Discussion in TradeStation

September 19th, 2021, 01:43 PM

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.

September 26th, 2021, 06:07 PM

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

September 26th, 2021, 06:50 PM

hi may be simply :

Code

condition1 = DayOfWeek(date) = 5 and Month(date) <> Month(date[5]);

September 27th, 2021, 09:45 AM

SMCJB

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

September 27th, 2021, 09:46 AM

Is that because the 1st Friday is the 1st? Is there an actual rule on the date?

September 27th, 2021, 10:02 AM

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.