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News Filter Protector

45 USD

Demo downloaded: 4

Published: 10 January 2024

Current version: 1.33

News Filter Protector

Name: News Filter Protector
Price: 45.00 USD
Rating: 5 (1 reviews)
Author: Konstantinos Kalaitzidis

Utilities
Konstantinos Kalaitzidis
Version: 1.33
Updated: 25 March 2024
Activations: 20

News Filter Protector is designed to protect your from having open positions/orders on news announcements. In today's world where news can cause unpredictable volatility and extended losses, such a tool is very helpful for your peace of mind since you don't need to check the calendar ever again!

Let's go through the Inputs of the EA to get an understanding of how each parameter works:

--------------------------------News Settings--------------------------------

Currencies of the News to Filter separated with commas (i.e. USD,EUR,GBP): Type all the Currencies (as show in MT5 Calendar Window) that you want to filter out separated with comma (you can filter out more specified news down below, but first you need to insert all the relevant currencies of these news).
Keyword #1 (for specific News to Filter - i.e. "Payrolls"): On each Keyword, type ONLY ONE keyword, exactly as the description is on the MT5 Calendar (and not as i.e. on Forex Factory).

For example, you can type "CPI" but you'll also need to have specified the currency in the first input above, as there are CPI News for all the currencies! Leave blank if not needed, but be aware the tool will only consider the currency and the importance closing/blocking trades.

Keyword #2: Second News keyword for filtering out a specific news only. Leave blank if not needed.
Keyword #3: Third News keyword for filtering out a specific news only. Leave blank if not needed.
Keyword #4: Fourth News keyword for filtering out a specific news only. Leave blank if not needed.
Keyword #5: Fifth News keyword for filtering out a specific news only. Leave blank if not needed.
Filter Low Importance news: Two options: True/False. If true, then according to the previous selection of Currencies+Keywords, it'll only close/block trades on LOW Importance news (shown as Yellow on the MT5 Calendar)
Minutes before Low Importance News to Close/Block trades: How many minutes PRIOR to the news do you want the EA to close the existing trades? (0-59 value)
Minutes after Low Importance News to Allow trading again: For how many minutes AFTER the news do you want the EA to NOT ALLOW any new trades?

Later in the inputs tab, you'll specify what type of Trades (Open, Pending, Open and Pending, Manually placed or from other EAs). Whatever you choose there, are also the type of trades that will be Closed prior to the news AND Blocked after the news.

Filter Medium Importance news: Two options: True/False. If true, then according to the previous selection of Currencies+Keywords, it'll only close/block trades on MEDIUM Importance news (shown as Yellow on the MT5 Calendar)
Minutes before Medium Importance News to Close/Block trades: How many minutes PRIOR to the news do you want the EA to close the existing trades? (0-59 value)
Minutes after Medium Importance News to Allow trading again: For how many minutes AFTER the news do you want the EA to NOT ALLOW any new trades?

Filter High Importance news: Two options: True/False. If true, then according to the previous selection of Currencies+Keywords, it'll only close/block trades on MEDIUM Importance news (shown as Yellow on the MT5 Calendar)
Minutes before High Importance News to Close/Block trades: How many minutes PRIOR to the news do you want the EA to close the existing trades? (0-59 value)
Minutes after High Importance News to Allow trading again: For how many minutes AFTER the news do you want the EA to NOT ALLOW any new trades?

-------------------------- Trade Filtering Settings----------------------------

Filter out Trades that were placed Manually?: Two options: True/False. It's true by default. In case you're not interested in protecting manually placed trades but only trades taken from other EAs (or copy trading) then you can set this input to false.
Filter out Trades that were placed by EAs? (must have Order Magic Number or Comment): If you want to close/block trades placed by EAs and not from a user (especially if you're doing a Prop Firm Challenge) then you should put this to True. BUT, the orders/positions that are closed are identified by having a Magic Number or a Comment attached to their ID (otherwise there's no way to identify that a trade is coming from an Expert Advisor)
Type of Trades to Filter out: Three Options: All Types, Pending, Open. "All Types" means both Pending and Open. "Pending" means only filter out trades that are waiting to be triggered (Limit, Stop, Stop Limit Orders). "Open" means any position that is running, has open Profit and Loss.

-----------------------------Notifications Method----------------------------

Send Mobile Notification: If "true", the EA will send you notifications through your Mobile MT5 app. Make sure you've connected it with your computer's terminal.
Alert on Terminal: If "true", the EA will send alerts in a new window when new patterns form, or when there's an error with a trade order.
Print on Journal: If "true", the EA will print in the Journal tab of the terminal. It's the lowest form of communication between the user and the EA.

--------------------------------Visual Settings--------------------------------

Show News on the Chart with a Vertical line: Two options: True/False. If True, there will be Vertical Lines at the scheduled time of each news, only for the current day's news that you've specified to filter out (not all the News in the Calendar)
Color of Vertical Line for Low Importance News: Choose any color for the Low Importance News Vertical Line, in case Yellow isn't appropriate for your chart colors.
Color of Vertical Line for Medium Importance News: Choose any color for the Medium Importance News Vertical Line, in case Green isn't appropriate for your chart colors.
Color of Vertical Line for High Importance News: Choose any color for the High Importance News Vertical Line, in case Red isn't appropriate for your chart colors.

