- Modified News Straddle Forex Trading Strategy | Forex MT4
- News Indicator (MT4) based on Forex Factory Calendar
- Fade Away News Trade Forex Trading Strategy | Forex MT4
- MT4 News Calendar Indicator | Page 6 | Forex Factory
8. This model of the indicator exhibits information not just for the present week, but in addition for the subsequent one. So now, on Friday you will notice the information on the next Monday, Tuesday and so on.
Modified News Straddle Forex Trading Strategy | Forex MT4
News based trading or trading based on economic events is a strategy used by many day traders. The basic criteria with such a method of trading is to wait for the markets to near a major news release.
News Indicator (MT4) based on Forex Factory Calendar
The MT9 news indicator automatically picks up the news events based on the currency pair to which the indicator is applied to. For example, in the above chart we installed the MT9 news indicator on the EURUSD chart.
Fade Away News Trade Forex Trading Strategy | Forex MT4
Hours ahead/behind. The given parameter specifies for how many hours ago and ahead news must be shown on your chart. Important note: news are available for the current week only. This is why you will see only the news for the current week if you select to show news for a pair of weeks ago.
MT4 News Calendar Indicator | Page 6 | Forex Factory
Ignoring these can be like trading at your own risk and trading in the blind. An unexpected news outcome could lead to a strong movement in the underlying price in the spot markets. These moves happen as investors seek a big shift or when the economy posts a sharp turn.
Trading on the actual news release is pretty hard due to the drying up of the market. What we could do however is trade after the news. This way, we have all the information we need. We’ve got the news release and more. And we trade against the direction of the news, also known as fading the news. This is more of a counter-intuitive method, but I think there is logic in it.
Another common type of news event that you should follow is the central bank news speeches. Speeches given by key officials from the central bank who determine the interest rates can give great insights into their thinking and what their decision will be on interest rates.
Of course, there are some risks with this approach. One of the reasons is that around news releases, the spreads tend to widen. This can lead to abnormal positions being executed in the market. Most news based trading strategies require to you buy or sell at market. Therefore, leading to wrong price fills.