News Trading Machine

News Trading Machine -   The Expert Advisor trades on economic news downloaded from the MQL5 calendar. For each news item, two pending orders (BUYSTOP and SELLSTOP) are placed at a specified distance from the current price.

Peculiarities

• The advisor can trade any number of trading instruments from one chart.
• The advisor does not use risky methods
• The advisor sets stop-loss and take-profit for all orders.
• The advisor uses a magic number to identify its orders.
• The advisor has a user-friendly interface for tracking trading results.
• The advisor maintains detailed logging of its actions.
• The advisor is tested in the strategy tester (testing on many instruments may take a significant amount of time)
• The advisor is suitable for accounts with suffixes and prefixes
  

Recommendations

• Any broker with a tight spread and fast order execution is suitable for trading.
• The minimum recommended deposit is $100
• The advisor can be used with default parameters; simply install the advisor on the chart.

Parameters

• LowNews - enable/disable trading on low-importance news (importance=1 according to the MQL5 classification).
• iLotsLowNews - fixed transaction volume (lot) for low-importance news.
• ShiftBefore - how many seconds before news is published to place pending orders.
• ShiftAfter - how many seconds after the news to delete non-activated pending orders (if DeletePendingShiftAfter is enabled).
• TypeDistanceLow - Method for calculating the distance from the current price to order levels:
• Fix – fixed value in points (LowNewsOrderDistance);
  
• ATR – dynamic value = ATR * multiplier (Period_ATR_Low, Mult_ATR_Low).
  
• Period_ATR_Low ‑ period of the ATR indicator for calculating the distance (used if TypeDistanceLow = ATR).
• TF_ATR_Low is the timeframe on which ATR is taken (default is M1).
• Mult_ATR_Low - ATR multifier, resulting distance = ATR value in points × Mult_ATR_Low.
• LowNewsOrderDistance - fixed distance in points (used if TypeDistanceLow = Fix).
• LowNewsSpreadCount - protection against too small a distance: if the calculated distance (ATR or fixed) is less than the spread × LowNewsSpreadCount, then the spread × LowNewsSpreadCount is used; if the value is 0, the check is disabled.
• StopLossLowFix - fixed stop loss   points   (used if   StopLossLowATR = 0 ).
• StopLossLowATR - a parameter for calculating stop loss based on the order distance; if > 0, then SL = order distance × StopLossLowATR (in points); if = 0, StopLossLowFix is used.
• TakeProfitLowNews - fixed take profit in   points   (used if   TakeProfitLowNewsRR = 0 ).
• TakeProfitLowNewsRR - risk/reward as a stop-loss multiplier; if > 0, then TP = SL × TakeProfitLowNewsRR (in points); if = 0, TakeProfitLowNews is used.
• LowNewsColor - the color of the vertical news line on the chart (if   DrawNewsLines = true ).
• NewsLineWidthLow - line width for low importance news.