Extra Notes:

Make sure "Algo Trading" at the top of the MT5 terminal is enabled (It should be displaying a green triangle) and "Allow Algo Trading" in the "Common" tab of the EA, is checked.

Only place the EA on one chart, and it'll work across all the terminal. It's not sensitive to the symbol it's attached.

Feel free to message me for any special enquiry or question about this tool. I'm always open to help. You can check my MQL profile for the full list of tools I provide.

more...

1033

Valentin Nicolas Pierre Henry Vrel 2024.03.22 12:33 #

Nice account protector for big announcements. Works with EA's also. Thanks to the author who took the time to explain clearly.

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EA DIDI Alert - Needle Detector for ATM SYSTEMS Are you looking for a tool that will help you take advantage of the best trading opportunities in the financial market? Then you need to know that DIDI Alert - Agulhadas Detector by ATM Systems, the only advisor on the market that uses Didi Aguiar's powerful Needles Setup trading strategy through DIDI INDEX, has multiple resources available, unlike any other advisor dedicated to this strategy. so complete, functional and practical! It identifi

50 USD

Drawdown Limiter EA You are in the right place if you were searching for Drawdown control, Drawdown limiter, Balance protection, Equity Protection or Daily Drawdown Limit related to Prop Firm, FTMO, or Funded account trading, or if you want to protect your trading account. Have you suffered from controlling your drawdown when trading funded accounts? This EA is meant for you. Prop firms usually set a rule called “Trader Daily Drawdown”, and if it is not respected, you are disqualified. I am an

69 USD

Drawdown Protector is a utility tool used to manage your desired Max Daily Drawdown. In the era of prop firms and challenges, it's highly important to be aware of daily drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management and prevention of revenge trading. Input parameters: How many Hours to block trading? - Here, you set how many hours you want the EA to block new trades, after the Daily % Drawdown is breached. Value must be >0. Block trading until the

50 USD

The "FVG Screener" is a FREE utility tool designed to identify and alert on "fair value gaps" (FVGs), a concept popularized by ICT. This EA is intended to be used by traders who use fair value gaps in their trading. The panel provides a simple and intuitive interface for selecting the desired timeframes, enabling traders to focus on specific timeframes regardless of the timeframe that their chart is on. The EA scans the market for imbalances or FVGs, which are essentially discrepancies between

FREE

The "Scalping Scale in" is a utility tool designed for scalpers who want to scale in an initial position at fixed distances without worrying about the S/L and T/P placement, because every second counts when scalping. How it works: You set your desired values in the inputs tab of the EA, and more specifically what Risk-to-Reward you want the T/P to be placed, how wide you want your S/L (in pips) - which also is the distance of the next next stop order (scale in position). You manually click B

40 USD

Revenge Trading Protector is a simple but effective tool for traders who can fall victim to revenge trading. Being a day-trader myself, I understand the psychological aspect of revenge trading and the desire to cover the losses. So, I developed this tool (that I use myself too) to be 100% sure I’m able to remain patient after a loss and not make irrational trading decisions. When you take a loss, the Revenge Trading Protector EA prevents you from opening another order (either limit order, s

45 USD

"Trade Notifications" is a utility tool, aimed to inform you either with mobile notifications or terminal alerts on every opened or closed trade, as well as the $ profit/loss result of each trade. It's a tool I've been using myself for a long time, and I decided to share it for free! Input Parameters: (every input is a true/false type, double click on it to change its value) Notify for Closed Positions PnL : If true, it'll notify you for the $ result of any trade that is closed. This way,

FREE

Drawdown protector is used to manage your desired Max Daily Drawdown. It's a highly valuable tool for traders, especially for prop firm traders, you need to be careful of the drawdown limits. It's an effective EA that is simple to use for Equity Drawdown Management purposes. It works by blocking new trades - and closing existing trades, when the floating Equity (not Balance) exceeds the Daily Loss limit you've set. Also, you can set a Maximum Loss Limit for a SINGLE trade, which if exceeded, it

50 USD

45 USD

The "Candlestick Patterns Trade Panel" is the ultimate tool for traders who trade with Candlestick Patterns and want the process of identifying a pattern and executing a trade, to be quick and effortless . With various but key input options, this tool suits to people who want to automate their candlesticks patterns manual trading, or assist them to take trades manually but faster than before, or simply inform them with the patterns they want to see. Let's go through the Trade Panel that appears

45 USD

Anti Grid Position Protector is a utility tool designed to protect you from the temptation of adding to a losing position in a hope of a drawdown recovery, or trying to hedge when you're not intended too. --------------------------Inputs--------------------------- Allow Hedging on Losing Positions? - It's a true/false input (double click to switch its value) which allows/disallows opening a trade (either pending order or market execution) in the opposite direction on an existing losing position

40 USD

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1033

Valentin Nicolas Pierre Henry Vrel 2024.03.22 12:33 #

Nice account protector for big announcements. Works with EA's also. Thanks to the author who took the time to explain clearly.

903

Reply from developer Konstantinos Kalaitzidis 2024.03.22 13:37 #

I appreciate your words Valentin, thank you! Feel free to contact me again if you need anything!

Version 1.33 2024.03.25

Fixed a bug that allowed the EA to close trades from other EAs even though the setting to close trades from other EAs was not activated.

Version 1.22 2024.01.10

Improved input descriptions