US Jobless Claims, profitable trade for USD/CAD, stop loss was moved to breakeven:
Attachment 41246
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US Jobless Claims, profitable trade for USD/CAD, stop loss was moved to breakeven:
Attachment 41246
Hi, is it possible to backtest this EA from many years ago? The http://ec.forexprostools.com/ seems to have limited history.
I backtested this EA very long time ago, and after that - I used it for the long time.
I traded high impacted new events only (and only NPF once in a month).
As to the high impacted news events in general for trading (means: trade all high impacted news events) so the pair of most clear (no false signals) movement is USD/CAD, and most difficult pair to trade was GBP/USD.
It is my experience.
Yes, we can backtest it - the procedure was explained on the first post of the thread (it is something about Read Calendar From File parameter and more).
Consumer Price Index (CPI) today -
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Great. I will test this news trader EA for today's ECB press conference.
Trade was triggered for EURUSD and EURJPY 5min chart.
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Today's news trade on Cad unemployment rate. I put EA on EURCAD, GBPCAD and USDCAD.
GBPCAD lost trade, -5.8pips. EURCAD profit, 9.20pips and USDCAD profit 6.40. Total profits for this news trade are 9.80pips.
2 trade still open for EURCAD and USDCAD. GBPCAD were all closed.
I was setting up NewsTrader_v4.6 600+EA to trade FOMC news announcement, to trade 5 currency pairs, namely EURUSD, USDCHF, GBPUSD, AUDUSD and USDCAD. EA was using the default setting for stoploss, profit taking and trailing stoploss.
I change the EA to trade high impact news trading only, and each trade use 0.01lot.
Here is the result for FOMC trading about 3 hours ago. Gain profit about 217.50 pips or $20.78. Statement attached.
There are some orders still open.
So the final tally of FOMC news trading is 225.70pips or $20.70.
Next coming up news trading, bank Of England interest rate decision and U.S initial Jobless Claims.