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Whether to deal with news? #459946
06/12/16 21:14
06/12/16 21:14
Joined: Jan 2016
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Veratyr Offline OP
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Veratyr  Offline OP
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With Brexit and the FOMC announcement coming up pretty soon, is there official word on how to deal with news? My intent at the moment is to shut everything down for the 14th-15th and 28th. Does that seem like a good idea?

Re: Whether to deal with news? [Re: Veratyr] #459964
06/13/16 08:26
06/13/16 08:26
Joined: Jul 2000
Posts: 27,986
Frankfurt
jcl Offline

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jcl  Offline

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Posts: 27,986
Frankfurt
I avoid official statements - I fear to get teared and feathered for a bad advice. I won't shut down my own systems, but for reducing risk this might be not a bad idea. It's up to you.

Re: Whether to deal with news? [Re: jcl] #460052
06/14/16 16:24
06/14/16 16:24
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Veratyr Offline OP
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I'm sure that you've justified your decision not to shut down your own systems, maybe that reasoning would make an interesting Financial Hacker post? laugh

Re: Whether to deal with news? [Re: Veratyr] #460070
06/15/16 07:46
06/15/16 07:46
Joined: Jul 2000
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Frankfurt
jcl Offline

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Not really, since there's no deep financial consideration behind it. It's just for curiosity, and for being able to compare results.

Re: Whether to deal with news? [Re: jcl] #460078
06/15/16 13:53
06/15/16 13:53
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DdlV Offline
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It would be interesting, though, to know if over time there's been any correlation to scheduled news events, to the (supposed) direction of those events, and if significant enough of a move to profit from them... Or on the other hand, if there have been significant enough adverse effects to close all (related?) trades prior to a scheduled news event...

Of course, as I understand it news history is hard to come by - so maybe this isn't feasible...

Re: Whether to deal with news? [Re: DdlV] #460080
06/15/16 14:41
06/15/16 14:41
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Veratyr Offline OP
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I think most of the news we're interested in can either be summed up generally into "sentiment" or "fundamentals". The former may be difficult to attain but the latter is available in public datasets I believe.

I've decided to leave everything running today for FOMC but I think I'll shut it down next week for Brexit.

Re: Whether to deal with news? [Re: Veratyr] #460083
06/15/16 16:13
06/15/16 16:13
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DdlV Offline
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Curiosity question: By "shut it down" do you mean:

Stop Trading but leave positions open (to prevent being whipsawed out)?

or

Close all open Trades & either Stop Trading or put Risk -> 0 to prevent opening new trades?

Thanks.

Re: Whether to deal with news? [Re: DdlV] #460088
06/15/16 23:23
06/15/16 23:23
Joined: Mar 2015
Posts: 336
Rogaland
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nanotir Offline
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Rogaland
Panic slider?

Re: Whether to deal with news? [Re: nanotir] #460089
06/15/16 23:40
06/15/16 23:40
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Veratyr Offline OP
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Originally Posted By: DdlV
Curiosity question: By "shut it down" do you mean:

Stop Trading but leave positions open (to prevent being whipsawed out)?

or

Close all open Trades & either Stop Trading or put Risk -> 0 to prevent opening new trades?

Thanks.


The latter. If Brexit goes through I expect it to be about as bad as the CHF mess.

Re: Whether to deal with news? [Re: Veratyr] #460301
06/24/16 05:57
06/24/16 05:57
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Veratyr Offline OP
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Well the trading range of GBPUSD today was ~1.5000 to ~1.3200 and there was a crash on m1 from 1.47513 to 1.43241.

How the Z Systems cope for those brave enough to leave them running? Were any holding any EUR or GBP?

Last edited by Veratyr; 06/24/16 05:58.
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