1. First you must get the data from Economic Calender at : http://www.forexfactory.com/calendar.php
2. Non Farm Payroll (NFP) is released every month, first Friday(Usually)!
3. Match the time with your local time (at time & date options).
Ex: Friday May 2 at 01:30 GMT.
4. Wait until this date. In the X day, 4-8 minutes before the 01:30 GMT,
create 2 Forex orders :
5. If current price is 1.2000 then create 2 orders higher and lower to this price:
(Suitable pairs : GBP/USD, EUR/USD, USD/JPY, USD/CHF)
Buy 1.2020 T/P 1.2060, S/L 1.2000
Sell 1.1980 T/P 1.1940, S/L 1.2000
This is just an example. You may to modification the T/P or S/L with your own risk.
6. Then just wait until 01:30 GMT, and see what happen!!
If one position executed, then cancel the other positon.
Ex. If Buy position executed, cancel the Sell position.
Try with Virtual Trading first, to make sure this strategy is work or not
Happy Trading & Get Great Profits
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