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CJ News Trading MT5

4.09

Trading has never been easier!

Let's check this out!

MT4 version: https://www.mql5.com/en/market/product/72153

Strategy

There are some news within a day that can make the price jumps up or down very quickly and that is a good opportunity for traders to get some profits.

Looking to scalp a news release? Here's how you can do it:

  1. Open two stop orders (a buy stop and a sell stop) 3 to 5 minutes before the news release. Place them about 15 to 20 pips away from the current market price.

  2. When the news is released, there are three possible scenarios:

  • The price doesn't move much and neither of your orders is triggered. In this case, simply close both pending orders and finish your scalping session.

  • The price moves up and triggers your buy stop order. Close your sell stop order and let the buy order continue to run.

  • The price moves down and triggers your sell stop order. Close your buy stop order and let the sell order continue to run.

By scalping the news in this way, you can take advantage of sudden market movements and potentially make a quick profit. However, it's important to note that scalping can be a high-risk strategy, and it's important to carefully manage your trades and limit your exposure to the market.

Notice: Some brokers lock the chart from making order within 1-2 minutes before and after the news, so it is better if we open the trader sooner than 2 mins before the news release time.

Features

  • Auto open pending orders before new released
  • Auto send notification to MT4/MT5 apps on mobile
  • Can be handled manually
    • Open pending orders
    • Close pending orders
    • Close all orders (orders opened by this EA, the other orders are still remained)

Some news that can make significant impact on forex market when they are released:

  1. Non-Farm Payrolls (NFP): This is a monthly report released by the US Bureau of Labor Statistics that shows the number of jobs added or lost in the US during the previous month.

  2. Gross Domestic Product (GDP): GDP measures the total value of goods and services produced by a country in a given time period. A higher GDP indicates a stronger economy, which can lead to a stronger currency.

  3. Central Bank Interest Rate Decisions: Interest rate decisions made by central banks such as the Federal Reserve (US), European Central Bank (EU), and Bank of Japan (Japan) can have a significant impact on the forex market, as they can affect the value of a country's currency relative to others.

  4. Consumer Price Index (CPI): CPI measures the change in prices of a basket of goods and services over time, and is used as an indicator of inflation. Higher inflation can lead to higher interest rates, which can strengthen a currency.

  5. Retail Sales: Retail sales measures the total value of goods sold by retailers in a country. Strong retail sales can indicate a strong economy and can lead to a stronger currency.

  6. Trade Balance: Trade balance measures the difference between a country's exports and imports. A positive trade balance (exports greater than imports) can strengthen a currency, while a negative trade balance can weaken a currency. 

  7. Manufacturing Data: Manufacturing data such as the Purchasing Managers' Index (PMI) can be used as an indicator of economic growth or contraction. Strong manufacturing data can indicate a strong economy and can lead to a stronger currency.

To see how to enable notification to mobile, please visit this link



Reviews 12
miqueas_ga
46
miqueas_ga 2023.10.16 16:15 
 

Excelente EA, me ayuda demasiado👌. Podría o hay alguna versión que soporte Limit Orders, Market Orders? Con los mismos parámetros, Entrydistance(pip). ¡Excelente trabajo y buena suerte!

BBateman
35
BBateman 2023.06.06 16:41 
 

Awesome tool! Best one to trade news :)

Jayanth26
37
Jayanth26 2023.02.20 20:33 
 

Would you be able to make it so futures are also supported? Is there anyway to bypass this restriction? It says MNQH23 is not supported

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CJ News Trading MT4
Nguyen Duc Tam
5 (4)
Trading has never been easier! Let's check this out! MT5 version:  https://www.mql5.com/en/market/product/72185 Strategy There are some news within a day that can make the price jumps up or down very quickly and that is a good opportunity for traders to get some profits. Looking to scalp a news release? Here's how you can do it: Open two stop orders (a buy stop and a sell stop) 3 to 5 minutes before the news release. Place them about 15 to 20 pips away from the current market price. When the n
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CJ Flash Order MT5
Nguyen Duc Tam
5 (7)
Trading has never been easier! Let's check this out! MT4 version:  https://www.mql5.com/en/market/product/72118 The story:   How I boost up my trading speed without any "Invalid SL or TP" error NOW ALL YOU NEED TO DO IS Drag the lines Press Open Order button Enjoy! With this tool, you will no longer have to enter prices manually, which can cause many mistakes and you could miss the trade! From the board, we have: Risk Amount : the risk you want to apply for your trade Risk Unit : USD : If sel
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CJ Flash Order MT4
Nguyen Duc Tam
5 (6)
Trading has never been easier! Let's check this out! MT5 version:  https://www.mql5.com/en/market/product/72120 The story:  How I boost up my trading speed without any "Invalid SL or TP" error NOW ALL YOU NEED TO DO IS Drag the lines Press Open Order button Enjoy! With this tool, you will no longer have to enter prices manually, which can cause many mistakes and you could miss the trade! From the board, we have: Risk Amount : the risk you want to apply for your trade Risk Unit : USD : If se
FREE
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Calogero Vella
562
Calogero Vella 2024.04.12 16:39 
 

