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Magic News Trade Assistant

Demo downloaded: 2

Published: 25 October 2023

Current version: 1.31

Magic News Trade Assistant

Utilities
Imasardz Maulana
Version: 1.31
Updated: 25 October 2023
Activations: 20

Magic News Trade Assistant is a tool for trading when news is happening, this tool is very helpful in generating profits for you, because you can set your own Stop Loss and Take Profit clearly. This tool is perfect for trading on XAUUSD. News that we can use for trading such as JOLTS & NFP is very profitable. You will be calm and wait for your order to make a profit, it all depends on the news generated.

Recommendation :

• Currency Pair: XAUUSD

• Lot & Equity Ratio: 1:1000(if you have $1000 you can use 1 lot)

• Best Broker: Orbitrade (Because it has very low slippage, if you want to create an Orbitrade account you can contact the admin)

Specification:

• Lot Size: Determine the number of your lots

• Range Size: Calculation Distance Range is price is 2-3 Spread, can be set according to your wishes, it is automatically filled

• Stop Loss: The normal distance for stoploss is 5x Spread, can be set according to your wishes, it is automatically filled

• Take Profit: The normal distance for TakeProfit is 10x Spread, can be set according to your wishes, it is automatically filled

• Trailling: The distance when the order position is profitable and the Stoploss will increase to secure the profit, automatic distance 0.5-2x Spread

• Count: The number of orders we will place during the news, I usually use 2 orders, you can fill 2

• News Timer: Fill in the time according to the news taking place, you can use local time to fill it in, and in less than 2 seconds. For example, News NFP will take place at 19:30:00 in my local time, so I will enter in News Timer: 19:29:58

• Cancel Order: Enter the news time plus 1-2 seconds to cancel the order, because for good news the price will jump in the 1st second, for example: NFP News at 19:30:00, the price will jump and take our order at 19:30:00. 19:30:01 If the news is not good and the price does not jump and take our order, it will automatically delete the order to avoid losses because the news is not good.

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Version 1.31 2023.10.25

Button Description:

1. Instant Order: To execute Buy & Sell Stop directly without using a timer.

2. Close Pending Order: Functions to close pending orders because the news has less influence on the market & no price spikes occur, thereby reducing losses for traders.

3. Close Position: This button functions to close existing positions one by one.

4. Order Timer: This timer functions to execute orders according to the specified time, this timer can be set -2 seconds before the news takes place, for example: news takes place at 19:30:00, then you need to fill in 19:29: 58. So the Buy & Sell Stop order will be executed at that time, before the price jumps due to the influence of the news.

5. Close Pending Timer: This timer functions to cancel existing Buy & Sell stop orders, so that traders do not get the wrong position because the existing news does not cause price spikes. You can set +1 or +2 seconds after the news takes place, for example the news comes out at 19:30:00 then you need to enter 19:30:01 or 19:30:02.