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  • Reviews (6)
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NewsBreaker EA

NewsBreaker EA tries to trade short-term trends during the announcement of important economic news.


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: <30 low risk setting, <60 middle risk setting, <90 high risk setting


Benefits

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


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
  • Use Trailing - If true, then option trailing SL is active
  • TrailingStartPoints - start trailing SL, if x points in profit
  • TrailingStopPoints - distance in points trailing SL
  • TrailingStepPoints - adjustment steps in points
  • use Vola filter - If true, then volatility filter is active
  • Vola filter periode - vola filter indicator period
  • Vola filter timeframe - vola filter indicator timeframe
  • Vola multiplier - determines the factor, how high the volatility may be, so that trades can be generated
  • 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, 5 TP Level, PartialClosePercent 20%, when a new TP level (StepTPPoints) is reached, 0.01 Lots are closed)
  • StepTPPoints - Distance of the TP levels in points
  • 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 the setting of MT4. Then allow WebRequest for listed URL

Zhi Hu
465
Zhi Hu 2018.03.16 02:22 
 

User didn't leave any comment to the rating

tiger19910108
223
tiger19910108 2018.03.05 04:16 
 

Qq2907948216互相交流讨论

Jesús Torres
443
Jesús Torres 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
1218
Tang Ou 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
463
Hualan Lu 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
431
Wei Song 2017.08.06 16:52 
 

Good

Good support

Version 2.1 2017.11.17
added Trailing Stop Loss Feature
added additional volatility filter
Version 2.0 2017.10.05
[+] Added breakeven feature
[+] Added partial take profit level
[*] Simplified magic number function
[+] Added order comment function
[*] Fixed some minor bugs
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.