CAP News Trading
Need to open a pending order at news time, or need to open a pending/instant order at a specific time? CAP News Trading EA is the right tool for you. The News Trading EA opens pending orders at a specific time or specific date for you avoiding human errors and enhancing your trading activity. It is useful for news traders who open pending orders before the news come out.
News trading is one of the most difficult disciplines – but it can also be one of the most profitable ones if you know the right method. It is true, nobody can predict figures delivered by a major news event like NFP or ECB decisions. And even if you knew the results – nobody knows how the market will react to the news. In fact, most of the time there are as many reasons for the market coming out bullish as there are for a bearish result.
CAP News Trading EA helps you automate such news trading almost completely. With CAP News Trading you can open one or more pending orders at news time (of course you can also open market orders at a specific time). You are in full control of the news event. You enter the time when news comes out (date and time when pending orders are opened), control the distance between market price and STOP BUY / STOP SELL, establish STOP LOSS and TAKE PROFIT depending on price of trade opening and delete opposite pending order if one order is triggered (OCO, one cancels other). You even have the comfortable choice between several ways to save your profit like moving STOP LOSS to break even after trend has gone some distance in the right direction or establishing a TRAILING STOP LOSS at a predefined distance.[ Installation Guide | Update Guide | Submit Your Problem | All Products ]
The EA performs the following tasks
- It can open pending/instant orders at a given distance from the current price by the one-click panel.
- It can open pending/instant orders at a specific day (like on a weekly schedule) and time.
- It can delete opposite pending orders if one order is triggered (OCO) (optional).
- It can delete/close pending/instant orders at a specific date/time (optional).
- This EA can work on a pair or an index.
Other cool features are
- One-click trading panel.
- Auto download news time from news website.
- Check the product in the strategy tester in Visualization mode.
- You can set Maximum Spread to open a pending order (useful for news traders).
- Integrated money management: auto lot sizing (optional).
- You can set a pending order by a floating price.
- Delete a pending order when the opposite pending order is active (true/false).
For a complete description of the input parameters of the EA, kindly read the user guide.
IMPORTANT: To enable News Stop Trading and AutoGMT, tick the "Allow WebRequest" option and add this two URL:
MOHAMMAD ALI, technical analyst and speculator, software engineer and founder of MeetAlgo LLC