Quote:
Originally Posted by anskaven
Can I use the NFP on other types of news in other countries using their currency?
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You can use it on any news event, but I am weary of using this robot. Often news spike a lot in both directions before settling for a run and both entries gets triggered and stop losses gets taken out and you sit with a total loss.
I learned the hard way and I am not alone - I have better success in using my own judgment on fundemental events
Take into consideration that not all news event is equal and may sometimes only move 20-30 pips before it retraces and takes out the stop on your triggered trade.
NFP cannot compensate for volume or movement in the market or what you see on you monitor