ForexFactory News Forcast

[speedsk8r]

so... in manual backtesting a news strategy on currency pairs shown with news releases happening at the same time or within 30m of each other on the forexfactory calendar, Ive noticed that pending order blocks almost always follow the forecasted strength/weakness for directional bias and NOT the actual due to expectation by retail traders. In well over 50 trades now I haven't had one loser. I'll be testing out to 150 or so but plan to make a bot that does a partial exit every 10pip in profit OR loss relying mostly on the forecasted directional bias. A partially automated strategy to limit losses in the case of a range market when I expected it to push on a news event. A super simple idea that relies on manual price input for entry and uses automation to exit.

[l'andorrà]

Sounds like an interesting idea. Please share your results here.