Before I specify the details of the solution I'm after let me say this. I'm not sure how best/the easiest way to implement this job be it an EA, Indicator or a stand alone Application) I'm leaving it to you to come up with the solution on how best to implement it.
Basically, I want an application/program that reads data from forex factory's weekly economic calendar forecast (https://www.forexfactory.com/calendar?week=this#closed) and then with a set of simple rules these economic data are calculated to display numbers based on the rules.
There are 8 currencies USD, EUR, CHF, GBP, JPY, AUD, NZD and CAD
The forex factory economic calendar week is categorized by 3 levels of news impacts (High, Medium and Low impacts) And each news week forecast is refreshed when trading is closed for the week on Friday and then refreshed hourly to catch any mid-week calendar updates.
Program rules:
- Check If currency (X) if on weekly calendar if Yes then check if the news has a forecast number and then note the date and impact of the news.
- Then check the 'Usual Effect' to determent if higher or lower reading of the news is good or bad for the currency.
- And then give points to the currency based on the forecast and impact of the news.
The application's input setting:
- Set Impact points for High, Medium and Low
- Show/select only High or Medium or Low or All Impact score points
- Show/select all 3 combined impact score points or select Impact score to show
For example: Input setting = High (3 point) Medium (2 Points) and Low (1 point)
Currency (X) has a 'High Impact' data release on Wednesday, GDP q/q Forecast = 0.6% Previous =3.4% The point score for example this would be -3 the reason being that firstly, the 'Usual Effect' is 'Actual' greater than 'Forecast' is good for currency (which means the forecast number needs to be higher than previous reading to score a positive point). Secondly, the example is a High Impact news which needs to score either a positive 3 or a -3 point based on the outcome of the data release. In this case though the forecast number is below than the previous number so it scores -3 point.
Ones you understand the requirement it's much simpler than it sounds. If you need further explanation please do not hesitate to ask me
Similar orders
Greetings great developer, I am in search of a highly skilled MQL5 developer to assist with an exciting project. I need to convert two open-source TradingView indicators to NinjaTrader 8 and implement a usage restriction based on computer IDs. If you have experience with NinjaTrader 8 coding please let me know. I’d be happy to discuss the details further
Hello, I need someone who have a great experience in ATAS platforms, I use ATAS software for orderflow and i would like tradingview to draw some light information from ATAS to tradingview. If you are capable of this please send me a message and let's proceed
I have an equity reporter. This equity reporter displays the maximum and minimum equity reached over a specific interval. So, if the interval is set to 24 hours, the script will generate data in the format: "Profit ATT" (profit AtThatTime) shows max./min. during the specific interval This specific report shows data in pips. It can also be set to display in price or percentages. The interval is also easily adjustable
Hey, great developer I have a thinkorswim script I want to convert it into TradingView. Can you please let me know if you can i will be looking for great developer that will bid for it best regards
Hey, great developer I have a thinkorswim script I want to convert it into TradingView. Can you please let me know if you can i will be looking for great developer that will bid for it best regards
Hey greetings. I am in need of tradingview developer that can modify an open source PineScript indicator code to add additional features. Kindly bid for this project if it is what you handle and let proceed with the project
In summary 1) The bot will only take Firm Buy and Firm Sell Signals . 2) The bot will use the SL and TP based on the indicator . 3) the risk to reward is 2:1 but when the price reaches 1:1 set SL to Breakeven 4) the bot will take Firm Buy and Firm sell after the candle closes with a firm buy or firm sell 5) make sure to give an option for number of contracts to be traded . 6) Bot will close all the trades EOD
Hello, I'd like to get a developer for converting tradingview indicator script to NT8 indicator. I have attached rough c# code and working pine script. indicator is nothing but just 7 horizontal lines drawn with 3 types of colors, 3 lines for support level, 3 lines for resistance level and 1 mid line. Purpose of the indicator is to draw colored horizontal lines with labels when a text is pasted with predefined
The Bot will use 2 Indicators and should follow these rules: Trade Entry: You must always enter the trade EXACTLY at the close of the current candle, with the expiry time set to the end of the next candle. It will only work if you click BUY or SELL EXACTLY in the last second of the current candle. I don't need to mention that you need a good internet connection and obviously should use the trading platform app. DO
Hi, I need someone who have an idea of IG Market I am running into a problem I need to have at least 50pips between my order and stoploss. Can you check with me where it goes wrong
All orders
Rules