News HighLow Fib Reversal

Logic:


On the time of the latest news as is released weekly on the forex factory api (https://nfs.faireconomy.media/ff_calendar_thisweek.xml) the MT4 expert advisor will wait for retracement to the recent high or low then when a reversal signal is produced an entry will be executed with the stop loss being 40 pips below or above high or low and the take profit being on the opposing high or low.


The EA will mark the time of news events based on the selected pair. If the GBPJPY pair is selected then the EA should load the Asian events for the week. If GBPUSD, EURUSD or XAUUSD pair is selected then the EA should load all US based events. The same goes for British and Australian events.


The reversal signal will be valid only if within the desired Fibonacci price range and high low price range. 


The execution of entry, stop loss and take profit will be effective on price close on a lower time frame to combat slippage and manipulation.



Demonstration


This the settings required to fetch News and Time.


Tools>Options>Expert Advisor>Allow Web Requests:


https://nfs.faireconomy.media

https://www.worldtimeapi.org


Documentation:

https://docs.google.com/document/d/1mnzKTRwXP5I-HGb7WfoZvFXRbfEpEVer65qNMg7pqLY/edit?usp=sharing




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MQL TOOLS SL
4.72 (43)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
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Manpreet Singh
4.93 (257)
Experts
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Vladislav Andruschenko
3.97 (30)
Experts
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Stanislav Tomilov
5 (11)
Experts
Vortex Turbo — « Maîtrisez la tempête — contrôlez le Vortex » Vortex Turbo représente la prochaine étape de l'évolution du trading intelligent : une solution unique qui fusionne une architecture d'IA de pointe, une logique de marché adaptative et un contrôle précis des risques. Reposant sur des principes algorithmiques éprouvés, elle intègre de multiples stratégies au sein d'un écosystème unifié à haute vitesse, alimenté par une intelligence prédictive d'un niveau inédit. Conçue comme une solut
Aura Neuron MT4
Stanislav Tomilov
4.67 (15)
Experts
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Adaptive Gold Scalper MT4
Fan Yang
Experts
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Monster92
Sibongakonke Mongezi Mafunda
Experts
Latest test done on GBPUSD H4. Check screenshot for results. Minimum Deposit $30 Uses MA cross over strategy to analyses M5 and H4 timeframe simultaneously. The indicator used : Slow MA 30 Fast MA 2 Money Management Uses Martingale - the lot size is multiplied after each loss trade. Holds trade for average of 3 hours and takes small loss to protect account. Very stable and not affected by slippage and network latency errors. The EA is very active in market places more than 8 orders per day wit
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Moving Average Convergence/Divergence (MACD) The relationship between two exponential moving averages (EMAs) of the price of a securities is displayed by the trend-following momentum indicator known as moving average convergence/divergence (MACD, or MAC-D). The 26-period EMA is subtracted from the 12-period EMA to calculate the MACD line. Features: Each entry has TP and SL to protect account. Setup: MAGIC: for EA entry identification fast_ema_period: entry detection slow_ema_period: entry det
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Sibongakonke Mongezi Mafunda
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Monster AI
Sibongakonke Mongezi Mafunda
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Sibongakonke Mongezi Mafunda
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