Disable trading during the news (X minutes before and Y minutes after).
Impact filter.
"Close before X minutes" before news mode.
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Satisfaction mark by Andrey Khatimlianskyi 3 years ago
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I think it can work. But good News EA — it is another big theme. Not sure we will make it soon.
Better close the EA for particular duration before and after the news. U may be better judge to decide that duration sir. Please implement. I can observe that EA DD is more only during that times!
And how do we handle already existing positions during news time? Can we think of hedging for this?
And how do we handle already existing positions during news time? Can we think of hedging for this?
Yep, we should hedge opened series, if any.
But let's focus on non-martingale sets which shouldn't be hedged.
I support the implementation of the News Filter. We need it for 2 purposes.
1. Disable one type trading strategy at big impact news. Here we need X time befor and Y time after news.
2. Anable second type trading strategy (X time befor in Y time after news). Trading is only allowed in the period between the X and Y time frames.
Place 2 price actions (buy / sell) after a very relevant news in order to catch a trend.
Close the one against the trend