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strategy to trade news releases
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strategy to trade news releases

  #1 (permalink)
Kansas City, Mo
Trading 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.

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  #2 (permalink)
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  #3 (permalink)
New York, USA
Trading 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.

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  #4 (permalink)
Kansas City, Mo
Trading 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.

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  #5 (permalink)
San Diego, CA USA
Trading Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
GridKing's Avatar
Posts: 3,650 since May 2011
Thanks: 588 given, 879 received

My strategy 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 :

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

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  #6 (permalink)
Honolulu, Hawaii
Trading 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, 2,831 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.

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  #7 (permalink)
Austin, TX
Trading 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, 1,059 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."
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  #8 (permalink)
Arnhem, The Netherlands
Trading 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: 28 since Aug 2012
Thanks: 20 given, 20 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.

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