Market / MetaTrader 4 / Experts /

BF News Trader EA

FREE

Published: 13 May 2020

Current version: 1.2

BF News Trader EA

4.25

Experts
Lachezar Krastev
Version: 1.2
Updated: 23 July 2021

BF News Trader EA is the most advanced FREE tool for high impact news trading on the market. Usually, when a major news event occurs, the price spikes in one or both directions and this creates an opportunity for short-term scalping. If the magnitude of the price movement is big enough, the trader could gain 20, or in some rare cases even more than 100 pips in a few seconds. Of course, nothing is perfect and the liquidity issues in such high volatility moments could lead to spread increase, execution delay and slippage. However, if you want to try this type of trading free of charge, BF News Trader EA is the right tool for you.

BF News Trader EA features

Semi-automated and fully automated modes
Precise time filter
High spread detection filter
Single or multiple-cascade orders modes
Exit by a trailing stop, or back-tick detection
Multiple currency pairs support
Longs only and shorts only option

...If you are into news trading, News Trader EA is the best tool for you!

If you wish to check a professional expert advisor for trading news please check News Scope EA PRO

Instructions and recommendations

Recommended timeframe: M1

Supported currency pairs: EURUSD, GBPUSD, AUDUSD, USDCAD and USDJPY.

I have prepared set files for each supported pair. Since I cannot include them here i have uploaded them in the blog. Please check this post: https://www.mql5.com/en/blogs/post/736549

Please, make sure that you have loaded the set files for each individual currency pair!

IMPORTANT: Use “News Trader EA” only on well-known ECN brokers with good reputation. If you notice repeatedly unusual spread increase, too high slippage, or execution delay, you should not use News Trader EA on this broker anymore.

BF News Trader EA Settings

==== Risk Management ====

FixedLots - fixed trading volume (works if AutoMM=0).
AutoMM - values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).

==== General Settings ====

Slippage - maximal allowed slippage for position opening.
MaxSpread - maximal allowed spread for position opening.
MagicNumber - magic number - it is extremely important to keep this different for all robots.
StartTrail - value in pips. When trade's profit is equal to this value the EA set trailing stop.
TrailStop - value in pips. The trailing stop value.
EA_Coment - text which will be added as a comment to each trade opened by BF News Trader EA.

==== Pending Orders Settings ====

PlaceOrders_OnInit - true/false - whether to place or not pending orders during initialization of the EA.
ExitAll_OnDeinit - true/false - whether to close or not all orders during de-initialization of the EA.
ExitAll_OnInit - true/false - whether to close or not all orders during initialization of the EA.
CloseOnTradeHour - true/false - whether to close or not all orders before to place pending orders.
TradeDirection - possible values: -1 only short trades; +1 only long trades; 0 long and short trades;
AddDistance - the distance between the current price and the first pending order in pips.
AddStep - the distance between each pending orders in pips.
AddCount - the number of pending orders to be placed.
StopLoss - the stop loss value for pending orders. 0 - means not stop loss.
ExpireMinutes - the expiration time for pending orders in minutes.
DeleteAfterSeconds - placed pending orders will be deleted X second after the news release (X is value of DeleteAfterSeconds)
CloseOnReversePips - when there is a reverse X pips then the EA will close all active orders with the idea to protect the profit. (X is value of CloseOnReversePips)
........

For more info, complete list of settings and .set files, visit the blog!

If you like my product, please write a review! I will be very grateful!

You can check out my other products in my profile!

If you want to be notified of my new products, please add me as a friend!

more...

2281

MattyTrading 2023.10.17 09:13 #

SIEMPRE me gustaron los robots de Noticias y este supera las espectativas .BUEN TRABAJO GRACIAS

662

NN 2023.07.07 18:47 #

This Programmer created a very easy to use EA for News Trading that is profitable. Thank you!

1120

yalewang 2023.06.11 15:35 #

i will test it next week .

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SHOCK DEAL! --> -$130 OFF + BONUS: PREMIUM EA! NOTE: (Regular Price: $397) - The offer ends soon! Click here to read more about Trend Matrix EA and the SHOCK DEAL promotion! For Settings, Instructions and LIVE Results Click Here! BF Scalper PRO is the professional version of the very popular EA - BF Scalper EA. We have implemented a lot of new additional features and systems in this PRO version, in order to improve its overall performance . The improved exit logic reduces the drawdown and incr

267 USD

SHOCK DEAL! --> -$130 OFF + BONUS: PREMIUM EA! The offer ends soon! Click here to read more about Trend Matrix EA and the SHOCK DEAL promotion! For Settings, Instructions and LIVE Results Click Here! BF Scalper PRO is the professional version of the very popular EA - BF Scalper EA. We have implemented a lot of new additional features and systems in this PRO version, in order to improve its overall performance . The improved exit logic reduces the drawdown and increases the efficiency of the sys

267 USD

SHOCK DEAL! --> VERY LIMITED COPIES AT THIS PRICE !!! + BONUS -> PREMIUM EA! For Settings, Instructions and LIVE Results Click Here! Forex Trend Detector is an automated trading strategy which is developed to follow the money… or "follow the market impulse" resulting in reliable and consistent performance. I built Forex Trend Detector on a trading strategy that works! I didn't use exotic or speculative techniques – instead i examined the strategies that professional fund managers…or what ins

297 USD

SHOCK DEAL! --> BUY GOLD Scalper PRO with -$130 OFF and GET a BONUS PREMIUM EA! NOTE: (Regular Price: $397) - The offer ends soon! Click here to read more about Trend Matrix EA and the SHOCK DEAL promotion! GOLD Scalper PRO signal account: https://www.mql5.com/en/signals/2109002 For Settings, Instructions and additional LIVE Results Click Here! GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for trading GOLD (XAUUSD) . I have used th

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297 USD

The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend L

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2329

agrushev777 2024.02.17 18:00 #

User didn't leave any comment to the rating

238

Hardik K Chapla 2023.10.19 15:32 #

Hi, I have tested in demo account and the result was good. but when I started in the real account, and now at a loss. a completely different result in a real account. don't waste time.

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Reply from developer Lachezar Krastev 2023.10.20 07:48 #

Hi, Thanks for the 1 star. You are very generous. This is a free product. You have not spent even a cent for this product. Instead to thank that someone has shared such EA for free you complain about the results. I am 100% sure that your broker conditions in real trading are very bad which explain why you get such different results between demo and real trading. Check the previous reviews of other users. Everyone is satisfied you only not. If you are smart enough you will understand that the problem is on your "television" not on the EA!

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MattyTrading 2023.10.17 09:13 #

SIEMPRE me gustaron los robots de Noticias y este supera las espectativas .BUEN TRABAJO GRACIAS

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NN 2023.07.07 18:47 #

This Programmer created a very easy to use EA for News Trading that is profitable. Thank you!

1120

yalewang 2023.06.11 15:35 #

i will test it next week .

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rajat kumar 2023.04.29 11:49 #

live test is sucesss with profit

palmer134 2022.11.18 14:33 #

good job

1293

Tony Franciscus Jans 2022.10.17 18:03 #

Good EA, Useful. Simplify trading preparation before news.

ABDULRAHMANIBNAUF580 2022.07.16 03:22 #

Best EA.. thank you Lachezar Krastev...

Version 1.2 2021.07.23

Some small changes.

Version 1.1 2021.04.15

I have made some improvements in the EA code. I have also fixed a small bug.