jpy for news at usd ) and ( eurnzd for news at eur and nzd ) and ( eur aud for news at aud ) and ( eur cad for cad news ) and ( eur chf for chf news )
and ( gbp aud for gbp news )
those pairs make huge movement like 120 pips at news minute but if you choose gbpusd that will make 60 pips at the same news
now you understand what i mean but how i trade that good move
i make an EA for that NEWS TRAPPER EA you can use it but i want proof that EA working very good on my live account ok that example show you how EA work on live and demo account
that example show you how EA work on live and demo account
at left demo account on EURAUD
at right live account on AUD USD
news is CPI news for AUD
lets see what happen
after that you can join to our channel link in bio