NewsBreaker Expert Advisor Description & USER MANUAL

General information

NewsBreaker EA is trying to trade strong short-term trends during the announcement of important economic news. The EA is supported by an integrated news filter. The economic news calendar of investing.com is used. To open suitable trades the Expert Advisor uses several filters. Taking into account the chart pattern the trades are generated by price actions and are not opened by an indicator. Ideal market conditions for NewsBreaker EA are during the news release from high impact news of the respective currency.

‌A live monitoring of the NewsBreaker EA can you see here:

Recommendations

• Trading Time: Open trades all day during the announcement of relevant news

• Trading Timeframe: M15, M30, H1

• Trading Pairs: EURUSD, other major pairs can be used after optimizing the parameters

• Broker: It is recommended to use an ECN low-spread broker and a suitable VPS Provider

• Trading days: All weekdays with relevant news

• Minimum Deposit: 100 USD, better is 500 USD

• Minimum Leverage: 1:200, better is 1:500

• automatic Risk Setting per 1 pair on 1 MT4 Terminal: 10-30 - low risk setting / 40-60 - middle risk setting / 70-90 - high risk setting

Benefits

• The EA is ideally suited to complement other Expert Advisors by using different MagicNumbers.

• No martingale, no grid, no hedging

• Equity protection by dynamic and hidden Stop Loss and Break Even application. Advantage: losses are limited and possible profits, depending on the strength of the short-term trend, are open upwards.

• Suitable for large and small deposits

Description NewsBreaker input parameters:

== Trading Time Settings ==

• Trading Hour Start = 0 - hour (broker time), in which the EA starts the trading period

• Trading Minute Start = 0 - minute (broker time), in which the EA starts the trading period

• Trading Hour End = 23 - hour (broker time), in which the EA ends the trading period

• Trading Minute End = 59 - minute (broker time), in which the EA ends the trading period

== General Trading Settings ==

• Allowed Spread = 15.0 - maximum allowed spread (in points) to open a trade

• Slippage = 5.0 - maximum allowed slippage (in points) to open a trade

• Use Money Management = false - false means that EA trade with fixed Lot size; true means that EA trade with automatic Lot size via risk setting

• fixed Lot Size = 0.05 - if Use Money Management = false, then trade with fixed Lot size

• Risk = 30.0 - percentage of free equity to trade - Risk 30 means EA trade with 0.03 lot per 100 USD

• free equity, for example: free equity = 900 USD and Risk = 30, Lot size = 0.03 x 900 / 100 = 0.27

• max Lot size = 90.0 - maximum allowed Lot size to open trades

• XSecondPause = 20 - the opening of a new trade (in the same direction) will pause for x seconds
  after closing the last trade

== Filter Settings ==

• Delta Points = 20 - determine additional distance in points above and below the predefined range and thus determine the entry price for buy and sell trades during the outbreaks
  

== Magic Number Settings ==

• Magic Number Buy = 1111 - unique number to identify each trade

• Order Comment - you can set here your trade comment

== Trade Management ==

• TP Value in Points = 1500 - take profit in points

• SL Value in Points = 250 - stop loss in points

• Use Trailing - If true, then option trailing SL is active

• TrailingStartPoints = 200 - start trailing SL, if x points in profit

• TrailingStopPoints = 100 - distance in points trailing SL

• TrailingStepPoints =10 - adjustment steps in points

• Use Vola filter - If true, then volatility filter is active

• Vola filter periode = 6 - vola filter indicator period

• Vola filter timeframe = current - vola filter indicator timeframe

• Vola multiplier = 2.0 - determines the factor, how high the volatility may be, so that trades can be generated (the higher the value is chosen, the stronger the breakout must be to generate trades / the higher the value is chosen, the fewer trades are opened and fewer misses are generated)

== Partial ==

• EnablePartialClose = true - If true, then trading with partial TP levels is possible

• PartialClosePercent = 20 - % Share of the total lot size, which is provided for each level of TP (Example: total lot size 0.05 lot, 5 TP Level, PartialClosePercent 20%, when a new TP level (StepTPPoints) is reached, 0.01 Lots are closed)

• StepTPPoints = 100 - Distance of the TP levels in points; Starting from the entry price, all additional 100 points TP level will be set. Example: StepTPPoints = 100 and TPSteps = 3, then at 100, 200 and 300 points profit TP targets are set.

• TPSteps - Number of the TP level

The following graph is intended to better illustrate the partial close function.

