I have been testing Henry Liu's Currency News Trading (CNT) EA with both a demo account on MT4 and a live account with IG index on their own platform. The CNT EA has its benefits and can be tweaked, but slippage on the live platform where straddles have to be placed manually is a problem that I am seeking to overcome by placing trades prior to the news release. This means reading, and sometimes trading, the pre-news sentiment for predicting the direction of the news spike. I have recently retired and now have the time to pursue and develop this trading system, not as an EA but as a system that integrates intuition, speedy reactions and sound price action signals. As a newbie I am hoping to also learn how to make best use of the excellent facilities provided by our hosts here at Forex Factory. So, if I make mistakes in the use of the forums then please forgive my naivete. I will be explaining my strategy in detail in good time. Meanwhile results can be seen on forthcoming charts on actual trades. It may be helpful to study news trading principles in the School of Pipsology.
Tellboy