MyNewsTrader

MyNewsTrader is a powerful and fully automatic EA that trades during news times.

Due its heavy customization ability you can make it trade on your own your pre-defined strategy using market, stop or limit orders, advanced targets and different trail types.

It is designed to run as a 'set and forget' EA meaning you don't have to type in any event times to trade, but you can also use it as a manual trader with its on chart buttons.

There is built in event scanner that will look for string matches in the news title and only trade those events it has a match for.

Signals

• https://www.mql5.com/en/signals/151740

General settings

• Order comments
• Magicnumber - 0=autogenerate
• Broker to GMT offset hours - important! example: -2 is when gmt is 2 hours behind brokertime
• Maximum spread allowed - 0=any
• Slippage - 0=any
• Trade direction - choose trade directions
• buy
• sell
• both
• Order type - choose ordertype to use
• marketorders
• stoporders
• limitorders
• Ecn method - sl/tp is set after order becomes a market order
• Stealth orders - hide sl/tp from broker, you can also use this if your broker has minstop limitations

News settings

• Include High impact - include high impact news
• Include Medium impact - include medium impact news
• Include Low impact - include low impact news
• Include USD news - include USD events even if the current symbol is non a non USD
• TradeEventStr - search for stringmatches in event name to trade. example "FOMC, CPI, Retail Sales". leave empty to include all events
• SkipEventStr - search for stringmatches in event name to not trade. example "speaks, Speaks, Conference" leave empty to disable this filter
• Show newstime verticle lines - show vertical lines when news times are on chart
• Open orders +/- seconds to newstime - create/open order this many seconds to (+) or before (-) news. example: -5 will create orders 5 seconds before newstime

Trade settings

• Order counter per side - how many orders above and below price to create. only works if stop/limit orders are chosen
• First order distance/entry - how many points from price to create first pending orders. or after how many points price have to move to enter marketorder.
• Order to order distance - how many points between pending orders
• Delete pending order after seconds - all pending orders will be deleted or it will not enter marketorder after this many seconds
• Stoploss - 0=no stoploss
• Takeprofit - 0=no takeprofit
• First target - 0=disable first target. if disables Takeprofit is only target
• First target partitial close percentage - close this pecentage of active lots when first target is hit
• First target move to Breakeven - enable/disable move stoploss to breakeven if first target is hit
• Trailing distance - trailstop distance (0=disable trailstop)
• Trailing jump - trailstop jump/step (0=disable trailjump)
• Trailing candle - enable/disable last candle trail mode
• Trailing fractal - enable/disable fractal trail mode
• Trailing fractal and psar - enable/disable psar mixed with fractal. only works if fractal tail mode is enabled
• Trailing indicator timeframe - choose witch timeframe to get values from if candle/fractal/psar trail mode is enabled
• Breakeven - move stoploss to breakeven after this many points (0=disable)
• Breakeven jump - breakeven locks in this many points in profit (0=disable)

Money management

• Lots method - choose lots calculation method
• fixed_lots
• margin_mm
• risk_mm
• Lots value - lots size or percentage depending on what Lots_method you have chosen

Tradetime settings

• Daily start hour
• Daily stop hour
• Monday start hour
• Friday stop hour - don't create orders after this hour
• Friday close hour - close and delete all orders at this hour