Automatic News Trader EA FREE Download Automatic News Trader EA FREE Download
This Forex News Trading EA is an automated news trading EA that can be downloaded for free. It is not based on any indicator; it simply trades using high-impact news. The technique of trading Forex news is simple. After major news is released, market prices will fluctuate, for better or worse, depending on the announcement.
Within minutes of a planned economic announcement, a currency pair can instantly rise or fall a hundred points. Studies have proven that news announcements can cause currencies to rise or fall by 20 to 300 points in a matter of minutes. The best thing is that the date and time of the press release are announced well in advance.
The automated news trader places orders in both directions, allowing you to profit from market momentum if news has a significant impact on forex rates. News is automatically downloaded from reputable online sites like ForexFactory and then filtered based on your needs and preferences. You can view and trade all news or only news related to the current currency pair on the chart. In addition, there are several other filters, such as the impact of the news on the market, whether the forecast results of the upcoming report should be different from the previous report (an indicator of large expected price changes), etc.
It does not use dangerous trading methods such as martingale, grid , head, etc. It can trade using fixed lot sizes, or it can use automatic lots and automatically increase the trade size based on specified criteria. This EA has a low maximum withdrawal percentage, thus allowing small deposits to be made using this advisor.
Please test in a demo account for at least a week first. Also, please familiarize yourself and understand how this Forex News Trader Robot style=”color: #cf2e2e;” class=”ugb-highlight">works and then use it only on a real account.
Recommendations for this Forex News Trading EA
- The minimum account balance is 100$.
- Work best on GBP/USD, AUD/USD, USDJPY and EURUSD . (Applies to any pair)
- Do the same for all TimeFrames.
- Automated News Trader EAs must be online when news is released for optimal performance. Recommended VPS (Reliable and Trustworthy Forex VPS – FXVM)
- Low Spread ECN accounts are also recommended ( find the best broker for you here )
- Name_EA: EA transaction name and version number
- Serial_Number: Ignore this notification and the "key valid" notification.
- Magic: The unique random magic number allows News Trader EA to distinguish its open trading positions from positions entered by other robots or completed manually. Any number is acceptable as long as it is different from the number used by any other robot running on this MetaTrader platform. We recommend that you change this number to any other number to help hide your bot's identity from your broker-dealer. The magic of all currency pairs must change!
- AutoGMT: Automatically sets GMT based on your broker. (default=true)
- GMTOffset: Manually set GMT according to your broker.
- SetPendingSecondsBeforeNews: Set the number of seconds before pending news (default setting: 60)
- Pending distance price: Pending distance from market price (default: 10)
- Untriggered pending after deleting news: Number of seconds after deleting untriggered pending after news (default: 60)
- FixedLots: Fixed lot size. (True/False option) (Default=False)
- LotSize: The size of the first open lot. (Default setting: 0.01)
- RiskPercentage: Account-based risk per trade as a percentage of your account. (Default setting: 1%)
- TakeProfit: Profit per order (in pips) (default = 100)
- StopLoss: Stop loss (in pips) for each order (default = 15)
- MoveToBreakEven: The distance (in points) when moving SL to BE. (Default setting: 1)
- TrailingStop: The distance in points required to keep the stop loss behind the current price. (Default setting: 5)
- Trailing Stop Trigger: The distance (in points) at which the trailing process begins. (Default setting: 5)
- MaxSpread: Maximum allowed spread. (Default setting: 5)
- Slippage: The maximum difference between the order granted to the broker and the transaction price. (Default setting: 5)
- CalendarSource: Select two calendar sources 1 or 2 (after selecting calendar source 1 or 2, be sure to restart MetaTrader 4 and verify the accuracy of the time news on the www website: http://www.forexfactory.com/calendar.php) –
- Note: You must have a local VPS/PC with the same time as the www site: http://www.forexfactory.com/timezone.php
- _CalendarSource: 1=BinarySweetSpotNews or 2=ForexFactoryNews
- Currency always included: EUR, USD (currency always included)
- HighImpact: true (default = true)
- MediumImpact: false (default = false)
- LowImpact: false (default = false)
- IncludeSpeaks: true (default = true)
- Alert seconds before news release: Alert seconds before news release (default: 300)
- SoundAlert: false (default=false)
- SoundFile: Alert2.wav (default: alert2.wav)
- PopupAlert: false (default = false)
- EmailAlert: false (default = false)
- PhoneAlert: false (default = false)
Click here to download News Trading EA
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ForexCracked.comAutomatic-News-Trader-EA.zip
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