Nanitek: I know guys who do Forex news trading. If I remember right they have a software which translates the news into trading signals. But that alone is not enough. The market reaction is super quick so they have to find DD brokers with slightly delayed price feeds in order to earn money. Then it's possible to enter the market in time but in the long-term the brokers aren't happy because when a customer earns money it almost always means that they lose money. So the approach outlined above is not possible without switching brokers and/or identities quite often. And sometimes they are reluctant to pay you out so you also need a lawyer who is versed in this area.
Despite the pitfalls it used to be a gold mine but the competition is much tougher now and the brokers are more clever. It requires lot of work and in my opinion there are better ways how to earn money. That said - maybe there are other possibilities how to trade the news without so much hassle.
Re: News history data
[Re: pcz]
#469677 11/30/1723:0511/30/1723:05
Just set an OCO order just above and below the current price, with a reasonable take profit and a tight stop loss and you are done. Can't get the full reaction that way but you'll get almost every reaction without much sweat.
-- DD
Re: News history data
[Re: DizDaz]
#469863 12/12/1705:3012/12/1705:30
@DizDaz ... no concern mate , if price "jumps across your OCO " and opens a gap ? I had nightmare with IB ( who I think are very professional brokers ) when price buildt a gap far behind my SL ( from one tick to the next tick ) after NFP release .
@easyX : there is NEVER a free lunch at the stocks
m2c
Wolfgang
Last edited by Lobo; 12/12/1705:31.
Do not trade alone & Never Give Up
Re: News history data
[Re: Lobo]
#469878 12/12/1712:4012/12/1712:40
Hm but there are strong movements to one direction on big news. FED => SP500 and so on long, EURUSD long. ECB => DAX long, EURUSD short. I just want to find more of these kind of "rules".