News Dominator
- Experts
-
Oshawn Y Bailey
**MQL5 / MT5 EA & Indicator Developer** - Version: 1.10
- Activations: 5
High Impact News EA
Trade only the major economic releases, using the actual data.
High Impact News EA watches the built-in MQL5 Economic Calendar and trades only high-impact events for your chart symbol (for example NFP, CPI and rate decisions). It does not trade the rest of the day.
How it works
- Before the release it shows a trade prediction based on forecast vs previous.
- At the release it reads the actual figure and decides the direction from the data, and combines several simultaneous releases into one vote.
- Price confirmation: it only enters once price moves in the data's direction from the pre-news price.
- Trade source label: the dashboard shows Our Prediction when the data matched the prediction, or News Data when the data decided the trade.
On-chart dashboard
- The high-impact news it is waiting for, with a live countdown
- Upcoming news with forecast and previous values
- The predicted trade: direction, lots, entry, SL and TP
- The actual trade, with its source label and running or closed profit
- Prediction accuracy counter and a look-back history of recent events (oldest records are dropped automatically to save memory)
Risk management
- Lot size from a risk percentage per trade, or a fixed lot, adjusted to each symbol's limits
- ATR-based stop loss and take profit that respect the symbol's stop level and spread
- One trade at a time, optional breakeven and trailing stop, and a maximum holding time
- No martingale, no grid, no averaging
Main settings
| Setting | Purpose |
|---|---|
| Risk % / Fixed lot | Position sizing |
| SL (x ATR) / RR | Stop loss and take profit |
| Min move (x ATR) | Price confirmation after the release |
| Only / Exclude keywords | Choose which events to trade |
| Max hold minutes | Time-based exit |
| History rows / keep | Dashboard look-back size |
Notes
- Best on FX pairs and metals such as EURUSD, GBPUSD and XAUUSD. Indices and stocks are not supported.
- Requires a terminal connected to the broker so the MQL5 economic calendar can sync. No DLL or web requests are used.
- The Strategy Tester has no economic calendar, so tests use a simulated news schedule and price reaction. Real data behavior can only be seen on a demo or live account.
- Spreads and slippage widen around news. Test on a demo account first.
Risk warning
Trading involves substantial risk. This EA does not guarantee profit, and past or simulated results do not guarantee future performance. Only trade with money you can afford to lose.
