All orders
Rules
Specification
Instruction:
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1) M5 chart.
2) Set up order placement 1 minute before big news.
3) Count from past 10 - 15 candlesticks on M5 chart.
4) Draw trendline on the chart (if it’s USD news, then draw trendline on USD pairs only).
5) If no movement / whipsaw movement (trendline e.g. < 30 degrees), then place 1 buy stop & 1 sell stop order at 5 pips away. If 1 stop order hit, cancel another stop order immediately.
6) If sloping down (trendline e.g. > 30 degree down or more*), then place 1 buy market order immediately.
7) If sloping up (trendline e.g. > 30 degree up or more*), then place 1 sell market order immediately.
8) News Source: ForexFactory (Need 3 stars / high impact news only)
*To find the trendline slope degree, compare last candle highest / lowest price (including candle tail price) with the lowest / highest (including candle tail price) of past e.g. 10 candlesticks. (Highest vs lowest, lowest vs highest price)
Trade High Impact News true/false
Currencies to Read EUR, USD, CAD, JPY, GBP, CHF, AUD, NZD, SGD (add/delete with comma)
Count from Past XXX Candles 10 (value adjustable)
Place Order XX minutes before News 1 (value adjustable)
Min Trendline Slope Down Degree 30 (draw trendline on chart)
Min Trendline Slope Up Degree 30 (draw trendline on chart)
Stop Order Entry Points (if no movement / whipsaw) 50
Stop Order Entry Points (if trendline slope > 30) 50
HourStart 01:00
HourEnd 23:00
Max Spread in Points 100
AutoMM (Balance %) 1 (1% balance loss = equal to SL in points for each order)
SL in Points 300 (1% loss)
TP in Points 1500 (5% profit)
Use Trailing Stop true / false
Trailing Stop Trigger in Points 400
Move to Breakeven + XX Points 100
Trailing Stepping in Points 100
Magic Number 138138
Comment Big News EA
1 EA attach to 1 chart for 1 currency pair trading. I will attach EA to 4 – 5 charts only.