EXPERT ADVISOR ON NEWS EVENT TRADING IS NEEDED

MQL4 Experts

Specification

So basically, EA will open a pending order 5 minutes before the news buy and sell in X pips away from current price.

If buy trigger, delete sell pending order. vice-versa. EA have risk setting based on equity, take profit, stoploss, and trailing stop,trailing step

Requirement :

1. Fetch News data in EA from forexfactory. Fetch news data must be hardcoded into EA without calling any indicator

2. Fetch news data into EA, and print it on the chart, example EURUSD chart, search only news for EUR and USD -- GBP CHF, so only GBP and CHF News. EA will refresh/get news every hours.

3. EA can be set to fetch only low impact, medium impact, high impact.

4. EA can be set to open stop / limit pending order (trend / counter trend)

Setting :

Manual Lot 

Use Risk = True/False

Risk - in percent based equity, this option used if use risk set to true, otherwise it will use manual lot

Distance - X pips from current price/bid price

Enumeration Use Pending Order = Limit, Stop

Take Profit

Stop Loss

Trailing Stop

Trailing Step

Max Spread -- check max spread to open order

Enumeration Low Impact, Medium Impact, High Impact News

Pending order time = 5 -- set X minutes before news happen to open pending order


To easy the task, just set time based on brokertime.

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Project information

Budget
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For the developer
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Deadline
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