• Overview
  • Reviews (3)
  • Comments (6)

PartnerForNews

PartnerForNews trades during important economic news releases.

It opens virtual pending orders at a specified time. Virtual orders will protect you against false activations during a sharp spread widening.

5 seconds before the set time, when a new tick arrives, the EA places virtual pending orders at a predefined distance from the price. An order in the price movement direction is opened afterwards. If no order is opened, the orders are removed 5 seconds after the specified time. An open position is accompanied by a virtual trailing stop or closed by a take profit/stop loss.

The EA features virtual take profit, trailing stop and stop loss levels. They are specially adapted for using during economic news releases since they exclude a potential false activation.

The EA can work independently and catch sharp movements during a day.


Inputs

  • Fix_lot - fixed initial lot;
  • Dynamic_lot - initial lot calculated as lot size per 1000 units of a deposit;
  • LargestLot - if true, the lot is maximum (all free funds are used);
  • TakeProfit - take profit in points;
  • Breakeven - set a stop loss to a breakeven, in points;
  • StopLoss - stop loss, in points;
  • TrailingStart - trailing stop activation level, in points of a breakeven;
  • TrailingStep - trailing step value in points;
  • Order_At_Time - if true, orders are opened only at a specified time;
  • OpeningTime - opening time of pending orders;
  • Indenting_price - indent from the price, in points;
  • Pause - pause between updating virtual order levels, in seconds;
  • Close_Opposite_Order - if true, an opposite pending order is removed after a market order is activated;
  • Max_Spread - maximum spread for performing a trade.


Recommendations

  • The user should perform testing, determine the risks and select appropriate symbols;
  • It is recommended to test the robot operation on a demo account;
  • Lower spread will improve results;
  • Fast execution will improve results;
  • The EA should be attached to charts of each traded instrument individually;
  • Currency pair: any;
  • Timeframe: any (recommended М1);
  • Dealing center: any dealing center that supports working with MetaTrader 4;
  • Any account type (recommended DMA, ECN, STP, NDD);
  • Recommended leverage is 1:100 and higher;
  • Recommended deposit is $10 and higher.

Remember that all investment decisions are made solely by you.

Fabio Consola
123
Fabio Consola 2018.06.15 07:59 
 

2018-06-07.: per ora molto bene!!!

2018-06-13: drawdown troppo alti. mancano *.set per ogni pair...

Bobby Satheesh
188
Bobby Satheesh 2017.05.15 14:08 
 

Nice EA and Good Support Also

777Zorro777
57
777Zorro777 2017.05.06 13:32 
 

Useful thing