Super EA!!! Gibt es die möglichkeit das sich der EA automatisch die nächsten Uhrzeiten für relevante Nachrichten herausfiltert? Kann leider nicht immer manuell die Uhrzeiten eingeben. Danke und weiterhin viel erfolg!!! TOP

Ame Allan Mogapi
210
Ame Allan Mogapi 2024.03.08 15:59 
 

I am not a review person this is my third NFP on a win using CJ News trading...doing everything manually 12 pips sl on 15m time frame 3;1 win ratio still make profits even when market spikes both ways i am in and out opening 5 to 10 trades so could be easily to manage the trades as i am doing manually...using ic markets...on about 500% win. I really appreciate Highly recommend

Lucas45529
319
Lucas45529 2023.10.16 23:47 
 

Extrem Schlecht, voreinstellung öffnent er postion bei den news geht es einfach nicht dann meherfach geprüft. Er öffnet mal ein trade und mal nicht kann man vergessen

miqueas_ga
46
miqueas_ga 2023.10.16 16:15 
 

Excelente EA, me ayuda demasiado👌. Podría o hay alguna versión que soporte Limit Orders, Market Orders? Con los mismos parámetros, Entrydistance(pip). ¡Excelente trabajo y buena suerte!

entropia93
91
entropia93 2023.09.28 17:35 
 

" CJ News Trading MT5 " is so nice thanks a lot :) @Nguyen Duc Tam

Ngeci1615
69
Ngeci1615 2023.07.13 04:37 
 

Hey the EA is awesome , thank you very much..only that on the dashboard some text is written on top of each other. is there a way of increasing the display so all text is visible and not written on top of each other making it hard to read.

Nguyen Duc Tam
8106
Reply from developer Nguyen Duc Tam 2023.07.19 06:51
Hi, I will add some configurations to customize dialog and text size. Thanks for your support! Update: I finished adding Display Scale configuration to the EA and you can now configure the EA to display properly.
BBateman
35
BBateman 2023.06.06 16:41 
 

Awesome tool! Best one to trade news :)

Jayanth26
37
Jayanth26 2023.02.20 20:33 
 

Would you be able to make it so futures are also supported? Is there anyway to bypass this restriction? It says MNQH23 is not supported

Nguyen Duc Tam
8106
Reply from developer Nguyen Duc Tam 2023.02.21 11:18
Hi, for now trading unssuported symbols may cause to loss as the EA cannot calculate proper lot size and also stoploss distance. Let me see if we can have a manual mode and we can input the prices and lot size when adding EA to the chart. Thanks for your idea!
mambobambo
255
mambobambo 2023.01.23 23:02 
 

How to setup the EA? any guidance? Open Order gives error 4756.

Nguyen Duc Tam
8106
Reply from developer Nguyen Duc Tam 2023.01.24 07:17
Hi, error 4756 means invalid stop loss price, you received that error from which currency pair? And please next time if you have any question, feel free to message me instead of giving a 1 star rating, thanks.
paddock
305
paddock 2022.11.29 06:25 
 

As with the flash order this is a winner and for free. Can't thank the author enough for making life easy. It's a shame other people don't leave reviews for all the hard work these people put in and share with us.

Nguyen Duc Tam
8106
Reply from developer Nguyen Duc Tam 2022.11.30 03:26
Thank you! I'm happy when my tools can help other traders
orlando.ribeiro.geo
71
orlando.ribeiro.geo 2022.11.18 20:38 
 

I discover this ea from yours CJ Flash Order MT5. Man, you are an excelent coder. Another very simple and easy ea. Good looking and runs smoothly. Thank you again.

Nguyen Duc Tam
8106
Reply from developer Nguyen Duc Tam 2022.11.30 03:25
Thank you :)
Reply to review
Version 1.3 2023.04.28
- Backtesting with inputs ready
- Add "Entry distance" to custom enter price, despired from Stoploss distance
- Bug fixes
Version 1.2 2023.02.01
- Update alerts
- Display warning for unsupported currency pairs (symbols)
Version 1.1 2021.12.30
- Auto calculate order's lot size
- UI improvement