NewsGuard High Impact News Filter
- Утилиты
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Keisho Yoshida
MQL4 / MQL5 developer from Japan | Expert Advisors, indicators, MT4-to-MT5 conversion
I build trading tools for MetaTrader 4 and 5, with a focus on clean code and verified behaviour.
What I do - Версия: 1.0
- Активации: 5
NewsGuard keeps your account out of the market around high-impact economic news. It reads the economic calendar that is built into MetaTrader 5, so there is no website to allow, no DLL and no external service.
Many prop firms do not allow trading a few minutes before and after high-impact news, and a single release can wipe out a day of profits. NewsGuard handles this mechanically, for manual trading and for every EA on the account, including EAs that have no news filter.
HOW IT WORKS
- Warning: a popup / push notification before the news window starts (default 15 min).
- Window start (default 5 min before the release): positions on the affected symbols are closed and their pending orders deleted.
- During the window: any new position on an affected symbol is closed immediately.
- Window end (default 5 min after the release): trading is free again.
WHICH SYMBOLS
Only the symbols the news touches: a USD release affects EURUSD, USDJPY, XAUUSD, US indices priced in USD, and so on (base, profit or margin currency). Other symbols keep trading.
SETTINGS
- High impact only, or medium and high
- Currencies to watch (default: the 8 major currencies)
- Always include / never include by keyword (e.g. include "Nonfarm,CPI,FOMC")
- Minutes before and after the release
- Action: close and block / block new trades only / alerts only
- Delete pending orders: yes / no
- Magic number filter: manage only one EA, only manual trades, or everything
- Popup and push notifications
- On-chart panel: upcoming news with countdown, current status
INSTALLATION
Attach NewsGuard to ONE chart (any symbol). It watches the whole account. Enable Algo Trading. Keep MT5 running (a VPS is recommended). Calendar times are your broker's server time, the same as your charts.
STRATEGY TESTER / DEMO
The MT5 economic calendar is not available in the Strategy Tester. In the tester only, NewsGuard uses a demo release every weekday at 15:30 and opens demonstration trades, so you can see the warning, the close before the news and the block during the window. This mode never runs on a live or demo account.
IMPORTANT
- Spreads can widen and prices can gap before news; closing a few minutes earlier is safer.
- Calendar data comes from MetaQuotes. Check your prop firm's exact news rules and set the minutes and keywords to match them.
- NewsGuard is a risk-control tool. It does not guarantee profits or that no rule is ever breached.
