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NFP


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NFP

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  #1 (permalink)
riccardo1981
Verona Italy
 
 
Posts: 5 since Sep 2021
Thanks: 1 given, 1 received

Hi to everyone,
i would like to understand if there is a kind of code to avoid any trade during the NFP.

At the moment the only solution that i found is specify for each dayofweek the NFP date

eg

if dayofweek <> 0211008 and dayofweek <> 0211105 and dayofweek <> 0211203 then buy next bar at high stop

if dayofweek <> 0211008 and dayofweek <> 0211105 and dayofweek <> 0211203 then sellshort next bar at low stop

Are there any other "smart" solution ?

Many Thanks
R.

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  #2 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
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NFP being Non Farm Payroll?

Isn't Non Farm Payroll first Friday of the month? If so something like (quasicode)

 
Code
Var: IsNFPDay(FALSE);

If ( DayofMonth(date) < 8 and DayofWeek(date) = Friday ) then IsNFPDay = TRUE else IsNFPDay = FALSE.

If not(IsNFPDay) then trade away

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  #3 (permalink)
Kolnidrei
Lyon/France
 
 
Posts: 14 since Aug 2012
Thanks: 1 given, 10 received


hi may be simply :
 
Code
condition1 = DayOfWeek(date) = 5 and Month(date) <> Month(date[5]);

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  #4 (permalink)
riccardo1981
Verona Italy
 
 
Posts: 5 since Sep 2021
Thanks: 1 given, 1 received


SMCJB View Post
NFP being Non Farm Payroll?

Isn't Non Farm Payroll first Friday of the month? If so something like (quasicode)

 
Code
Var: IsNFPDay(FALSE);

If ( DayofMonth(date) < 8 and DayofWeek(date) = Friday ) then IsNFPDay = TRUE else IsNFPDay = FALSE.

If not(IsNFPDay) then trade away

Next month ( October 2021 ) NFP are not in first Friday of Month 01.10.2021 ot 10.01.2021 but 08.10.2021 or 10.08.2021

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  #5 (permalink)
 SMCJB 
Legendary Market Wizard
Houston, TX
 
Experience: Advanced
Platform: Trading Technologies
Broker: Primary Advantage Futures. Also ED&F and Tradestation
Trading: Primarily Energy but also a little GE, GC, SI & Bitcoin
 
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Is that because the 1st Friday is the 1st? Is there an actual rule on the date?

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  #6 (permalink)
riccardo1981
Verona Italy
 
 
Posts: 5 since Sep 2021
Thanks: 1 given, 1 received

mmm.. let me say.. in all website / article etc.. i always read first friday of month.. but yes next month could be an exception since we are on the 1st of Month..

So to avoid "going crazy" your suggestion is ok

Many Thanks
R.

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Last Updated on September 27, 2021


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