The U.S. non-agricultural data is enough for ID Shares The U.S. Department of Labor’s detailed survey of American households and businesses involves more than 60,000 American households, more than 400,000 companies and government departments. The complexity of the survey project is amazing. The survey covered a total of more than 40 million people, accounting for almost half of the US non-farm employment population. Therefore, many data collection measures ensure the authority and authenticity of the data.

The release time of non-agricultural data is generally at 8:30 pm Beijing time (summertime: April-October) or 9:30 (winter time: November-March) on the first Friday of each month.

As important economic data is released every month, the non-agricultural data truly reflects the latest employment situation in the United States, directly showing the economic performance of the United States, and is an important indicator to observe the social, economic and financial development. So this data has an important impact directly on the dollar:

Actual value > expected value == positive for the dollar (correspondingly, negative for gold)

However, the non-agricultural data is divided into actual value, expected value and the previous value. The relationship between these three will affect the change of the dollar to varying degrees, thereby affecting the market price of gold. The changes in these data can be summarized as:

When the number of new jobs increases, it is bullish for the dollar, bearish for gold

When the number of new jobs is reduced, it is bearish for the dollar, bullish for gold

According to Mr. Liu Tangxin’s non-agricultural data analysis gold method, the following rules can guide the short-term operation of gold:

1. Announced value> expected value> previous value, significantly negative for gold
2. Announced value > Expected value & Announced value < Previous value, slightly negative for gold
3. Announced value> previous value> expected value, unexpectedly strong non-agricultural data, strong negative gold
4. Announced value < expected value < previous value, bullish gold significantly
5. Announced value < expected value & announced value> previous value, slightly bullish gold
6. Announced value < previous value < expected value, non-agricultural data unexpectedly weak, bullish gold

According to the above gold analysis method, you can try to use the 5-minute candlestick chart before the release of the non-agricultural data. Of course, there are no absolutes in the world, and it is impossible to have a 100% successful trading strategy, as long as you set a stop loss!

As for how to view the released non-agricultural data, it is recommended that you go to the following websites:

https://investing.com/economic-calendar/

This website can also easily set reminders. In addition to the non-agricultural data, there is also a small non-agricultural data (ADP) that can also be viewed on this website. The small non-agricultural transactions are basically the same as the large non-agricultural data, which can be said to be a preview. It is usually announced 2 days before the big non-agricultural!

The Chinese version: https://www.winsoninvest.com/non-farm-payrolls-for-gold

<p>The post The impact of non-farm payrolls on gold first appeared on Coder Blog.</p>

There are many tools for risk/reward control for forex with MT4/5, but if you are using the cTrader (one of the great trading tools), I think you can try the “Risk and Reward Management cBot” !

The cTrader “RR Management” is a cBot developed by C#, it is a powerful tool that will help you control the risk and reward, you can easy to drag the stop and take profit line to set your values.

You can follow the below steps for Install and use it:

1. Download from here
2. Open it in cBot menu in cTrader

You will find there are many parameters for that tool

The parameter’s sections:

1) Panel alignment: Set the panel position and alignment

2) Style Settings: Set the SL/TP line style and color

3) RR Management: Set the default value for risk and reward values, this is the core function values, I will describe later

4) Auto Take Profit 1,2,3: It can set the auto take profit conditions here, it supports 3 conditions item

5) Auto Set Break Even: It can auto take break-even with these settings

3. Usage

Run the cBot and you will find the below screen panel:

There are many values and buttons in the panel:

1) Buy button: Define this is the buy order

2) Sell button: Define this is the sell order

3) Buy Stop button: Define this is the buy stop order

4) Sell Stop button: Define this is the sell stop order

5) Buy Limit button: Define this is the buy limit order

6) Sell Limit button: Define this is the sell limit order

7) Expiry (UTC): Input the expiry date time for buy/sell stop and limit order, but if you want to use it, please don’t forget to click the checkbox in front of the expiry label

8) Volumes: Set the volumes want to be used in this order, when changing the value of the volumes, it needs to click the update icon, and it will auto calculate the risk amount value

9) Stop Loss: Set the stop loss value, you also can drag the stop loss line (default is the green one), it will auto calculate the volumes and risk/reward rate. If you want to update the value by manual, just don’t forget to click the update icon (it will change to green when the value has been changed)

10) Take Profit: Set the take profit value, you can also drag the take profit line (default is the red one), it will auto calculate the risk/reward rate. If you want to update the value by manual, just don’t forget to click the update icon (it will change to green when the value has been changed)

11) Risk/Reward Rate: Set the risk and reward rate value. For example, if you set this value to 2, and the risk amount is $100, then that’s mean you will use $100 for stop loss and you will get $200 if you win. Also, please don’t forget to click the update icon if you want to change this value in the input field by manual. And after changing this value, it will auto calculate the take profit value.

