Important: Filtering Major News Events
Hello everyone, I hope you’re doing well. I wanted to share a quick update on how we’re approaching news events at the moment. Market conditions have been very challenging recently, with volatility around news events making things especially difficult for most strategies. Because of this, we’re putting a stronger emphasis on avoiding trades during major news releases. This is something we’ve done for a while, but we’ve seen an even clearer pattern recently where trades open during major events have a higher chance of unnecessary losses. To manage this risk, whenever there’s a major news event (one marked in red on the forex calendar 👉 https://www.forexfactory.com/calendar), the system for that currency pair will be turned off for the day. If you’d prefer to take the trade anyway, you’re absolutely welcome to do so, the Automation Backtester 2.0 will still provide the signals and you can follow them manually. But if you notice that a trade hasn’t been taken, this may be why. For example, today there was a gold setup that wasn’t taken due to news, and afterwards the move hit stop loss. In contrast, we also had a Pound/Swiss setup where the first entry was skipped, but later a pullback allowed the system to enter successfully. In addition to automation, you can also use the manual tools if you see a good setup. They can be a helpful way to diversify results, and generally the more diversified your approach is, the better. Our team is also working & finalizing new setups, including in different markets, to further expand these options over time. Our priority remains strong risk management, and filtering out major news events is part of that. You always have the option to trade manually if you’d like, but this approach helps us protect capital during unpredictable conditions. As always, if you have any questions or would like help adjusting your system or risk, our support team is here for you. For faster replies, you can use the help desk here: https://tradealgorithm.co.uk/support