Hello Enivid,
SO, based on extensive research, I came to the conclusion that having HIGH IMPACT news are not enough by themselves to move the market in one diction, The Actual compered to the Forecast has a huge impact on price movement!!!
So what I was thinking next is to add one function which compares the Actual and the Forecast. Underneath that function we should be able to add as many as let's say 30 high impact news and set the trigger for each news. if the news meets our criteria, the pending orders will stay pending, but if the actual news is too similar to the Forecast, then just cancel pending orders, and if we did get an order filled (the market spiked a little) just close it!
So, for example: Let's say GBP Retail sales happen at 8:30 Broker time, and I want to set my ea to 8:28, as soon as the news come out and if the deviation is close to nothing ( 0.4% actual vs. 0.4% forecast) then ea will cancel pending orders right away. if by any chance there was a slight movement and one of my pending orders got filled, then the ea will close that order to avoid further risk of market uncertainty!...Now, if we would set our trigger to be 0.3 or higher, and the deviation was 0.3 ( 0.4% forecast AND 0.7% actual), then everything is fine and pending orders should remain pending.
Thank You.
I will attach the news indicator to help you implement it to the Amazing ea.
P.S.: This might be the final key to perfect the system!
Let me know if you have any question. I truly believe that this change needs to be added in order to make this ea function correctly and most profitably!
SO, based on extensive research, I came to the conclusion that having HIGH IMPACT news are not enough by themselves to move the market in one diction, The Actual compered to the Forecast has a huge impact on price movement!!!
So what I was thinking next is to add one function which compares the Actual and the Forecast. Underneath that function we should be able to add as many as let's say 30 high impact news and set the trigger for each news. if the news meets our criteria, the pending orders will stay pending, but if the actual news is too similar to the Forecast, then just cancel pending orders, and if we did get an order filled (the market spiked a little) just close it!
So, for example: Let's say GBP Retail sales happen at 8:30 Broker time, and I want to set my ea to 8:28, as soon as the news come out and if the deviation is close to nothing ( 0.4% actual vs. 0.4% forecast) then ea will cancel pending orders right away. if by any chance there was a slight movement and one of my pending orders got filled, then the ea will close that order to avoid further risk of market uncertainty!...Now, if we would set our trigger to be 0.3 or higher, and the deviation was 0.3 ( 0.4% forecast AND 0.7% actual), then everything is fine and pending orders should remain pending.
Thank You.
I will attach the news indicator to help you implement it to the Amazing ea.
P.S.: This might be the final key to perfect the system!
Let me know if you have any question. I truly believe that this change needs to be added in order to make this ea function correctly and most profitably!
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