Hi Guys,
I have been trading for almost 10 years. Basically trading my own EAs, and some manual trading.
I am going to share with you one of my systems. It only takes 5 minutes per month, and the rules are very simple:
- Pair: Eur/Usd
- On the day of NFP release (Friday) , wait 15minutes before the end of the day. If the current price is higher than the open price of the day then place a SELL ORDER. If the current price is lower then the open price of the day then place a BUY ORDER.
- If the open price and close price of Friday are very close, like 5 pisps away or something like that, then dont take the trade, is pretty obvious that the market hasnt made any decision of where to go. So in that case is better to stay out.
- Stop Loss is 50 pips.
- Close the trade next week at the end of the trading day on Tuesday (In my case it is 21:00GMT).
- Account size: US$ 1,000
- Lot size: 0.2 lot (Yes, you will be risking between 10% of the account per trade, but is only ONE trade per month. Its THE TRADE). You can trade more conservative or more aggresive up to 20% per trade , but I recomend 0.2 lot per every US$ 1,000. If you want you can start trading 0.02 in a US$ 100 account.
I have been trading for almost 10 years. Basically trading my own EAs, and some manual trading.
I am going to share with you one of my systems. It only takes 5 minutes per month, and the rules are very simple:
- Pair: Eur/Usd
- On the day of NFP release (Friday) , wait 15minutes before the end of the day. If the current price is higher than the open price of the day then place a SELL ORDER. If the current price is lower then the open price of the day then place a BUY ORDER.
- If the open price and close price of Friday are very close, like 5 pisps away or something like that, then dont take the trade, is pretty obvious that the market hasnt made any decision of where to go. So in that case is better to stay out.
- Stop Loss is 50 pips.
- Close the trade next week at the end of the trading day on Tuesday (In my case it is 21:00GMT).
- Account size: US$ 1,000
- Lot size: 0.2 lot (Yes, you will be risking between 10% of the account per trade, but is only ONE trade per month. Its THE TRADE). You can trade more conservative or more aggresive up to 20% per trade , but I recomend 0.2 lot per every US$ 1,000. If you want you can start trading 0.02 in a US$ 100 account.