New article: Building an Automatic News Trader
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New article Building an Automatic News Trader has been published at mql5.com:
This is the continuation of Another MQL5 OOP class article which showed you how to build a simple OO EA from scratch and gave you some tips on object-oriented programming. Today I am showing you the technical basics needed to develop an EA able to trade the news. My goal is to keep on giving you ideas about OOP and also cover a new topic in this series of articles, working with the file system.
As Investopedia states, a news trader is "a trader or investor who makes trading or investing decisions based on news announcements". Indeed, economic reports such as a country's GDP, consumer confidence indexes and employment data of countries, amongst others, often produce significant movements in the currency markets. Have you ever attended a U.S. Non-Farm Payrolls release? If so, you already know that these reports may determine currencies' recent future and act as catalysts for trends reversals.
Author: Jordi Bassaganas