I want to tell you my strategy :
I'm going to those 3 calendars :
Forex news trading calendar with economic events analysis and currency exchange charts
Forex Forum, Forex Calendar, Forex News @ Forex Factory
Economic calendar | financial calendar | Forex economic calendar
I am using the filter in all the calendars to see the high impact news event only, ( in forexpeacearmy calendar i use 4 and 5 stars events) then im looking for those event that
all 3 calendars agree that it will have high impact. its about 1 0r 2 news every day.
Those are the
only news that im trading .
On those news im putting the EA for straddling 10 pips away from the price that is currently in the news time and about 7 + - pips TP, that's its , im not greedy.
also its important that the orders will have SL and TP from the start to prevent slippage.
I hope that most of the time i will success to scalp those 7 pips.
What you need to be careful is if the price move and execute one order but the price dont have strength to go all the way to the take profit and start to go against you this is the time to close the position and dont wait to the price go all the way to 10 pips Stop lose. But dont close the position to early
This is my startegy What do you think about it ?
Alon