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BF News Trader EA

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!


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!

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Discounts are currently available!!! Discount 389 9.8-9.13 Final price will be 990$ MT5= https://www.mql5.com/en/market/product/71137 Hello I am a programmer with 10 years of EA programming. I have developed many strategies, but there are only a few strategies that can be used. The strategy I am releasing now is an all-day trend strategy that I am more satisfied with. This strategy has minimum stop loss and maximum stop loss, and trailing stop loss The maximum stop loss is 68 This is an all-d
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Marat Baiburin
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Elizaveta Erokhina
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SIEA Pro MT4
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Daniel Stein
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Pak Hong Poon
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Torpedo Gold
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Big offer: only for 3 days ( till 21 /09/2021 ) price  at  159$ Monitoring HERE If you have bought ANY of my Products then you are ELIGIBLE TO JOIN the Private group !!! TELEGRAM group: send me message to add you to our community PRIVATE GROUP(unfortunately there are a lot of scammers to public ones...) Torpedo Gold is my new NEURAL network project using advanced parameters for finding entries such as distances,Candle sizes,candles formations,break outs in an advanced way etc.
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INREXEA LIMITED
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Market Reversal Alerts EA
LEE SAMSON
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EA Antivirus
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Vasiliy Strukov
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Mood EA
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Vasiliy Strukov
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Versión 1.2 2021.07.23
Some small changes.
Versión 1.1 2021.04.15
I have made some improvements in the EA code. I have also fixed a small bug.