Trap News - MetaTrader 4 Scripts | Trading Script Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
For 4 digit brokers, use this script 2 minutes before high impact news points move faster FOMC, NFP, Rate Bank or others
It places buy stop orders and sell stop orders.
Just click on it or set key right click script and set it to ctrl+1 and you are ready to follow big impact news.
There is a stop loss if the market changes direction and there is a target.
Only for red news only.
If the buy stop and sell stop are not hit within 3 minutes after the news, the market is not moving faster, remove the position buy stop and sell stop and wait for another news.
Attachment download
📎 trap_news.mq4 (2.56 KB)
Source: MQL5 #12204
Trap News - MetaTrader 4 Script | Trading Script Download - MT4/MT5 Resource Usage and Screening Suggestions
Trap News - MetaTrader 4 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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