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NFP Pilot Questions and Discussion This is the primary board for discussing subject matter related to the NFP Pilot news trading expert advisor

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  #1  
Old 12-09-2008, 05:28 PM
popeone popeone is offline
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Thumbs up NFP (Sticky?)

I think this would be great to have for first time users of the NFP/ECB...
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  #2  
Old 01-08-2009, 10:10 AM
Simmo Simmo is offline
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Good idea. I would like to try this tomorrow, but am unsure of how exactly to set this up.
Do I setup two trades manually and then just load the robot ?
What do the parameters 'Step1 - Step5' mean ?
and what do Takeprofit 1&2 apply to ? ( I mean is this for trades 1&2)

Thanks for any replies.
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  #3  
Old 01-08-2009, 06:49 PM
jefe jefe is offline
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Quote:
Originally Posted by Simmo View Post
Good idea. I would like to try this tomorrow, but am unsure of how exactly to set this up.
Do I setup two trades manually and then just load the robot ?
What do the parameters 'Step1 - Step5' mean ?
and what do Takeprofit 1&2 apply to ? ( I mean is this for trades 1&2)

Thanks for any replies.

The best thing to do is attach it to your demo acct and set it to work 5 minutes from NOW...Then you'll see how it works...

Its just a timed program that opens up a bunch of pending orders - then when the mkt moves in that direction the pending orders trip. After 20 min or so the still pending orders go way...

OOOR on the eur/usd chart in the am just start buying --- NFP is gonna be through the roof...
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  #4  
Old 01-09-2009, 05:51 AM
Pavarotti Pavarotti is offline
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Quote:
Originally Posted by Simmo View Post
Good idea. I would like to try this tomorrow, but am unsure of how exactly to set this up.
Do I setup two trades manually and then just load the robot ?
What do the parameters 'Step1 - Step5' mean ?
and what do Takeprofit 1&2 apply to ? ( I mean is this for trades 1&2)

Thanks for any replies.
There is a major news even on the canadian $ 12:00 GMT, I am going to test NFP EA on this on Demo with the default setting and trade it live by hand live

http://www.forexfactory.com/calendar.php.

I don't want to miss out on the cash run later on with NFP or I might come back here crying dead broke
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  #5  
Old 01-09-2009, 06:34 AM
Pavarotti Pavarotti is offline
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Anyone know how to set it up for 5 digit broker?

Doesn't seem to run but 4 digit is fine
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  #6  
Old 01-09-2009, 07:22 AM
jefe jefe is offline
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No key is required.
Make sure magic number doesn't match other chart EA's
The report is due at 8:30am EST
All my EA's order sizes are zero--are off (I still have some open orders)
Attach NFP to EUR/USD M1 chart.
On IBFX I set the Hour to 13, min to 25
On FXDD I set the hour to 15, min to 25
I keep the Tele on Bloomberg - for some reason their announce time is about 30sec ahead of - maybe a I have a faster satellite...LOL...

If the number is higher then forecast Dollar will go down (Buy order)
If the number is lower then forecast Euro will go down (sell order)
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  #7  
Old 01-09-2009, 07:41 AM
Pavarotti Pavarotti is offline
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Quote:
Originally Posted by jefe View Post
No key is required.
Make sure magic number doesn't match other chart EA's
The report is due at 8:30am EST
All my EA's order sizes are zero--are off (I still have some open orders)
Attach NFP to EUR/USD M1 chart.
On IBFX I set the Hour to 13, min to 25
On FXDD I set the hour to 15, min to 25
I keep the Tele on Bloomberg - for some reason their announce time is about 30sec ahead of - maybe a I have a faster satellite...LOL...

If the number is higher then forecast Dollar will go down (Buy order)
If the number is lower then forecast Euro will go down (sell order)
Have you tested this EA? Are you going to keep the rest of the settings on default?

I think the step1, step2... settings is a bit close to my liking, what happens if there is a spike in the wrong direction?
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  #8  
Old 01-09-2009, 08:18 AM
jefe jefe is offline
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Quote:
Originally Posted by Pavarotti View Post
Have you tested this EA? Are you going to keep the rest of the settings on default?

I think the step1, step2... settings is a bit close to my liking, what happens if there is a spike in the wrong direction?
I have tested it, it worked well, once...Last month I got burned bigtime--but I had two EA's running, plus I attached NFP to at least 4 charts---trying to maximize.
I would only run this ea when in front of the computer, the spikes happen very quickly. A trip profit like is built into rev 6 of coders unite EA would make this a virtually no loser (trailing stop)
I plan on locking any profits asap--and not trading any ea's til monday, there has been ALOT of news this week--look at the EUR/USD chart for the week.

The pilot has pending orders in both sell and buy directions only once the course is determined does the correct order trigger. since this only a timed EA you can run this ANYTIME and try it out.

Last edited by jefe; 01-09-2009 at 08:21 AM.
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  #9  
Old 01-09-2009, 08:23 AM
jefe jefe is offline
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Any numbersr 525K jobs lost and EUR will spike up ( some rumor it will be closer to 700K!)
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  #10  
Old 01-09-2009, 08:24 AM
Pavarotti Pavarotti is offline
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Quote:
Originally Posted by jefe View Post
I have tested it, it worked well, once...Last month I got burned bigtime--but I had two EA's running, plus I attached NFP to at least 4 charts---trying to maximize.
I would only run this ea when in front of the computer, the spikes happen very quickly. A trip profit like is built into rev 6 of coders unite EA would make this a virtually no loser (trailing stop)
I plan on locking any profits asap--and not trading any ea's til monday, there has been ALOT of news this week--look at the EUR/USD chart for the week.

The pilot has pending orders in both sell and buy directions only once the course is determined does the correct order trigger. since this only a timed EA you can run this ANYTIME and try it out.
Well good luck to you, I am going to trade this by hand this time round.

Just over 5 min to go and may the gods of pips be with you
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