Forex Factory News EA
Expert Advisor designed for news trading.
The news are downloaded from the Forex Factory, Investing.com, myfxbook.com websites.
Make sure to add the URL to the terminal settings.
The EA should be attached to each currency chart. In the Symbol News field, set the currency symbol for searching news in the calendar. Example: if the EA is attached to the AUDUSD chart, set Symbol News to AUD; if USDCAD, Symbol News - CAD, XAUUSD Symbol News - USD, and so on. Change the magic number for each chart, any timeframe.
The robot works with pending and market orders. It places two Buy stop and Sell stop orders before a news release, or sets levels hidden from the broker. In case a level is broken, an order is opened.
The EA features a function for trading news from the list using pending and market orders. To use this, add the desired news to be traded and specify the numerical deviation for opening an order.
- Type Trade - trading type (trade news from the calendar or news entered manually)
- Symbol News - symbol of the news
- Order Type for Type 2 - type of orders for trading news entered manually
- Time to read calendar data, sec - time to read the data from the calendar from the list for the trading type 2 with market orders
- Distance to orders - distance to place orders and levels
- Hide pending orders setting - hide placement of orders
- Hide Take Profit setting - hide placement of take profit
- Hide Stop Loss setting - hide placement of stop loss
- Take Profit - take profit
- Stop Loss - your stop loss
- Type of initial lots - use a fixed lot or a free margin percentage
- Fixed lot - fixed lot to be used in trading
- Using margin, % - free margin percentage to be used in trading
- Profit transfer stop to breakeven - activate a breakeven
- Step breakeven - breakeven step
- The trailing stop - trailing size
- Step trailing stop - trailing step
- The maximum spread - maximum spread to open an order
- Slippage - maximum slippage. If a slippage exceeds a specified value, orders are removed
- Interval modify orders - move orders towards the price after a specified time interval in seconds (0-off)
- Align the order of, s - set stop orders before a news release in seconds
- Remove pending orders through min - delete orders if none has been activated after a specified time
- Open new orders if there are open orders - open new orders if there are open orders present on the given currency pair
- Max Drawdown - maximum drawdown percentage
- Magic Number - magic number
- Comment - comment to orders
- Use Hedging - use hedging (enable/disable)
- Distance - hedging distance
- Coefficient of Take Profit - take profit ratio (to determine the take profit distance, the distance is multiplied by the coefficient)
- Coefficient for lot Hedging - lot multiplier
Limit order settings
- Use limit orders - use limit orders
- Distance - distance to place limit orders
- Max. count. limit orders - the maximum number of limit orders
- Trailing Stop Break Even - total trailing of limit orders
- Take Profit on the Break Even - take profit based on breakeven
- Number martingale limit order (0-off) - number of the martingale limit order (0 - disabled)
- Coefficient - lot multiplier
- Use auto set GMToffset - detect the MetaTrader 4 server time automatically or set manually
- GMToffset Server - MetaTrader 4 server time
- Selecting calendar - selection of the calendar
- Trading High News - trade high impact news
- Trading Medium News - trade medium impact news
- Trading Low News - trade low impact news
- Show High News - show the high impact news on the chart
- Show Medium News - show the medium impact news on the chart
- Show Low News - show the low impact news on the chart
- Show markers news - display news markers
- Use Alert News - signal about the upcoming news
- Time before Alert News - time before the news for the signal
Settings for manually entered news
- Description of the news - name of the news to trade
- Change for BUY - deviation to open a buy trade
- Change for SELL - deviation to open a sell trade
Testing by time
- Time test news 1 - time of the test news
- Time test news 2 - time of the test news
Coefficient of Take Profit - take profit ratio
Coefficient of Take Profit - 2.5
To calculate the necessary Take Profit, multiply Distance by Coefficient of Take Profit
example: Distance - 200, Coefficient of Take Profit - 2.5, 200*2.5=500 pips
Changed reading the output data in the calendar from Previous/Actual to Forecast/Actual.
Max Drawdown, in the deposit currency (0-off)
Added trailing of limit orders
Trailing Stop BreackEven
Changed order deletion from minutes to seconds
Remove pending orders through sec.
Added 10 cells for manual input of news to trade.
Added new calendar www.myfxbook.com
Added the function of hiding stop orders and take profits.
This version should be attached to each currency pair.
Added the function of trading news entered manually in the EA settings using pending orders and market orders.
Moved comments to the settings.
Added support for trading GAS, EURSEK, EURNOK.
Added the use of limit orders (optional).
Added the use of martingale (optional).
Added new news server of invesing.com - http://ec.forexprostools.com, selection of the calendar is in the settings.
Added step for placing breakeven.
Added a parameter for entering a suffix.
Added the function of duplicating orders to GBPJPY when news is released for GBP, orders are only opened on the GBPUSD by default.
Added the function of duplicating orders to DE30 when news is released for USD, orders are only opened on the USDJPY by default.
Added the function of duplicating orders to US30 when news is released for USD, orders are only opened on the USDJPY by default.
Added separate settings for each currency pair.
Implemented the ability to test the EA in the strategy tester. To do this, download the text file to Tester>files
when testing, set the Interval modify orders to 0 in the strategy tester settings
Parameter values are specified in pips for the five-digit quotes