• Overview
  • Reviews
  • Comments (4)

Control Multi Trading News MT5 Free

The EA uses economic news trading using low, medium and high news. The EA is set for each piece of news separately. Trading is conducted on 26 currency pairs and 4 timeframes from M5-M30. The EA uses trading on such indicators as CCI, Standard Deviation, Moving Average, Relative Strength Index, Momentum and MACD.   

The EA looks for small price deviations by indicators and uses 3 types of economic news to confirm the position opening. Adaptive breakeven, trailing stop , and partial position closing are used to close a position. The adaptability of capturing profit depends on the fluctuations of the news and the day of the week, for example, on Friday, low profits are used to quickly close the position.

Features of the free version of the EA:

  1. Only 4 pairs of 26 pairs are available;
  2. Changing of trading lot is not available, the EA trades the 0.02 lot;


МetaТrader 4 versionhttps://www.mql5.com/en/market/product/32105

For the EA operation, open "Tools" > "Options" > "Expert Advisors". Check the option "Allow WebRequests for listed URL:". Add https://ec.forexprostools.comhttps://time.is/UTC and click OK.

For the strategy tester: the EA provides integrated data on economic news from 2010.01.01 to 2019.04.01.

  • Multi_Currency_BackTest - if set to true, a multi-currency tester is used.

The robot does not require all ticks in history. For quick test, use:

  • Tick simulation methods:
    • Control points (nearest less timeframe) or Open prices only (quick method on complete bars).

Pairs and timeframe

  • The EA optimized for the following pairs:
    1. USDJPY / M5, M15.
    2. NZDUSD / M5, M15, M30.
    3. GBPNZD / M5, M15.
    4. NZDCHF / M5.

Requirements and recommendations

  • It is recommended to install the EA on one chart, you can enable and disable currencies in the settings.
  • The minimum recommended balance for the EA's use with the recommended pairs and timeframes - $300 or $3 on a cent account.
  • 5-digit brokers.
  • VPS.


  • USDJPY - if true, use USDJPY;
  • ...
  • NZDCHF - if true, use NZDCHF;
  • Magic_Start - ID of EA's trades.
  • Magic_Finish - ID of EA's trades.
  • Symbols_Prefix(Suffix)_Name - enter the prefix (suffix) ONLY if the name of the symbols uses a suffix (for example: "m."(".m") if the symbol name is "m.EURUSD"("EURUSD.m"));
  • Fixed_Lot - fixed lot (if Use_Risk_StopLoss is false);
  • Order Type - trading direction;
  • Order Comment - comments to orders;
  • Slippage - allowed slippage before an order is triggered;
  • Show_Info_Panel - use the information panel (false - faster backtest);
  • Show_additional_panel - use the info panel for profit indicator per each month, for backtest only;
  • Multi_Currency_BackTest:
    • true - use the multi-currency tester;
    • false - use the current currency and timeframe;
  • Adaptation of the spread to the stop loss - adapt the stop loss to spread;
  • Max Spread - maximum allowed spread;
  • Stop strategy trend - disable trend-following trading for a certain time (from 5 minutes to 24 hours) if the average spread exceeds Max_Spread;
    • Economic news filter:
    • use_high(medium/low)_news - trade high/medium/low-impact news;
    • News_update_every_N_minutes - update news every N minutes;
    • Colors of news lines on the chart;
      • Show time on lines - show time for news lines;
      • Style/width_Lines - style/width of lines.
Trading within the week:
  • Monday - trade on Monday;
  • ...
  • Friday - trade on Friday.
Time trading within a day:
  • Use time - if true, the EA trades by time;
  • GMT setting - GMT settings;
  • GMT Auto ( only for real ) - automatic detection of the GMT shift (not for a tester);
  • GMT Mode - manual setting;
  • GMT_mode - GMT offset of the broker server time (0 - disabled);
  • Every_Day_Start - operation start time (hh:mm);
  • Every_Day_End - operation end time (hh:mm).
Time to disable on Friday:
  • Use time - if true, the EA trades by time;
  • Disable_in_Friday - operation end time on Friday (hh:mm).
No reviews