DreamzFX News Trade Manager
There are many good shopping assistants, but this created for news traders. With it, you can set your profit targets on the basis of the size of the jump.
Input parameters
- Breakeven: move the stop loss to lock the profit prices.
- BreakEvenPips: profit in pips, which is set after reaching breakeven.
- BreakEvenProfit profit in pips to set the bezubytka.
- AutoStopLoss: start-stop loss.
- AutoTakeProfit: starter take profit.
- TP1: closing half of the position after reaching the desired profit in pips (ordinary Take Profit 1).
- SpikeTP1: takeprofit 1 relative candles on M1 (set TP1, triggered at any of the first spark plug).
- SpikeTP1Min: minimum number of pips for partial closure.
- SpikeTP2: take profit relative to the candles on the M1.
- SpikeTP2Min: minimum number of pips to take profit.
The principle of operation SpikeTP
If you're trading on the news or using a clicker, our expert can close your position, based on the projected jump. For example, if you consider that the yield of Non-Farm Payroll report (jobs outside the agricultural sector) could lead to a jump of 100 pips, and point 95 in SpikeTP2 parameter and 5 SpikeTP2Min parameter, take profit is set at 95 pips, regardless at input prices. 90 pips to close the position at a profit in 5 pips. At 80 pips profit of 15 pips. At 100 pips expert expects to achieve a minimum profit, which in this case is 5 pips, and then closes position.
Next, an example of using absolute price: a jump from 1.1000 to 1.1100 (100 pips), your take profit set to 1.1095, regardless of the inlet rates, but with a guaranteed profit of at least 5 pips. When the position of 1.1095 to close at 1.1100.
Testing on historical data
The expert has the following stop orders to enter, designed to test for stories:
Aug July 2015: EURUSD SellStop 1.0905 (Non-Farm Payroll)
Aug 18, 2015: GBPUSD BuyStop 1.5615 (UK CPI)
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