NEWS BOT Conversion from MT4 to MT5

EA in MQL4 will be provided. Function must match the specifications (News bot SPECIFICATIONS copy.pdf). EA's function in MT4 may be different than the desired results/ specifications and MUST be modified to match the specifications thus will have the desired results. MQL4 EA MUST be tested by the developer to see the results(roughly). Fluent English is a MUST since developer will have intense communication in English with the buyer.

News trading Bot - SPECIFICATIONS The EA will be a forex expert advisor, compatible with the MetaTrader 5 platform, and will work by automatically placing pending orders when specific preset conditions are met. The development of this robot must be based on logic flaws and simplicity, for maximizing its performance and eliminating, as much as possible, the chances of failure. The EA’s single strategy is to trade during significant economical news events, by placing pending stop orders, or market orders (depending on which version) on both sides of the current price – Buy and Sell orders – with the sole purpose of capturing the market’s significant movements at the time of news announcements. The EA will be designed to start running seconds before News Time, and will only open one trade at a time . It will work on 1 minute timeframe and will be able to trade any forex pair, by running on the chart it will be attached to. For distance measurement, the EA will use points - 10 points equal 1 pip. The EA will always use the local PC time for all trades. The EA will NOT use classical stop-loss, neither takeprofit orders. To exit the trades the bot will only use a new tool, which is similar to the trailing-stop but allows several types of adjustments. We are going to further call it Trade-Stop. This new tool must be built and integrated with the EA, and should work on the following logic: - Anytime when there are open trades, the new tool will measure the price pull backs. - When the price would reverse with the preset length (in points), this tool will instantly send a Close Trade Order to the MetaTrader platform. - It will be designed to monitor either type of price we want to set, Bid price or Ask price, regardless if we deal with a long or a short trade. This new tool should not be viewed through the logic of the usual trailing-stop with a line behind it that follows the price. The closure of trades should only be based on measuring the length of price reversals.