AI Economic Release Strike EA – User Manual & Preset Files
1. Overview
The AI Economic Release Strike EA (hereafter ERS EA) is a news-scalping expert advisor designed to capture the sharp, short-lived volatility that occurs just before high-impact economic releases.
Leveraging proprietary AI analysis of the global GDELT news database, the EA follows a “one-shot” logic: open a position 3 minutes before the release → force-close it InpForceCloseSec seconds after the release (default = 3 sec).
- Platform supported: MetaTrader 5 (MT5)
- Recommended time frames: M1–M15 (chart TF does not affect trade frequency)
- Recommended symbols: EURUSD, USDJPY and other major low-spread pairs
Note: For high-spread symbols (e.g. XAUUSD) raise InpMaxSpreadPips accordingly. - Recommended brokers: ECN / RAW accounts (tight spread & fast execution)
- Target volatility: engineered to capture one-shot moves of roughly ±50 pips immediately after the release
2. Installation Steps
Automatic Installation
If you purchase the EA from the MQL5 Market, it will be installed automatically via the MT5 “Navigator” > “Market” tab.
Manual Installation
- Copy AI Economic Release Strike EA.ex5 into the MQL5\Experts\ folder
- Restart MT5
Attach to a Chart
- Open any symbol / timeframe chart (e.g., EURUSD M5)
└ The EA’s internal logic will automatically detect the currency pair with the highest volatility for the upcoming release and place orders on that pair. - In the Navigator, drag & drop AI Economic Release Strike EA from “Expert Advisors” onto the chart
- Tick “Allow Algo Trading” → OK
- Even if your broker appends a suffix such as .m or # , the EA resolves it automatically, so no extra settings are required.
IMPORTANT:
This EA automatically detects and trades the relevant currency pairs based on scheduled economic releases, regardless of which chart it is applied to.
Therefore, you do NOT need to open specific currency pair charts.
Whether you apply it to USDJPY, BTUEUR, or any other chart, the EA will automatically identify and execute trades on the appropriate currency pairs.
This feature saves you the hassle of opening multiple charts. The EA autonomously manages trades based on the economic indicators it monitors.
WebRequest Settings (Required)
In MT5, go to [Tools] → [Options] → [Expert Advisors] and add
https://script.google.com
to “Allow WebRequest for listed URL”.
The EA performs license verification via Google Apps Script.
3. Input Parameter Details
| Group | Parameter | Default | Description |
|---|---|---|---|
| 🔑 License Verification | InpLicenseKey | (none) | Purchase key—must be filled in. |
| InpLicenseInterval | 3600 | Re-check interval (seconds). | |
| 📄 Calendar Check | InpCheckInterval | 30 | CSV reload interval (seconds). Do not set below 30 sec. |
| ⏱️ Entry Timing | InpLeadSec | 180 | Seconds before release to open a trade. |
| 💼 Exit Timing | InpForceCloseSec | 3 | Seconds after release to force-close. |
| ⚙️ Filters / Risk | InpMinStars | 3 | Minimum ★ rating required. |
| InpMinVolPips | 15 | Minimum expected move (pips). | |
| InpMaxSpreadPips | 30 | Maximum allowed spread (pips). | |
| 💰 Lot Settings | InpLotSize | 0.05 | Base lot size. |
| InpVariableLot | true | Enable automatic ★-based multipliers. | |
| 🛑 Initial SL | InpUseInitSL | true | Place initial SL on entry. |
| InpInitSLPips | 60 | Initial SL width (pips). | |
| InpTightenAtNews | true | Tighten SL to breakeven just before release. | |
| InpTightenSec | 20 | Seconds before release to tighten SL. | |
| 🎯 Trailing TP | InpEnableTrail | true | Enable trailing take-profit. |
| InpTrailPips | 300 | Trigger distance for instant TP (pips). | |
| ⚙️ Common | InpEnableEA | true | Master on/off switch. |
| InpMagicNumber | 4102025 | Upper 32-bit fixed magic number. | |
| InpUseSymbolMagic | true | Separate magic per symbol. | |
| InpLogLevel | 0 | 0 = DEBUG, 1 = INFO, 2 = WARN, 3 = ERROR. |
4. Notes & FAQ
- Q: The EA doesn’t open trades.
Check: 1) License key not entered 2) MT5 “Algo Trading” button is OFF 3) InpMinStars or InpMaxSpreadPips too strict. - Q: Trades are skipped due to spread.
Spreads often widen right before news. ECN accounts are recommended. If you must trade, raise InpMaxSpreadPips. - Q: Stop-loss is too wide/narrow.
Balance InpInitSLPips and InpTrailPips. Use wider SL on high-volatility pairs.
5. How to Read the “Expert” Tab Logs
The MT5 “Expert” tab can be divided into three phases—① initialization & license, ② data retrieval, ③ entry execution—making troubleshooting straightforward.
① Initialization & License Verification
- INIT | Strike EA v1.5 start – EA has been loaded onto the chart.
- LIC | License OK – GAS replied with {"status":"valid"} ; license accepted.
- Auth Error / LIC | Invalid … – Key not found, expired, inactive, or WebRequest not authorised.
② Economic-Data Retrieval
- GDELT | GET Economic Release – Start downloading the CSV.
- status = 200 OK – HTTP success; CSV will now be parsed.
