Hi All.
My 7 Steps Strategy to Capture The News Trade
1. Place Trades 1min to news release
2. Place Two Pending orders...Buy Stop and Sell Stop
3. 20pips away from the current market price
4. Add 20pips or 10pips SL
5. Add a trailing of 15pips to the Pending orders (This key in your profit....No TP if you wish)
6. On one entry of the trade, close the other pending order
7. If the market did not trigger 2min After the news hour, close both pending orders
I have an EA that places the trades at your set time and automatically closes the other on entry.If you care...just ask for it....
Trade Tight.
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