Non-Farm Employment Strategy

[niloufar mohamadi]

Hi all

what is your NFP strategy ?

today is NFP

FriAug 2	12:50am	JPY		Monetary Base y/y		38.0%	43.2%	36.0%
	2:30am	AUD		PPI q/q		0.1%	0.5%	0.3%
	7:00am	GBP		Nationwide HPI m/m			0.4%	0.3%
	8:00am	EUR		Spanish Unemployment Change			-80.0K	-127.2K
	8:30am	CHF		SVME PMI			53.1	51.9
	9:30am	GBP		Construction PMI			51.6	51.0
	10:00am	EUR		PPI m/m			0.1%	-0.3%
	1:30pm	USD		Non-Farm Employment Change

[Sergey Golubev]

Yes, it will be at 12:30 GMT, or 14:30 MQ MT5 time :

2013-08-02 12:30 GMT | [USD - Non-farm Payrolls]

The strategy is very simple one for/during nfp: "if you do not know how to trade - stay away" :)

Forum

Press review

newdigital, 2013.08.01 16:16

Yes, nfp trading may be profitable ... but as we can see on the charts on the previous posts so it is very difficult trade nfp nes events. Many traders are not trading during nfp, the other traders are not trading on Friday. But there are some traders (special guys) who are trading nfp only.

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US data announcements trigger volatile trading :

The US dollar is the main focus for forex traders this week with several crucial economic data releases scheduled. On Friday, the US unemployment rate will be revealed and it is predicted that the rate will drop from 7.6% to 7.5%. While this is heading in the right direction, Federal Reserve Chairman Ben Bernanke is unlikely to trim the stimulus until he sees unemployment fall below 7%. The most significant measure of the health of the US economy, however, is the Non-Farm Payrolls (NFP) data, which will also be released on the same day.

[Jian Chen]

My EA doesn't work for big event. So I just disabled the autotrading and am waiting for the nfp :)

[[Deleted]]

niloufar:

Hi all

what is your NFP strategy ?

today is NFP

FriAug 2	12:50am	JPY		Monetary Base y/y		38.0%	43.2%	36.0%
	2:30am	AUD		PPI q/q		0.1%	0.5%	0.3%
	7:00am	GBP		Nationwide HPI m/m			0.4%	0.3%
	8:00am	EUR		Spanish Unemployment Change			-80.0K	-127.2K
	8:30am	CHF		SVME PMI			53.1	51.9
	9:30am	GBP		Construction PMI			51.6	51.0
	10:00am	EUR		PPI m/m			0.1%	-0.3%
	1:30pm	USD		Non-Farm Employment Change

Perhaps the most interesting thing is to manually trade this event. I would try to ride the wave as far as possible, but always keeping in mind that strong climbs back may take place. You should be mentally prepared to tolerate large movements and accept them. If you can enter a low risk level you can get a very good trade, keep in mind the risk/benefit ratio! Regards.

[Sergey Golubev]

nfp :

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.08.02

MetaQuotes Software Corp., MetaTrader 5, Demo

nfp 1

MetaTrader Trading Platform Screenshots

USDCHF, M5, 2013.08.02

MetaQuotes Software Corp., MetaTrader 5, Demo

nfp

[Kourosh Hossein Davallou]

Hi good NFP

[Sergey Golubev]

Price came back to AUDUSD :)

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.08.02

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd came back

[niloufar mohamadi]

1:30pm	CAD		Employment Change			21.2K	-39.4K
		CAD		Unemployment Rate			7.2%	7.2%
		CAD		Labor Productivity q/q			0.3%	0.2%
		USD		Non-Farm Employment Change			178K	162K
		USD		Unemployment Rate			7.4%	7.4%
		USD		Average Hourly Earnings m/m

[Gurmeet Budhraja]

forex2start:
My EA doesn't work for big event. So I just disabled the autotrading and am waiting for the nfp :)

99% EAs don't work on big events. Don't worry man..

[Mehrdad Shiri]

gurmeetb:
99% EAs don't work on big events. Don't worry man..

why?

     is it refer to strategy ea based on it

     or

     because of requote and/or other Reason FROM broker or some where; then it can not take the position?

what's the problem ?

[Gregory Jackson]

gurmeetb:
99% EAs don't work on big events. Don't worry man..

and this is often the reason for back test results being very different to live trading.