Professional MT4 custom trading solutions - MetaTrader programming services
Professional MT4 custom trading solutions - MetaTrader programming services
NewsTrader is a Metatrader 4 expert advisor that allows you to automatically trade the news that matter in Forex, regardless of the outcome of the release. The robot places pending orders in both directions so that if the news has a signifcant impact on the Forex rates, you are set and ready to cash in on the market momentum.
The news are automatically downloaded from reputable online places such as ForexFactory or DailyFX and then screened according to your needs and preferences. You can choose whether you want to see and trade all the news, or just the ones related to the current pair on the chart. Moreover, there are several other filters, such as the impact the news is considered to have on the markets, whether or not the forecast outcome of the reports to be released should be different from the previous report (an indicator of a larger price movement expectancy), and others.
Just a quick peak at the capabilities of MT4 News Trading Robot!
Check out this 3-minute demo of our reliable, easy-to-use MT4 News Trader!
Tweak the News Trading EA till you get the results you're looking for!
Only get news relevant to the 2 currencies that make up the current pair on the chart (i.e. GBP or USD news on a GBPUSD chart). Set this to false and you'll get news for ALL currencies.
Aside for the current pair of currencies, there may be some that you always want to include, such as EUR, though you have the calendar attached on a USDJPY chart and have "Only For Current Pair" set to true. Separate multiple currencies using a comma.
True/False - Whether or not to include High impact news, as labeled on the DailyFx or FF news calendar itself.
True/False - Whether or not to include Medium impact news, as labeled on the DailyFx or FF news calendar itself.
True/False - Whether or not to include Low impact news, as labeled on the DailyFx or FF news calendar itself.
True/False - Whether or not to include speak events (i.e. "MPC Member Forbes Speaks").
How many seconds before the news the EA to place pending orders in both directions, at a certain distance from current price.
Number of pips between the current market price (Bid or Ask) and the pending orders.
True/False - Whether or not to update the levels of the pending orders until the news are released, in order to keep them at a fixed distance from the market price.
True/False - Some consider that the news are only worth trading if the Forecast value is different than the Previous report value.
If the price does not quickly break either up or down, you may want to remove the pending orders after a few minutes.
True/False - When the BUY trade is activated on the upside, the SELL pending on the downside will be cancelled if this is set to True (Vice-versa if SELL is first activated).
True/False - Whether or not to use a fixed volume for the pending orders.
The size of the fixed volume for your pending orders. We're only interested in this value if "Fixed Lot-size" is set to True
The equity percentage that will be lost for a trade that goes against the desired direction - the volume will be calculated according to this parameter. We're only interested in this value if "Fixed Lot-size" is set to True
Take Profit pips for the orders opened by the EA - a pip is considered to be the 4th decimal for non-JPY pairs, the 2nd for JPY pairs.
Stop Loss pips for the orders opened by the EA - a pip is considered to be the 4th decimal for non-JPY pairs, the 2nd for JPY pairs.
Max deviation allowed for the position filling/liquidating operations. Keep in mind that since this is about trading the news, you may have to deal with high slippage at times.
Unique identifier for the trades opened by this specific EA. You might want to set a different number than the ones you use for other EAs on the same MT4 platform, if this is the case.
How many seconds before the news are released you want to be notified.
True/False - Whether or not to hear a sound of your choice before the news are released.
True/False - Select a different sound. You can put any mp3 file you want in the Sounds folder if you don't like any of the default ones.
True/False - Whether or not to display the lines and the news title on the chart, above/below the candles.
True/False - Whether or not to display the table dashboard on the top left corner of the chart.
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