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Alerts and/or flatten open positions when tier-1 news are scheduled
I would like to develop a special indicator/strategy for NT7 that would alert me x hours before a tier-1 news regarding any of the major currencies, and I would also want this code to flatten any open positions x minutes before any tier-1 news.
I am open to suggestions on how to solve this the best way, or if I need some more special feature regarding news that I have not thought of.
It has happened once or twice that I missed important tier-1 news and the volatility made my positions go in big loss.
Any ideas are welcome, not only code.
Thank you!
Can you help answer these questions from other members on NexusFi?
Which interface/api would you recommend for further development?
I mean, which website is probably the best when it comes to news and that my strategy should be based on.
Thanks!
There are paid services and free services.
The free service will need to 'scrape' the website to the info (the publisher gets normally paid by the publicity that is pushed to your browser...)
So, you mean the content would be exactly the same between different websites etc, but if you pay you dont have any adds? I want a serious news service, so I dont money on my positions because of a missed news event.
The major news is covered by all of the websites/service providers.
You just need to pick one and implement :
1) screen scraping (you emulate a browser request and parse the reply
2) API, most if not all APIs are paid for
This is for the economic calendar that is upfront known
If you want to catch unforeseen news event, like a terrorist attack, plane crash or any other event
that will be much more tricky..