The price can cover more than hundred of points during only the first minute of economic news release. Nemesis News EA is designed for trading on news using pending orders. It will simplify your work and protect from manipulation triggering before data are released.
The robot can work both on breakthrough and rollbacks. Before news release, changes in the price of pending orders depend on the current price of the symbol. When some orders trigger, the other ones are deleted at once. If there is no price movement, orders are deleted in a set period of time. Trailing stop can be used to maximize the profit.
Set the time to five minutes before the news time.
- MagicNum = 136567 - Magic number allows to use the same EA with different charts
- Lot = 0.1 - Orders volume
- step1 = 200; step2 = 300; step3 = 400; step4 = 500; step5 = 400 - Distance between orders
- TimeOutMinute = 20 - Broker time of the news in minutes
- TimeOutHour = 18 - Broker time of the news in hour
- CloseAfterMinutes = 15;
- StopLoss1 = 30;StopLoss2 = 100;
- TakeProfit1 = 100; TakeProfit2 = 110;
- TrailingStop1 = 10.0; TrailingStop2 = 30.0;
- Slippage = 2;