322# Forex News Scalping System

News Trading

Submit by Amid 20/04/2013

 

When there is an important news on the way, as we don’t know what direction the forex market will choose, we should place pending orders.

Setup:

1. Open an Economic Calendar

2. Look for the important news to be released.

3. Choose the most influential ones that are expected to

shake the market well.

4. Once got news (last can be found in any Forex economic

calendar) find out which currency pair is going to be

affected.

5. 15 minutes before the data is released place buy/sell

stop orders on both sides 15 pips away from the current

price. Half an hour prior to the big news Forex market

usually flats out – no significant trading is done, currency

is often “stuck” in a small tight range.

After studying for a while a particular currency pair and its

reaction to the news, traders can predict direction of price

spikes and the length of the move in pips to set entries and

profit targets more accurately.

 

Expert EA Trailing Stop

 

 

In the pictures below Forex News Scalping System in action.

Forex News Sscalping
Forex News Sscalping

 

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Forex News Strategies