NewsTrader EA

US Jobless Claims, profitable trade for USD/CAD, stop loss was moved to breakeven:

Hi, is it possible to backtest this EA from many years ago? The http://ec.forexprostools.com/ seems to have limited history.

Originally Posted by AngelDuz

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 -

Great. I will test this news trader EA for today's ECB press conference.

Trade was triggered for EURUSD and EURJPY 5min chart.

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.

Originally Posted by matfx

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.

Originally Posted by matfx

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.

My trading plan for today's BOE rate decision :

Instruments to trade: GBP/USD, EUR/GBP, GBP/JPY, GBP/AUD