When NOT to trade with Expert Advisors!

Knowing when not to trade is as important as knowing what EA:s you should use and what to settings to use. In general, during high impact news, markets tend to be very volatile and unpredictable. This is when Expert Advisors tend to lose a lot of money. Avoiding to trade during these periods can help you to significantly improve your trading performance.
So, when should trading be avoided? I would like to highlight two particular reoccurring news events, the release of the US unemployment statistics (NFP) and the presentation of results from the Federal Open Market Committee (FOMC).

Non-Farm Payroll (NFP)

If there is an economic indicator that has a direct and powerful impact on the U.S. dollar so it is Non-Submitted Payroll, the U.S. unemployment figures. This important piece of the puzzle and try to analyze appreciated by the world’s economists. News services such as Bloomberg news then collect these estimates, which are “market expectations”. Is it so that the actual figures differ substantially from the expected result, we significantly changed the world currency pair, as many investors acting on economists’ estimates.

What is NFP? Each month brings together U.S. Department of Labor data from 160 000 private employers and governmental organizations. These 160 000 employers equivalent to approximately 400 000 unique sites. Data excludes individuals who work in government, private households, non-profit organization and farmers, producing a total of individuals included in the NAP 80% of U.S. GDP.

NFP is usually presented at 8:30 a.m. EST on the first Friday of every month. It’s a good idea to shut off your Expert Advisors the day before and on the NFP day since markets tend to be very unpredictable.


The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. It is responsible for formulation of a monetary policy designed to promote economic growth, full employment, stable prices, and a sustainable pattern of international trade and payments. The FOMC in its current form was created by the Banking Act of 1935. The FOMC sets monetary policy by specifying the short-term objective for open market operations–purchases and sales of U.S. government and federal agency securities. Open market operations, the principal tool of monetary policy, affect the provision of reserves to depository institutions and, in turn, the cost and availability of money and credit in the U.S. economy. Currently, the objective is a target level for the federal funds rate (the rate that depository institutions charge on overnight sales of immediately available funds among themselves).
The release of the FOMC meeting statements is one of the strongest market movers. It is highly recommended not to trade a couple of days before and after these events.

So to conclude, avoid trading during these days and also shut off your expert advisors on the first Friday of every month, and the day before.

These suggestions will not make you rich alone, but if you incorporate them in your current automated trading strategy, you should see a nice improvement in profitability over time.

I prefer to trade through Robots. As Business is all about making profits and increasing income. However, every trader needs to adopt a suitable strategy to earn profits. In my opinion, Forex trading can be counted as one of the most volatile businesses. You can lose millions in seconds if a profitable deal is rejected or an unprofitable one is accepted. In the initial stages, Forex trading proves to be quite painful. However, traders learn the right techniques with the passage of time and minimize their losses as well.
Have you heard about Forex robots? How can that help you in relation to doing profitable Forex trading? A lot of people have lost massive finances because they have not taken the right decisions. Humans have a thinking capacity and at times we cannot take the right decisions. However, robots are not like humans and they do not get tired. They take decisions according to the given instructions. This is the reason because of which the concept of Forex robots has attained a lot of success. Let’s glance at a bit of explanation
The first advantage of these robots is error free decision making. They take decisions according to the instructions given to them. As I mentioned before, robots do not tired or frustrated in any manner. Thus, there are no chances of getting emotional or taking the wrong decision due to frustration.
The second advantage is reduction of stress. Making profits using the Forex trading option is not very easy; the market has to be monitored continuously. Even a slight wrong move can create major complications. In addition to that, you don’t have to sit for hours and watch each and every market move. Instead, your robot can accomplish the same tasks for you.
The programming of Forex robots is highly important. All their decisions are dependent on the instructions given to them. Thus, you need to analyze your conditions and program the robots accordingly.
It is obvious that humans work for a fixed number of hours. However, robots do not have any such constraint. They can work for unlimited hours without getting tired. In addition to that, the Forex trading market does not operate for a limited number of hours like any other organization. You can trade online at all hours from all locations. This is when these robots seem extremely advantageous. They can even trade for you when you are unable to accomplish the trading tasks.

True - Robots are the best when you want to get rid of your own concerns. Plus they simply can work while you sleep :slight_smile: