Pierre, here's a couple of screenshots which might help you out
1. Start your trading platform and FNG
2. FNG displays a list of tradable news for the following week. Choose the one you're interested in and click the "Set Click" button next to it. A new window opens as shown below. In this example I'm trading "US Durable Goods New Orders To" which is forecast to be 0.8. According to my trading plan, I'm going to sell EUR/USD if the actual figure for the news release is greater than 1.2 so I double click on the top left "Range from" box and enter 1.2 (sorry I put 2.1 in the screen shot by mistake).
3. FNG's job is to click the mouse automatically for you as soon as the news release arrives, on either the BUY button or the SELL button. So, I now bring up my order window.
In order for it to do it's job, it needs to know where on the screen these buttons are, so on the same row, I click the "Click Location" button and a new message appears which says "Press S to save mouse location". I now move the mouse over the BUY button and press S. I DO NOT CLICK THE BUY BUTTON AT THIS POINT!!
You will notice that two new numbers have appeared in the row corresponding to X and Y coordinates of where you moved your mouse to. So long as the order window is open and in the same place as when you set the click location, this button will be clicked if the condition is met (i.e. the news release actual is >= 1.2)
In my case, I decide that I want to buy EUR/USD if this release is less than 0.5, so I click the Range To box on the second row and enter 0.5. I then do click the "Click Location button on the second row and move the mouse over the BUY button on my order window before pressing S.
I have now set up my trade to buy EUR/USD if the news release is <= 0.5 and sell EUR/USD if it is >= 1.2 so I press ok on the FNG click setting window. I need to make sure that my order window contains all the correct details for the trade that I want to make, e.g correct lot size and leave it open in the same place on the screen till the news release happens.
Judging by the almost immediate spike in popular news releases, I can only assume that many people program their trading platform in some way to achieve this effect. I'd be interested to know from anyone using this program what sort of fills do you get since I would imagine that if the price spikes very quickly, one could easily get filled at the end of the spike instead of at the beginning which was probably the hope.
Cheers,
Jon
