Use news for testing strategies
News filter (usually) will not work on backtesting.
Can you ellaborate a big further? If you have the time of the news connected to backteting via .csv or others, Im pretty sure it will work.
Say you have a straddle strategy coded to open a buy 10 pips above the previous candle close and a sell 10 pips below.
At news time the price leaps 100 pips higher in 1 tick.
On a real time chart, there is never a price available to enter 10 pips above the previous candle close
In the strategy tester, the order is filled and makes a profit
That is why backtesting results cannot be relied on, especially around news times
Say you have a straddle strategy coded to open a buy 10 pips above the previous candle close and a sell 10 pips below.
At news time the price leaps 100 pips higher in 1 tick.
On a real time chart, there is never a price available to enter 10 pips above the previous candle close
In the strategy tester, the order is filled and makes a profit
That is why backtesting results cannot be relied on, especially around news times
Im not interested in ticks, really I use H1 bars... I think you guys are extrapolating what Im asking here
Are H1 bars not made up with Ticks?
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I want my EAs to ankwoledge the news in market, I will like to use this information in 2 ways.
1.- To analizye the news impact on my strategies, using backtesting, data analisys, etc...
2.- To make use of the time of next releases, to perform actions on my EAs.
I know that for example forexfactory can allow us the .csv of past and near future news. I will start my search here.
I dont think I have problem to perform a FileRead in the CSV. for real time. Im think i might have some issues when use this on backtesting?
Anyone has a solution or could guide me a little?
Thx