Currency Futures News Straddle?

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Have anyone tried this on IB platform during NFP?

Just before news release, place both buy & sell stop order 10 pips above & below current value with 10pips trailing stop on GBP/USD currency futures (NOT spot fx).

Are stop orders more likely to be filled on currency futures than spot fx?
 
I was just wondering what broker you're using to get within 10 pips on a stop order at news times, I can't get within 20-25! (with a stop 20 away from that)
 
Quote from sebs12:
I was just wondering what broker you're using to get within 10 pips on a stop order at news times, I can't get within 20-25! (with a stop 20 away from that)
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ok, not pips, points, CME currency futures not spot fx, IB, MFglobal,saxo, any broker that offers futures
 
Anyone successfully doing news straddles on currency or index futures? How are the fills (entry, exits and stops)?
 
it works 80% of the time but not with IB......i used to put an entry stop buy 10 pips above the ask and entry stop sell 10 pips below the bid...all this orders had a trailling stop attached .....this was all set 20 seconds before 8.30 am for NFP and other news
CPI...GDP....

the problem sometimes i would get bad fills 1 in 10 not bad ods....."entry stops" turns into a market order when price is reached ....also you need cold blood special when you are using real money ex: i used to put 50% of my account using this system.....and for last you need to be free and remember when and what time the news will be out....

my best trade was around 1500$ in less 3 minutes on NFA
 
I've done this successfully on FX Spot using my Ninjatrader interface SuperDOM. Place the positions around 5 pips away on either side about 10 secs before the news event. Its dependent on the news event of course because some are subject to insider trading.
 
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