Because of the 4th of July, scalpers may not trade today as it is a Holiday in the US.
We have two filters to monitor volatility external to the Forex market: The News Filter and the VIX filter. They are both completely automated and are meant to protect our accounts of unpredictable market conditions and the potential losses that trading at such time could produce.
- The News Filter halts new trades for a period of time before and after news reports. The length of time varies with the importance of the news and the pair and strategy, whether scalping or breakout strategies.
- The VIX Volatility Filter pauses trading in pairs that are likely to have abnormal volatility due to market conditions. It can be triggered by News, or abnormal price action in Stock or Commodities markets that affect the trading pair.
http://smartfxtechnology.com/information/smart-fx-filters/
No Trade Days are those best skipped, because markets are too thin and vulnerable to manipulations.
Stopping the trading is done for our protection.
Fridays there is no scalping to avoid leaving open positions thru the weekend.
After the weekend we go back to normal once the spreads have normalized after the weekend gap.
Regards
Steven
Smart FX Technology
Customer Service