DislikedThis wont work on a live account using real money for the following reasons.
1. Brokers analyse how many buy/sell orders are coming in for each currency and will adjust their spreads accordingly at different times. This means you cant just say put the orders in 10mins, 20mins, 30mins before scheduled fundamental news etc. Some brokers on NFP day will widen their spreads 45mins before its due out. This means you placing the orders 1 hour and 15mins before which can cause havoc with orders being triggered to early based on the pipsawayvalue....Ignored
I have been trading like this a while now, just placing the orders manually.
made a buy stop on usd/jpy about 10 sec before NFP on friday and took home 20 pips.
but it is easyer with an EA as the timing is so crusial.