12) Risk Amount: Set how much amount do you want to use in this order. For example, if you set the amount to $100, then you will lose $100 if the price hits your stop loss value. You also can use the percentage for that if you checked the “Use Percentage” checkbox, it will calculate the percentage amount based on the balance, so it will calculate the volumes when changing this value.

13) Has Trailing Stop: This is the checkbox value, if checked, the cTrade will change the stop loss when the price moves in your favor, that’s mean you don’t need to handle it, the system will auto calculate the best benefits for you to change the stop loss value.

14) Comments: You can input some comments to identify this order. If you leave it, the tool will auto set the value base on the current time frame and risk reward for description

15) Create Order button: After setting all the values, you can click this button to create your order.

4. Auto Take Profit

This is a great function that can help you to auto take profit!

There are 3 conditions and 1 break even can be use:

1) Take Profit 1-3: You need to click the checkbox to enable each item

The first input is how much profit do you want to take, it support percent (ends with %) and fix value

The second input is the take profit value, this is a fix value, you can set how to take profit with this value:

a) If checked “Percent of Total TP”, it will be the percent of total profit. For example, set first value to 50% and second to 60 with this checked, it will auto take 50% profit when the order has won 60% profit

b) If checked “Price”, it will be the fix price value to take profit, and it will auto get current price when click the checkbox. For example, set the fist value to 50% and second to 113.727 (current price for USD/JPY) with this checked, it will auto take 50% profit when the price hit 113.727

2) Set Break Even: Set when will be do the break even. For example, if set the value to 50 and checked “Percent of Total TP”, then it will auto do break even when the order has won 50% profit. If checked the “Price” then it will auto do break even when hit the price value.

3) Label of order for take profit: It must be set which order for use the auto takeprofit, this is an identification for order. For example, you can find the order label as below, and put into this field. But if you create the order by this tool, it will auto set the order label here

This is a very useful tool for risk and reward management, it can also help to do the money management!

<p>The post Use the risk and reward tool to trade the Forex first appeared on Coder Blog.</p>

When it comes to capital management, we need to talk about the risk and reward ratio. Only by doing a good job in the profit and loss ratio can it be possible to make long-term profits. What is the profit and loss ratio? As the name implies, it is the ratio of profit and loss. Before you make a trade, you should consider how much you can profit and how much you will lose at most. If you want to set the profit and loss ratio to 1:2, that is, you invest 1,000 yuan, and finally What you earn will be $2000, and if you lose the deal, you will lose $1000 completely.

Since investment trading is a game of probability, as long as your profit-loss ratio is set to be greater than 1:1, after a long-term operation, you will gradually realize that the profit exceeds the loss!

When it comes to profit and loss ratio, we have to talk about stop loss! Because you don’t have a stop loss, there is no way to calculate the profit/loss ratio. This is a relatively obvious experience in the foreign exchange market. Since foreign exchange transactions all use leverage, if you do not set a stop loss and let it play, the final result will be very serious, and you may wake up when you wake up. You will find that all your funds have been emptied and you have to make up the leveraged loan to the agent, which is something no one wants to encounter 😣. Because of this, I was the first to realize the importance of this P/L ratio in the foreign exchange market!😀

Just like in foreign exchange trading, setting a stop loss is crucial when investing in stocks. Companies like Blizzard Entertainment, known for their popular video game franchises, can be volatile in the stock market. Without a stop loss, an unexpected drop in blizzard stocks could result in significant losses for investors. By setting a stop loss, investors can limit their potential losses and calculate their profit/loss ratio, allowing for a more informed investment strategy. It’s important to remember that investing always carries some level of risk, but by using tools like stop-loss orders, investors can mitigate their risk and make more informed investment decisions.

However, for the stock market, this profit-loss ratio may not be so straightforward, because stocks are unlikely to lose all your money (unless you are so unlucky that the company goes bankrupt and no one takes over 🙃), so To achieve the profit-loss ratio in the stock market, it is even more necessary to set the position of the stop loss. If you buy 1,000 shares and the total investment is 50,000 yuan, then you must have a stop-loss position in mind. If you stop loss and leave the market after a 5% drop, you will lose 2,500 yuan, but if the stock rises by 10%, You should also leave the market with a profit immediately. No matter how it rises, it doesn’t matter to you. In this way, you will earn 5,000 yuan, and if you lose 5%, you will win 10%. This achieves the effect of a 1:2 profit-loss ratio.

In order to facilitate the calculation and understanding of the effect of the profit and loss ratio, the following takes foreign exchange as an example. If you buy a target and the expected loss is 50 US dollars, you can earn 100 US dollars if you win. We can try to make statistics. 6 times, there are 6 failures to stop the loss and the total loss is 300 US dollars, the remaining 4 times are successful profits, the total profit is 400 US dollars, and the final total profit is 400-300 = 100 US dollars! how? If you operate with a 1:2 profit-loss ratio, the winning rate is only 40%, but you still make money in the end 😀. This is the importance of capital management!

The Chinese Version: https://www.winsoninvest.com/money-management/

<p>The post About money management first appeared on Coder Blog.</p>