NewsTradingEA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources

New version: 1.2! ! ! (Years later...)

Manual trading to capture news events is not recommended as you cannot handle emotions. It's impossible to open a position in a market with wild price fluctuations without involving emotions, let alone watching prices run like a roller coaster, which is why you really need an EA to handle such situations. Set up the EA (better on a VPS), don't watch it run on a given news event and then check the results later. I created this EA for educational purposes only and is not suitable for new or non-professional traders. The user must do some intensive testing using the "Strategy Tester" to satisfy user needs and confirm that the EA is suitable for you.

Only test this EA using a demo account or small volumes and small leverage (on a real account), I warn you that this EA is not suitable for most users. During our testing, this EA worked well on the strategy tester, but requires many adjustments to work on a real account, so think twice before using it on a real account, you are warned! Forex brokers know that many traders try to catch big money on news events so they will set up their systems to take advantage of this. Unless you are using an ECN/NDD or similar account, using this EA on certain news events will work against you as the broker may pull some tricks against you.

The EA will set Buy Stop and Sell Stop (pending orders) on the next opening candle, and then delete a pending order after an Open Buy or Sell occurs (OCO).
This EA will track the candle movement of each price movement, capture the candle movement by setting BUY STOP and SELL STOP. Use a small time range of 1M-5M for this EA.
Users can set EA options, each option has a clear explanation, please read carefully before use Distance: Buy/Sell Stop Loss is the spread from the current opening price Expires: If the buy/sell event is not triggered, it expires a few minutes after the opening Buy/Sell Stop Loss
The EA runs according to the server time, so the user must calculate the time difference from your local time or local time http://www.forexfactory.com/calendar.php Event times are usually set to match your local time.

Use this EA as usual, there are no guarantees. Anyway, good luck!

Watch the action: http://youtu.be/gMG12RsMKmo

Attachment download

📎 newstradingea.mq4 (16.9 KB)

Source: MQL5 #10999