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The automatic Expert Advisor is designed for trading on the news.

News downloads from the Forex Factory website

For the Expert Advisor to work, you need to add the URL to the terminal settings.

The Expert Advisor is installed on each currency chart. In the Symbol News field, you need to set the currency symbol to search for news in the calendar. Example:
if you install the Expert Advisor on the AUDUSD chart, set Symbol News-AUD, if USDCAD Symbol News-CAD, XAUUSD Symbol News-USD, and so
on. On each chart, we change the magic number, any timeframe.

The Expert Advisor works with pending orders, sets two Buy stop and Sell stop orders before the news is released, or sets
the stop loss and take profit levels hidden from the broker.

There is a function for trading news from the list with pending orders. To do this, you need to add the desired news for trading in the
calendar to the settings and add it to the Expert Advisor settings.

On each new chart, you need to change the magic number.

The EA works only on hedging account types.

  • Type Trade – type of trade (trade news from the calendar or from the list entered manually)
  • Symbol News – the symbol of the news
  • Distance to orders – distance to place orders and levels
  • Hide Take Profit setting-hide the take profit setting
  • Hide the Stop Loss setting is to hide your stop loss
  • Take Profit – take profit
  • Stop Loss – stop loss
  • Type of initial lots-use a fixed lot or a percentage of free margin
  • Fixed lot – a fixed lot that will be used in trading
  • Using margin, % – select the percentage of free margin in the trade
  • Profit transfer stop to breakeven-activation of breakeven
  • Step breakeven – breakeven step
  • The trailing stop – the value of the trailing stop
  • Step trailing stop – the trailing step
  • The maximum spread – the maximum spread for opening an order
  • Slippage – maximum slippage. If the slippage is greater than set, the orders will be deleted
  • Interval modify orders-the movement of orders for the price after a certain period of time is configured in seconds
    (0-off)
  • Stop modify orders of, s-stop modifying orders before the news
  • Align the order of, s – placing stop orders before the news release in seconds
  • Remove pending orders through min-delete orders if none were triggered after the specified time
  • Max Drawdown – the maximum drawdown in %
  • Magic Number – Magic
  • Comment – comment on orders
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Doubling the opposite order

  • Doubling the lot of the opposite pending order-doubling the lot of the opposite pending order (when one of the
    the opposite order will be placed with a doubled lot).
  • Number of doubling (1-3) – number of doubling orders
  • Distance – the distance of the order
  • Deleting pending orders, sec. – destruction of matching orders

Limit orders before the news

  • Use setting limit orders to the news – use limit orders before the news (on/off)
  • Distance – distance
  • Stop Loss – stop loss
  • Lot – lot
  • Trailing stop – the amount of trailing
  • Step trailing stop – the trailing step
  • Remove limit orders through sec. – remove limit orders

Time Settings

  • Use auto set GMTOffset-determine the time of the MetaTrader 4 server automatically or manually
  • GMTOffset Server – time of the MetaTrader 4 server

Calendar Settings

  • Selecting calendar – selecting a calendar
  • Trading High News – trade high-importance news
  • Trading Medium News – trade news of medium importance
  • Trading Low News – trade news of low importance
  • Show High News – display high-importance news on the chart
  • Show Medium News – display news of medium importance on the chart
  • Show Low News – display low-importance news on the chart
  • Show markers news – display news markers
  • Use Alert News-a signal about the upcoming news
  • Time before Alert News – time of the signal before the news

Time-based testing

  • Time test news 1 – time of the test news
  • Time test news 2 – time test news

    Our Useful Features & Services

    Published

    30 June 2016

    Updated

    16 November 2019

    Current Version

    1.8

    Reviews

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    Paulo Possobon February 28, 2021 5:57 pm
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    Up to now so good. Looks like a professional with good potential. Comments: 1- Don’t know why, however i couldn’t run solitary test evaluation, candle by candlestick (so that you can enhance settings). 2- Trying to comprehend a couple of variables which I have no idea the direction they operate (probably these worries can be fixed by single work analyze). 🙂