News-Volatility Price Action Strategy with 100-Point Reversals

Summary

The document describes an indicator-free Expert Advisor intended for volatile periods after major economic news. It starts in a chosen direction, then reverses and opens the opposite position whenever price moves 100 points against the current trade. The process repeats while price fluctuates, with the premise that the market may eventually settle into a strong direction. The author advises waiting several minutes after a release, and says the approach is unsuitable in quiet markets or periods of low trading volume.

The text reports a large historical account-growth figure for a test spanning 1995 to 2014, but gives no details about instrument, costs, leverage, execution assumptions, drawdowns, or test methodology. It warns that repeated reversals during choppy conditions are dangerous and that the FX market’s behavior changed over the cited period. A trailing stop was added in a later update, but its settings and effect are not provided.

Key ideas

• The EA trades price action without indicators and is aimed at post-news volatility.
• It reverses direction after an adverse move of 100 points.
• Repeated reversals in choppy conditions can create substantial risk.
• The author recommends avoiding low-volume periods and waiting after major news releases.
• The reported historical growth lacks methodology and risk details needed for assessment.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.