Reaper news high impact

Reaper News High Impact

https://drive.google.com/file/d/15SbKfhSN-OcEmmXxD4b_pgMbA6kgdGrB/view?usp=sharing

Be ready for the market’s biggest moments, automatically, at the exact second you choose.

Reaper News High Impact is an Expert Advisor for MetaTrader 5, built for XAUUSD (gold). It is scheduled around high-impact economic releases such as NFP, CPI and Fed rate decisions. Set the time once, and the EA acts on its own.

Why traders choose it

• Exact-time execution. The EA acts at the hour, minute and second you set. No manual clicking during fast markets.
• Same distances on every broker. All distances are in pips (1 pip = $0.10 on XAUUSD), so your settings mean the same thing on Exness, IC Markets and others, whatever the number of decimals.
• Simple time setting. The time is read from your computer or VPS clock. You never have to calculate your broker’s time zone (see the guide below).
• Built-in protection. Adjustable Stop Loss, Take Profit, break-even and trailing stop.
• Optional economic-calendar feature. On days with a relevant event, the EA can use the MetaTrader 5 calendar. You can switch it off with one setting.
• Clean, short list of settings. Every input has a clear name and a safe default.

Requirements

• MetaTrader 5, chart: XAUUSD (any timeframe, M1 recommended).
• Algo Trading enabled.
• An ECN / low-spread account is recommended.
• A VPS is recommended so the EA is running at release time.
• For the calendar option, open the Calendar tab of the Toolbox once so the terminal loads the data.

How to set the trigger time

1. Take the release time in UTC:
   • 08:30 New York (NFP, CPI, PPI, retail sales): 12:30 UTC in US summer time, 13:30 UTC in US winter time.
   • 14:00 New York (Fed rate decision): 18:00 UTC in summer, 19:00 UTC in winter.
2. Add the UTC offset of your computer or VPS (for example +1) to get its local time.
3. Subtract 10 to 30 seconds and enter the result in the three Trigger inputs.

Example: NFP in US winter time on a computer set to UTC+1 is 14:30, so enter hour 14, minute 29, second 40.

Inputs

• Lot size (0.6): size of each position, in lots. Start small.
• Trigger hour / minute / second (PC clock) (13 / 29 / 50): time at which the EA acts, on the clock of the computer running MetaTrader 5.
• Entry distance from price (pips) (100): entry distance from the current price. 100 pips = $10.
• Stop Loss (pips) (10): Stop Loss distance.
• Take Profit (pips) (100): Take Profit distance.
• Pending orders lifetime (minutes) (1): how long unexecuted orders stay valid before they are removed.
• Magic number (2002): identifier of the EA’s trades. Use a different number for each chart.
• Enable break-even (true): moves the Stop Loss to the entry price once the position is in profit.
• Break-even trigger (pips) (20): profit needed to activate the break-even.
• Enable trailing stop (true): lets the Stop Loss follow the price.
• Trailing stop distance (pips) (20): distance of the Stop Loss behind the price.
• Enable economic calendar re-entry after SL (true): turns the calendar option on or off.
• Calendar currency (USD): currency of the monitored calendar events.
• Event name keywords (separated by ;): text searched in the calendar event name. Change it only if your terminal shows a different event name.
• Max re-entries per day (1): daily limit for the calendar option.
• Re-entry Stop Loss (pips) (30): Stop Loss used by the calendar option.
• Min loss to allow re-entry (account currency) (10.0): minimum loss, in your account currency, for the calendar option to activate.

Important

Trading CFDs on gold is risky, and economic releases can cause fast price jumps, wide spreads and slippage: orders can be executed far from the requested price. Past results do not guarantee future results. Test on a demo account first, and only risk money you can afford to lose.