The News Filter helps reduce trading exposure during major economic announcements by temporarily preventing the EA from opening or adding new positions.
MT4 Version
The MT4 version retrieves economic news data from the Forex Factory calendar. Daylight Saving Time (DST) and GMT offset adjustments are calculated automatically.
During the news-filter period, the EA will:
- Stop opening or adding new positions.
- Continue managing existing positions.
- Close existing positions only when the specified profit target is reached.
MT5 Version
The MT5 version uses the built-in MetaTrader 5 Economic Calendar. Therefore, no external URL, GMT offset, or DST configuration is required.
How to Configure the News Filter in MT4
To ensure the News Filter works correctly, you must add the economic-calendar URL to the list of permitted WebRequest addresses.
Follow these steps:
- Open MetaTrader 4.
- Go to Tools > Options > Expert Advisors.
- Enable Allow WebRequest for listed URL.
- Add the following URL: http://nfs.faireconomy.media/ff_calendar_thisweek.xml
- Click OK to save the settings.
Once configured, the EA will be able to retrieve economic news data and apply the News Filter automatically.