- PARSE | EURUSD … – Parsed indicator line.
- LOAD | Loaded n new records – Number of new rows added.
③ Entry Check → Order Execution
- SYMMATCH – Maps input symbol to actual tradable symbol.
- SPREAD – Current spread vs. allowed max.
- ORDER | Opened … – Market order placed successfully.
Send fail err=… shows the broker error code if the order was rejected.
Typical Log Messages & Quick Fixes
- Auth Error – Key not registered / expired / inactive / WebRequest not authorised.
- HTTP fail – Network issue / wrong URL / SSL problem.
- LOAD 0 new records – No upcoming indicators or CSV format mismatch.
- SKIP | spread – Spread exceeded InpMaxSpreadPips.
- SKIP | confidence / volPips – ★ rating or expected pips below threshold.
6. Support
If you need assistance, send us a message via the MQL5 “Messages” system or leave a comment on the product page.
Attaching your Experts tab logs and a screenshot will help us resolve issues more quickly.
📑 Recommended Set-File Guide
**What is a Set File (\*.set)?**
A preset configuration file that lets you save and load all Expert Advisor (EA) input parameters in one go.
• Stores every EA field (lot size, max spread, etc.) together in a single file
• Apply or save with one click via the MT4/MT5 “Load…” / “Save…” buttons
• Prevents typing errors and makes it easy to share recommended settings
1. ERS_Default_Conservative.set
Purpose: Balanced settings for mainstream majors such as EURUSD / USDJPY
| Parameter | Value | Reason |
|---|---|---|
| InpMinStars | 3 | Captures ★3 and above to secure trade frequency |
| InpMinVolPips | 15 | Filters out noise below a 15-pip forecast move |
| InpMaxSpreadPips | 30 | Typical upper limit for an ECN account |
| InpLeadSec | 180 | Enters 3 minutes before the release |
| InpLotSize | 0.05 | Low-risk lot size suited for initial live testing |
This is the baseline preset. If you want stricter filtering, change InpMinStars to 4.
2. ERS_HighImpact_Aggressive.set
Purpose: Maximize profit by targeting only very high-impact releases such as NFP or CPI
| Parameter | Value | Reason |
|---|---|---|
| InpMinStars | 4 | Limits trades to ★4/5 high-impact events |
| InpMinVolPips | 25 | Assumes a move of at least 25 pips |
| InpLeadSec | 120 | Enters 2 minutes before to catch early reaction |
| InpForceCloseSec | 2 | Force-closes 2 seconds after release to avoid reversals |
| InpLotSize | 0.20 (VariableLot=false) | Fixed 0.2 lot for stronger exposure |
For traders with higher risk tolerance. Always test fills on a demo before going live.
3. ERS_LowSpread_ECN.set
Purpose: For premium ECN conditions where spreads shrink to 0.1–0.3 pips
| Parameter | Value | Reason |
|---|---|---|
| InpMaxSpreadPips | 15 | Tighter limit assuming ultra-low spreads |
| InpTrailPips | 200 | Locks in profit earlier |
| InpLotSize | 0.10 | Higher lot because costs are lower |
| InpVariableLot | true | Adds multipliers on ★4/5 events |
| InpLeadSec | 150 | 2.5 minutes lead assuming low latency |
If your broker’s spreads are wider, entries will drop sharply.
4. ERS_Gold_HighSpread.set
Purpose: Indicator trading on high-spread instruments such as XAUUSD
| Parameter | Value | Reason |
|---|---|---|
| InpMaxSpreadPips | 120 | Allows for 50–100 pip spikes |
| InpInitSLPips | 150 | Protects against instant 100-pip jumps |
| InpLotSize | 0.02 | Smaller lot due to large contract size |
| InpLeadSec | 240 | Enters 4 minutes early to secure fill |
| InpTrailPips | 400 | Captures gold’s large follow-through |
Point size varies by broker—check the log for actual spread before live trading.
5. ERS_Demo_SmallLot.set
Purpose: Initial demo tests / ultra-low-risk warm-up
| Parameter | Value | Reason |
|---|---|---|
| InpLotSize | 0.01 | Minimal lot—virtually no loss risk |
| InpMinStars | 2 | Increases entry count to observe behavior |
| InpEnableTrail | false | Disables trailing for pure logic testing |
| InpTrailPips | 800 | (Dummy value because trailing is off) |
| InpUseInitSL | false | Observe slippage behavior |
| InpMaxSpreadPips | 50 | Wide limit to find skip causes |
When moving to live, load the Conservative or ECN preset instead.
💡 Tips for Choosing a Preset
- First time on a live account: start with Conservative; if stable, try ECN or Aggressive
- Broker has wider spreads: use Gold_HighSpread as a base and adjust MaxSpread
- Too many / too few entries: fine-tune InpMinStars and InpMinVolPips
- Frequent reversals: shorten InpLeadSec (90–120 sec)
- Close requests rejected: extend InpForceCloseSec to 4–6 sec
📚️ How to Install a .set File
* You must enter the access key manually each time. Copy & paste is recommended to avoid typos.
If you need extra presets or have questions, feel free to ask in the group chat.
Disclaimer: Trading leveraged instruments involves risk; past performance does not guarantee future results. Manage capital wisely and trade at your own discretion.
Thank you for reading—wishing you successful trading! 