== BreakEven ==

• EnableBreakEven = true - If true, then trading with Break Even Feature is possible

• BreakEvenProfitPoints = 30 - Amount of profit in points with the SL value is set to the entry price

== Trading Day Settings ==

• MondayAM= true - if true, then trading on Monday AM is possible; if false, then will be no trades executed on Monday AM

• MondayAMStartTime = 00:00 - start time trading period Monday AM

• MondayAMEndTime =12:00 - end time trading period Monday AM

• MondayPM = true - if true, then trading on Monday PM is possible; if false, then will be no trades executed on Monday PM

• MondayPMStartTime = 12:00 - start time trading period Monday PM

• MondayPMEndTime = 23:59 - end time trading period Monday PM

The settings for Tuesday, Wednesday and Thursday are identical

• FridayAM = true - if true, then trading on Friday AM is possible; if false, then will be no trades executed on Friday AM

• FridayAMStartTime = 00:00 - start time trading period Friday AM

• FridayAMEndTime = 22:00 - end time trading period Friday AM

• FridayPM = false - if true, then trading on Friday PM is possible; if false, then will be no trades executed on Friday PM

• FridayPMStartTime = 22:00 - start time trading period Friday PM

• FridayPMEndTime = 23:59 - end time trading period Friday PM

== Newsfilter Settings ==

• UseNewsFilter = true - if true, then news filter is active / if false, then the news filter is inactive

• SymbolsToCheck = EUR, USD - news relevant pairs can be set individually

• UseHighImpact = true - if true, then High Impact News will be considered

• HighBeforeMins = 0 - allow the trading from x minutes before the High Impact News

• HighAfterMins = 3 - allow the trading until y minutes after the High Impact News

• UseMediumImpact = false - if false, then Medium Impact News will not be considered

• MediumBeforeMins = 30 - allow the trading from x minutes before the Medium Impact News

• MediumAfterMins = 30- allow the trading until y minutes after the Medium Impact News

• UseLowImpact = false - if false, then Low Impact News will not be considered

• LowBeforeMins = 30 - allow the trading from x minutes before the Low Impact News

• LowAfterMins = 30 - allow the trading until y minutes after the Low Impact News

The following graph illustrate how the economic news calendar of investing.com is inserted into the MT4 terminal.

F. A. Q.

1. Are backtests possible? Answer: Not directly. In the MT4 Strategy Tester no news is taken into account during the test. But when the trading time is changed in the test, it is possible to

test the operation of the EA and its parameter settings. Example: If you test the default setting in the strategy tester of the MT4 terminal, then no good results will arise. Because the news in the backtest are not included. But, many USD High Impact News in the week are released at 15.30 GMT + 3 at default broker (tickmill, ic markets etc). If you change the default trading time from 0.00-23.59 to 15.30-15.33 in the backtest, you can simulate some trades during the news and see how the NewsBreaker EA works.

2. No results in the backtest? Answer: Default value "Allowed Spread" in EA is 15 points. Spread value in MT4 Strategy tester must not be "current". The value must be less than 15 points.

3. EA display „Open D1 Chart“. What should I do? Answer: Ignore D1 Chart alert and do nothing. You do not have to open a D1 chart separately. The EA automatically determines the day of
the week based on the D1 data in the background.

4. Why do some of my trades differ from the trades of the comparison signals? Answer: With Forex Business, there is no uniform pricing for individual currency pairs. This means each broker

generates (slightly) different OHLC charts. Smallest differences in the OHLC charts of the various brokers or various server from same broker can sometimes decide whether trades are triggered or
not. One day once a broker has more trades, another day another broker generates more or less trades. This can vary slightly and is balanced in the long term between the different brokers. Also the
server selection, latency, slippage, VPS ping, order execution time in addition to the various chart patterns decide also on different trades. It should also be noted when the respective spread values
coming back on normal level during the news release. This is also different and decides on different entry points.

5. Is VPS and fast latency really necessary? Answer: VPS is not necessarily important, but advantageous and recommended. This allows a continuous connection of your MT4 terminals with the broker. I use for my NewsBreaker signal an MQL5 VPS with latency lower than 2ms. Please note: In trading during news releases it is highly recommended to use the latency as little as possible. The faster the connection, the better the trading results should be.

6. If I want to optimize NB further. How do I proceed? Answer: A further parameter optimization of the EA is possible. Default setting is so far good, but there are certainly better and for each user individually more suitable settings. With the further optimization, I would start with the trade management, which means with the change of TP-, SL- and delta points values and their effects on the results such as number of trades, drawdown, profit factor, profit or winning trades in%. Furthermore, the parameters can be changed in the break even and the PartialProfitClose function to find more suitable settings. And also you could still vary the XSecondPause feature and the allowed time span to open trades during the news release to get better results.

The operating instructions are extended and supplemented in undefined intervals.

Date: 25.05.2022