Forex News Trading: Trade for Tuesday, April 23, 2019

9:30 PM EDT
AUD CPI q/q
AUD/USD

In July we saw a deviation of -.1 and 0 with a 12 pip spike. The deviation was very small and the spike was small, retracing way past where it started within 30 seconds or so.

In October we saw -.1 and 0 with an 8 pip spike. Very little movement on the small deviation.

In January we saw .1 and 0 with a 20 pip spike. It pushed up 20 pretty hard, held within a couple pips for a few seconds, pushed up a little more then fell back half way in the first minute. It held that area for 5 minutes before pushing back up again.

We need to see at least .2 or preferably .3 in deviation to get a decent move. That hasn’t happened in awhile but this release is prone to good deviations occasionally. The AUD/USD has been moving sideways so there is no preference as to direction.

Also I’ve noticed that sometimes the spike on AUD releases occurs before the orders go in. Traditionally the EA sets the orders to go in just before 2 seconds AFTER the release time on AUD data, and for years that was accurate, but now sometimes the data comes out sooner than that.

There are a couple ways to do this. The easiest is to set the country to 2 (UK) or 4 (CAD). Just by doing that the order entry time will change to have them in at exactly the posted time (since with those countries the releases always come out exactly on time). The other way is to set overRidePreNewsDefault to “y” and leave preNewsSec set to 0.

SETTINGS: Set country to 2 (not 3) and buy/sellPips to 25. Get out if you are not live within 4 or 5 seconds of the posted time.

About Barry Battista

I am a software guy that started trading in 2006. I have been trading the news for a living ever since. Eventually I wrote some code to help a friend and I improve our odds, and gradually the software took on a life of its own. My intention is to adapt this trading style to the ever changing Forex markets to always provide the trader with the tools and information to give them the maximum odds of a profitable trade.
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