strategy to trade news releases - NinjaTrader Programming | futures io social day trading
futures io futures trading


Notices

strategy to trade news releases
Updated: Views / Replies:2,152 / 8
Created: by aqawle Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

strategy to trade news releases

  #1 (permalink)
Elite Member
Kansas City, Mo
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Zen-fire
Favorite Futures: ES, Oil
 
Posts: 19 since Mar 2010
Thanks: 1 given, 11 received

strategy to trade news releases

I was recently introduced to the following website where they
trade news events, and they've developed strategies to take
advantage of the price spikes that follow a news release.
It is a Forex site so their strategies are coded in the MT4 platform.

My question to the forum members, who are experts in coding, is does
anyone have such strategy coded in the Ninjatrader platform and will
they be willing to share it.
If such a strategy doesn't exist on the forum now, is it because it is
not possible to code it in the Ninja platform?

Here is a link to the site: Learn Currency Trading | Professional Forex trading strategies and systems for all traders.

Reply With Quote
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Trading Apprentice
New York, USA
 
Futures Experience: Advanced
Platform: multiple
Favorite Futures: Currency Futures, Futures
 
Posts: 6 since Jul 2011
Thanks: 0 given, 4 received


I do not have such a strategy for NT7 nor do I know where you can get one. However, I'd offer a word of caution on trying to trade news events. I took a look at the site and even the poster states: " If you see anything that doesn’t look right, like spikes before the data comes out, or big delays in the data, you are better off to turn it off and wait for the next trade (which happens not long afterwards)."

It takes a fair amount of experience to judge that type of volatility. While I've avoided trading before big news, I know of a few traders that got caught with their pants down and lost big due to a spike the other way. Also, the slippage can be huge, especially if you are dealing with forex, it could easily be well over 10 pips. No strategy is going to be able to eliminate all of that.

Reply With Quote
 
  #4 (permalink)
Elite Member
Kansas City, Mo
 
Futures Experience: Beginner
Platform: Ninjatrader
Broker/Data: Zen-fire
Favorite Futures: ES, Oil
 
Posts: 19 since Mar 2010
Thanks: 1 given, 11 received

I was actually gonna use the strategy to sim trade the futures and see how it performs? I'm also curious how
to code a bracket order, placing a long (buyStop) above current price and a short (sellStop) below it in a strategy.

It seems no one in the forum is willing to part with this information either. Anyway, thanks for replying.

Reply With Quote
 
  #5 (permalink)
Elite Member
San Diego, CA USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
GridKing's Avatar
 
Posts: 3,650 since May 2011
Thanks: 588 given, 877 received

My strategy

...is not trade news releases , I have come to the conclusion that you can trade on anticipation of news and reaction to news , but not the news itself, even if correct on the news event, may not be correct on the reaction to the news event and no way out of trade JMO

but , if that is your goal try here : https://www.tradethenews.com/

(not for Ninja Trader strategies , perhaps for insight on trading news events)

Reply With Quote
 
  #6 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: ATC/TT, AMP/Zen-Fire, AMP/CQG
Favorite Futures: TF
 
bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,828 received

I traded news events for 6 months. I won about 40% and lost about 60%.

I would put in SLM orders so many ticks above/below for breakouts with OCO orders etc...

Half the time, the OCO's wouldn't fire properly because it moved so fast, then the new conditions would change and the market profit would change.

So, what I found was that the instrument makes a big difference for volume sake if actually getting filled as well as different times of the year or volatility occur within the market itself to a point of where you need to adjust.

I was betting 1 live contract for about 6 months and I ended up down about -300.00 with a strategy I learned from a trading room that continues to market it.

AMP futures also has a trade they were doing on CL breakouts that was similar to my own, but in my opinion not as good. I don't know if they still do it or not, but really a crap shoot.

Oh, I did ES, CL, TF, 6E, 6J....

I found CL to be the most fun but scary and the 6J to be the best in terms of profit but getting filled was always a challenge.

Reply With Quote
The following user says Thank You to bluemele for this post:
 
  #7 (permalink)
Elite Member
Austin, TX
 
Futures Experience: Master
Platform: ninjatrader, r-trader
Favorite Futures: CL, NG, TF, NQ, YM, GC, ES
 
liquidcci's Avatar
 
Posts: 862 since Jun 2011
Thanks: 609 given, 1,055 received

Eventually you will come to conclusion you should not try to trade news releases especially on futures. Two ways to come to that conclusion. One by listening to smart traders or two by blowing out your account.

Which one will you choose?

"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Reply With Quote
The following 3 users say Thank You to liquidcci for this post:
 
  #8 (permalink)
Trading Apprentice
São Paulo
 
Futures Experience: None
Platform: TradeStation
Favorite Futures: Emini ES
 
Posts: 26 since Mar 2017
Thanks: 0 given, 3 received

Hi liquidcci . I got to the same conclusion.

Reply With Quote
 
  #9 (permalink)
Elite Member
Arnhem, The Netherlands
 
Futures Experience: Intermediate
Platform: NinjaTrader, Zorro
Broker/Data: RCG/Continuum, IB, Oanda
Favorite Futures: Futures: FDAX, GC, ES, CL also: FX, CFD, ETF
 
rlstreet's Avatar
 
Posts: 26 since Aug 2012
Thanks: 12 given, 18 received

Before trading news with an algo, you could first try manually a common setup to get feel for one or more event/instrument combinations. Better is to research specific events over longer periods. You could for instance research the correlation between price movement just 15min before event and after the event, if there is a strong positive or negative correlation, you can take a position before news event, so you avoid huge slippage on entry,. Slippage for your stop can be huge though.

Sent using the futures.io mobile app

Reply With Quote

Reply



futures io > > > > > strategy to trade news releases

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

How to use the Footprint Tool to Execute Trades w/Brannigan Barrett

Elite only
 

Ask Me Anything (Brokers & Platforms) w/Ilan Levy Mayer @ Cannon Trading

Dec 13
 

Battlestations! Show us your trading desks w/GFF Brokers ($750 in Prizes)

January
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
In the trade before a scheduled news event cw30000 Traders Hideout 19 February 16th, 2016 04:46 PM
Trade management strategy wanted visounds NinjaTrader Programming 6 July 27th, 2011 09:01 AM
Pentagon Releases New Video of Osama Bin Laden Quick Summary News and Current Events 0 May 7th, 2011 05:40 PM
Strategy to open only 1 trade peter88 NinjaTrader Programming 7 January 25th, 2011 01:47 PM
Earning releases icetech Traders Hideout 5 January 7th, 2011 01:14 PM


Tags
6e, bracket, breakouts, brokers, cl, code, correlation, currency trading, data, dow, elite, es, forex, forex trading, futures, infinity futures, information, mt4, negative correlation, ninja trader, ninjascript, ninjatrader, nq, nt7, price spikes, profitable, research, silver, sim, sim_trading, slippage, strategies, strategy, tapatalk, tf, trading, trading room, trading strategies, type, volatility, volume

All times are GMT -4. The time now is 11:55 PM. (this page content is cached, log in for real-time version)

Copyright © 2018 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2018-12-09 in 0.15 seconds with 14 queries on phoenix