ForexNewsTrader Expert Advisor is intended for trading on news only. EA downloads the news calendar from site forexfactory.com.
News appear on the chart in the form of text messages and vertical lines. When the price approaches this line, the adviser places pending orders for purchase and for sale. If the "Modify pending orders" function is enabled, orders will move behind the price (up and down) and stay at the set distance from the price, which will not allow the order to worked ahead of time, before the news releases. If, after the news release, not one of the orders has not worked, all orders are deleted.The EA can place several orders of the same type at once (stop or limit) at the one price.
A set files and a complete guide to the EA ForexNewsTrader can be found in the "Comments" section.
- three strategies for the news trading:
- one pending order to buy and sell;
- grid of pending orders in both directions before news release;
- grid gradually, after the news, a gradual increase in the number of orders in one direction.
- moves pending orders for the price up and down, not allowing orders to worked before news releases;
- setting in seconds placing orders before the news and deleting orders after the news;
- displays the next 6 news on a chart for all currencies or only for its currency pair;
- shows news for the following currencies: USD, EUR, GBP, CAD, NZD, JPY, AUD, CHF, CNY;
- can display on the chart as news for its currency pair and for all currencies;
- automatic update of the file the news calendar every 24 hours;
- a trader can set his own news lines without a calendar, manually;
- select one news item from the news calendar by keyword;
- the ability to use not only stop orders, but also limit orders, can be simultaneously;
- closing orders at a specified percentage of profit/loss;
- to enable and disable the EA on the time;
- when disconnected by time, the adviser can close all orders and stop trading or not touch orders, but only stop trading until the next day;
- universal trailing stop, functionality from the EA UTrailing;
- "hot buttons" for quick commands (Close All, Close Loss, Close Profit, Delete PO, Delete SL);
- sound notification about stop loss modification;
- sound warning for the set time before news release;
- does not use DLL imports;
- it works on accounts with the quotation 4 and 5 decimal places.
Block 1. GENERAL SETTINGS
- Trading is allowed - if false, then the EA will no longer place new orders.
- Magic Number (automatic) - the EA automatically generates a magic number.
- Number pending orders one direction and type - the maximum number of pending orders of the same type and direction, for example: if you select "Stop orders" and set 5, the EA will place 5 BuyStop orders and 5 SellStop orders.
- Pending orders type:
- Stop orders
- Limit orders
- Stop & Limit
- Risk in % - AutoLot calculation
- Stop Loss
- Take Profit
- Long only
- Short only
- Long & Short
- Breakeven - enable breakeven.
- Profit to enable a breakeven
- Breakeven level
- Profit/Loss percent - if true, then the EA will close orders when the specified percentage of profit or loss on the account is reached.
- Profit % for close orders - profit percentage for closing all orders.
- Loss % for close orders - loss percentage to close all orders.
Block 2. NEWS TRADING
Block 3. PENDING ORDERS TYPE
Block 4. TRAILING STOP
Block 5. TRADE BY TIME
Block 6. OTHER SETTINGS
Added an auto-calculation of the lot to the EA. it is regulated by the risk percentage and depends on the size of the stop loss.
To check the operation of the EA the testing mode was changed.
“Modify pending orders” before the news, orders move behind the price (up and down) and keep from the price at a set distance, which does not allow the order to worked before the news release;
if “Modify pending orders” = true, stop loss and take profit in orders are not immediately set, but only after the order is worked;
“Modify pending orders” does not work with the “Grid immediately” strategy;
set several pending orders of the same type at the same price at once;
additional background Dark2;
the time “After the news” is now measured in seconds;
"End of operation time" can now be set without reference to the "Start of operation time";
hot keys "Shift + 0" and hot button "Close All" now close orders only on their currency pair;
the structure of the control menu has been changed;
the "Risk management" block is combined with the "General settings" block;
the “ON / OFF Expert Advisor” team has been renamed to “Trading is allowed”;
the “Number of open orders” command has been renamed to “Number pending orders” and the adviser now has no limit on the number of open orders;
the “Server to download:” command has been moved to block 6. “Other settings”;
Enabling / disabling the trailing stop has been moved to block 4. “Trailing stop” in the list “Mode selection:”;
“Disable the news block” command moved to block 2. “News Trading”;
changes to the advisor manual.
to block 1. "General settings"
- ON / OFF Expert Advisor;
- Disable the news block (for testing);
to block 3. "News trading"
- Find on keyword;
- Allow updates calendar;
to block 6. "Trade by time"
- Close orders at the end of time.
1. To download the news calendar file, there is now a choice of 2 ForexFactory Servers. Server_2 is not working right now!
2. The magic number is now automatically generated. If the magic number = 0, the EA will select the magic number depending on the currency pair and the timeframe on which it works.
3. Changed the management menu structure, identified a separate block “Risk Management”.
4. Instead of minutes in the team "Before the news" seconds were made.
5. Block 3. “News Trading” was divided into two sections “Show news” and “Calendar, settings”.
6. In the section “Show news” added three new teams: “Include low news”, “Include holidays” and “Show news for all currencies”.
7. In the section “Calendar, settings” added “Show news panel”.
8. Ibid added "News panel location:" - you can change the position of the panel text news, relative to the left edge, above or below.
9. In block 7 “Other Settings”, two commands were added: “Sound warning before the news” - the adviser will alert you with a beep for the set time before the news. If you do not need this feature, you can disable it.
10. In the second added command “Minutes to news, give a signal” you can set for how many minutes before the news to give a signal.