Discuss Important News Trading Strategy here. Important News Trading Strategy is a simple Forex trading strategy based on the important Forex news releases. You can ask any questions about this strategy here.
Yes so has anyone found anything interesting in their experence trading the news with very high positions and would like to share or something?
I personally have found that when the spreads widen, ask price triggers the pending order but the bid is still underneath the SL. Then when the Ask price drops down below the SL too, the SL is bypassed and gets canceled by the icmarkets ctrader system. This results in huge losses that potentially exceed the SL risk level as it has been bypassed and failed.
So I had to use crobots that close my position automatically as soon as it reaches an X amount of money in loss