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Good News

Good News - the Expert Advisor has been called so, because it allows to make any news, that is capable of shaking the market, usable to your advantage. Managing the EA is quite simple. In order to allows the EA to open positions during the news releases, it is necessary to plot vertical lines of a certain color on the chart. The lines can be drawn either manually, or by using any news indicator that plots vertical lines on the chart. One such indicator is the "Urdala News" - this indicator can be easily found on the Internet, it is free. Or any other news indicator that plots vertical lines during the news releases. Colors of the lines, that are used by the robot for opening positions, are specified in the settings. You can also use the news indicator built into the EA.

The built-in news indicator plots vertical lines of three colors, depending on the importance of the news. Red lines indicate high-impact news, blue lines - medium-impact news, and yellow lines - low-impact news. The colors may differ, as long as they match the colors specified in the parameters of the EA (signal for opening is the existence of a line with a specific color on the chart, the lines can be set in any manner). And once the price reaches any of the lines, the robot reads its color. If the color strictly matches one of colors specified in the EA parameters, this will indicate a signal for opening positions. After a certain time (one hour by default), if none of the pending orders is triggered, they are deleted until the next news release.


Parameters

  • TotalEquityRisk - percentage of the deposit you are willing to risk, per one trade;
  • StopLoss - the minimum distance to the stop loss in points;
  • TakeProfit - distance to take profit in points;
  • Step - distance from the price to place pending orders;
  • Correction - enable adjustment of pending orders depending on the trend strength;
  • Power - trend strength on a scale from one to ten, the smaller the value, the more frequently the pending orders trigger. To disable this function, enable the Correction option;
  • UseTrailingStop - enable/disable the trailing stop;
  • TrailStart - trailing stop start;
  • TrailStep - trailing stop step;
  • NoLoss - breakeven;
  • MinProfitNoLoss - profit for the breakeven function;
  • Slippage - allowed slippage;
  • MM - automated money management;
  • Lot - fixed lot;
  • RiskPercent - percent of deposit for automated money management;
  • Spread - maximum allowed spread;
  • Magic - identifier of orders;
  • Comments - comments;
  • AutomaticPips - automated calculation of steps between orders, if more than one order is used in trading;
  • MechanicalPips - fixed step between orders if auto calculation is not applied;
  • MaxTrades - maximum number of orders;
  • Exponent - lot multiplier for subsequent orders;
  • Candles - the number of candles for automatic calculation of the step between orders;
  • Del - delimiter of the step between orders for automatic calculation;
  • CloseAll - close all orders and stop trading;
  • UseTime - enable the EA operation by time;
  • BeginTime - trading start time;
  • EndTime - trading end time;
  • News - include the built-in news calendar in the work;
For it to work, add the following URL in the terminal settings - http://ec.forexprostools.com/?columns=exc_currency
  • NewsLight - use low-impact news in operation;
  • NewsMedium - use medium-impact news in operation;
  • NewsHard - use high-impact news in operation;
  • Offset - time shift;
  • Signal - audio signal before the news releases;
  • Chigh - color of the high-impact news line;
  • Cmedium - color of the medium-impact news line;
  • Clow - color of the low-impact news line;


Recommendations

  • Chart timeframe - H1.
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