EventStrike News Straddle

  • Experts
  • Joseph Andrew Steele
    Joseph Andrew Steele
    Builder of risk-management and compliance tools for prop-firm traders on MetaTrader 5 — the PropDesk suite: drawdown guardians, budget-aware trade panels, and rule engines encoding the exact daily-loss and max-drawdown math of FTMO, FundedNext, The5ers, FTUK and FXIFY.
  • Version: 1.6
  • Activations: 10
EventStrike arms an OCO straddle before a selected high-impact economic-calendar event: a buy stop above price and a sell stop below. The news spike triggers one side; the other is cancelled automatically, and unfilled orders expire on their own after the event.

What makes it different
Most news tools will happily fire on a funded account whose firm bans news trading - and cost you the account. EventStrike checks your firm's rules first: if the firm restricts news trading, it refuses to arm and says so on the panel. If your drawdown budget is thin, it refuses too.

Features
- Driven by the MetaTrader 5 economic calendar: choose currencies and importance; it finds the next event.
- Arms a configurable number of minutes before the event; distance, stop-loss and reward:risk are all adjustable.
- True OCO: the first fill cancels the sibling. Orders use server-side expiry, so they are removed even if your VPS goes down.
- Risk-based sizing per side, capped by your firm's remaining daily budget. Built-in presets for FTMO, FundedNext, The5ers, FTUK, FXIFY.
- On-chart panel: next event, countdown, armed state, budget headroom. Daily event cap.

Important
- The MetaTrader 5 economic calendar is not available inside the Strategy Tester, so EventStrike idles there by design; run it on a live or demo chart before a real event.
- News spreads and slippage are severe; fills can be worse than expected. The default risk and the budget cap exist for this reason. No promise of profit.
- Optional live rule updates use a WebRequest to your PropDesk Hub only if you set a Hub URL; with no URL set, EventStrike makes no web requests.

More from PropDesk - prop-firm risk & compliance tools for MetaTrader 5:
- Bastion - full prop-firm risk cockpit (auto-flatten, news, tilt lockout): www.mql5.com/en/market/product/185404
- RiskLens - whole-account risk X-ray - worst case vs your daily budget: www.mql5.com/en/market/product/185459
- Breach Radar - FREE daily-drawdown & breach monitor: www.mql5.com/en/market/product/185394
- TradeHelm - prop-firm-aware trade panel, one-click risk-sized orders: www.mql5.com/en/market/product/185406
- SignalGate - signal copier with built-in risk controls: www.mql5.com/en/market/product/185461
- BlockSight - order-block & fair-value-gap zones: www.mql5.com/en/market/product/185463
- ChronoBar - FREE candle timer, live spread & session boxes: www.mql5.com/en/market/product/185462
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Thierry Ouellet
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