I have this idea to bank on important news events. It’s tricky and could end up in losses, but not high (up to 15 pips). I’m still don’t feel confident to test live. Will try to find time to do it on demo.
Just before big news events, if the chosen pair is not volatile, open a long and short position at once, with some 5 pips stop loss levels (or more, depending on the current volatility), and 20 or more pips take profit levels for both trades. When the news is in, the market will spike, in one or the other direction. Each direction means a loss of 5 pips + commision, while you should gain, hopefully, more than 10 pips in profit. It’s tricky if the spike is not high enough and moves too fast, making is possible to stop loss your both trades before reaching take profit level on any of the side.
What do you think?
