• Overview
  • Reviews (5)
  • Comments (83)
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NewsBreaker EA

NewsBreaker EA is trying to trade strong short-term trends during the announcement of important economic news. The EA is supported by an integrated news filter.


Recommendations

  • Trading Time: Open trades all day during the announcement of relevant news.
  • Pairs: EURUSD, other major pairs can be used after optimizing the parameters.
  • Broker: It is recommended to use an ECN low-spread broker and a suitable VPS Provider.
  • Trading days: All weekdays with relevant news.
  • Minimum Deposit: 100 USD.
  • Minimum Leverage: 1:100.
  • Risk: 10-30 low risk setting 40-60 middle risk setting 70-90 high risk setting.


Benefits

  • The EA has its own Magic number and is ideally suited to complement other Expert Advisors.
  • No martingale, no grid, no hedging.
  • Equity protection by dynamic and hidden Stop Loss and Break Even application.


Inputs‌

Trading Time Settings

  • start hour - hour broker server time, in which the EA starts the trading period.
  • start minute - minute broker server time, in which the EA starts the trading period.
  • end hour - hour broker server time, in which the EA ends the trading period.
  • end minute - minute broker server time, in which the EA ends the trading period.

General Trading Settings

  • allowed Spread in Points - maximum allowed spread (in points) to open a trade.
  • allowed Slippage in Points - maximum allowed slippage (in points) to open a trade.
  • use Moneymanagement - 'false' means trade with fixed Lotsize; 'true' means trade with automatic LotSize via risk setting.
  • fixed LotSize - if use Moneymanagement = 'false', then trade with fixed Lotsize.
  • Risk - percentage of free margin to trade - for example: risk 10 means 0.01 lot per 100 USD free margin.
  • max Lotsize - maximum allowed lot size to open trades.
  • XSecondPause - the opening of a new trade (in the same direction) will pause for x seconds after closing the last trade.

Filter Settings

  • Delta Points - determine additional distance in points above and below the predefined range and thus determine the entry price for buy and sell trades during the breakout.

Magic Number Settings

  • Magic Number - unique number to identify each trade.
  • Order Comment - you can set here your trade comment.

Trade Management

  • TP Value in Points - take profit in points.
  • SL Value in Points - stop loss in points.

Partial

  • EnablePartialClose - If 'true', then trading with partial TP levels is possible.
  • PartialClosePercent - % Share of the total lot size, which is provided for each level of TP (Example: total lot size 0.05 lot, PartialClosePercent 20%, achieve one each TP level closed 0.01 lot).
  • TPSteps - Number of the TP level.

BreakEven

  • EnableBreakEven - If 'true', then trading with Break Even Feature is possible.
  • BreakEvenProfitPoints - Amount of profit in points with the SL value is set to the entry price.

Trading Day Setting

  • MondayAM - if 'true', then trading on Monday AM is possible; if 'false', then there will be no trades executed on Monday AM.
  • MondayAMStartTime - start time trading period on Monday AM.
  • MondayAMEndTime - end time trading period on Monday AM.
  • MondayPM - if 'true', then trading on Monday PM is possible; if 'false', then there will be no trades executed on Monday PM.
  • MondayPMStartTime - start time trading period on Monday PM.
  • MondayPMEndTime - end time trading period on Monday PM.
The settings for the other weekdays are identical.

News Filter Setting

  • UseNewsFilter - if 'true', then the news filter is active, if 'false', then the news filter is inactive.
  • SymbolsToCheck - news relevant pairs can be set individually.
  • UseHighImpact - if 'true', then high impact news are considered.
  • HighBeforeMins - allow trading from x minutes before the high impact news.
  • HighAfterMins - allow trading until y minutes after the high impact news.
  • UseMediumImpact - if 'true', then medium impact news are considered.
  • MediumBeforeMins - allow trading from x minutes before the medium impact news.
  • MediumAfterMins - allow trading until y minutes after the medium impact news.
  • UseLowImpact - if 'true', then low impact news are considered.
  • LowBeforeMins - allow trading from x minutes before the low impact news.
  • LowAfterMins - allow trading until y minutes after the low impact news.

‌A live monitoring of the NewsBreaker EA can be found here: https://www.mql5.com/en/signals/author/xdeimosx

To use the news filter, you have to add this URL http://ec.forexprostools.com/ in MetaTrader 4 setting. Then allow WebRequest for listed URL.

tiger19910108
211
2017.09.07 14:08 
 

不知道这个能不能长期稳定

Jesús Torres
362
2017.09.04 15:46 
 

Ea without security measures, enters into benefits, then goes to lost and closes operation, there are no defined Break Even my Stop loss, also has a bug in magic numbers DO NOT CHANGE them or start buying and selling crazy.

The programmer says that we wait for the update, and they are waiting 2 weeks, I have it rented, I hope there is a price offer when I fix it.

For that reason, due to the lack of programming (not sl, not TSL, not BE), the magic number bugs and the slowness of repair of the EA my Punccion low, when I release the update and if I can try it because it offers a right price, I'll upload the stars, right now 5 stars is too much for EA, and I passed it to 1. I lost more than 900 $ with their bugs and lack of programming

Tang Ou
1023
2017.08.16 04:16 
 

It is the best in terms of Risk/Reward ratio. Low risk with high growth. Very safe to run and not worry too much about DD as it is only running during News period. It is 5 stars now. Deserve to be 10 stars if partially TP functions are applied properly.

Hualan Lu
335
2017.08.16 02:24 
 

Mr.Thomas deserved five star, this EA is amazing. you can use big deposit big lot to run this EA. thank you ,Thomas, great man.

Wei Song
444
2017.08.06 16:52 
 

Good

Good support

Version 1.1 - 2017.09.07
Added possibility for fixed Take Profit and Stop Loss values.

Added possibility for trading on other timeframes, for example, on M30 and H1 in addition to standard M15.