There is old thread about it - Indicators/EAs for news and trading signals
![Indicators/EAs for news and trading signals Indicators/EAs for news and trading signals](https://c.mql5.com/36/26/indicators-eas-for-news-and-trading.jpg)
- 2015.03.26
- www.mql5.com
Forex News - How to Trade News Announcements
One of the reasons so many forex traders
come to the Forex market is because of the potential to make fast money.
With huge amounts of leverage, and extremely volatile price movements,
many traders look to focus on trading forex news since this can produce
some of the fastest movements that the forex market might see.
Unfortunately,
a lot of these types of traders will fail. Forex news can be
notoriously difficult to trade as price movements can be so wild and
volatile. Not only can these movements be unpredictable, but forex
traders will often employ sloppy risk management and end up turning a
short-term trade into a long-term problem.
There has to be a better way to do this.
Some
traders choose to just avoid trading forex news, or those trading
longer-term strategies often try to 'trade around them.' But there are a few different ways to try to "use the
forex news".
For one, since these price movements can be so wild
and volatile, it may offer longer-term forex traders the opportunity to
get a better entry price than they would have initially anticipated.
Let's
say that the EURUSD is trading at 1.3000, and a trader wants to go long
with a 100 pip stop and a 300 pip profit target; but NFP is 30 minutes
away and our traders doesn't want to take the risk of losing 100 pips so
shortly after placing a trade designed to be open for a few days. So
our trader waits...
Once NFP comes out, the trader sees price
hurry down to 1.2950 before finding support shortly after the data was
announced. Our trader can then buy, keeping their stop at 1.2900, and
now can look for a 350 pip profit target. Their original risk-reward
was going to be 1-to-3. Now, it can be 1-to-7, and they were able to
get long the EURUSD at a much better price.
The other way to use the forex news is to trade the volatility that can come from news announcements. This involves placing an entry order to go long above resistance, and an entry order to go short below support. This way, if the volatility from the news release creates a price movement that could go on for days, forex traders could potentially enter at the early portion of the move as prices initially move on to make new highs or lows.
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looking for a discussion for traders who trade new release . for example one click trading bots with S/L , how to avoid slippage etc , what events to trade ?
forecasted pips and so on