NEWS TRADER EA FOR MT4
This EA is specially designed for trading the news events, while trading the news we traders face some problems like :
- Increase of spread
- High slippage
- SL hunting
- Fast execution speed we need
- Etc Etc
So this EA eliminates all the above problems while trading the news, it has all these settings implanted inside this EA so that traders can set those settings according to their need and according to broker to broker. Watch the whole video carefully to understand working and using of the EA
How To Use :
- Drag and drop the EA on the chart on which you want to use the EA before news
- Make the settings inside the EA according to your broker and need (always set spread 4 pips above the normal spread of currency and same with SL at breakeven pips)
- When there is 1 minute left before the news set one trendline where you want your BUYSTOP to gets activated and set one trendline where you want your SELLSTOP to be activated
- When there are 10 seconds left before the news turn the "Auto Trading" button "ON"
- Once your trade is in profit, close the trade manually at the desired number of profitable pips
Input Parameters :
- StopLoss_Pips : You can set the stop loss value of the trade to trade the news (By default it is set at 4 pips)
- TakeProfit_Pips : You can set the take profit target of the trade to trade the news (By default it is set at 100 pips)
- BreakEven_Pips : This EA puts SL at break even after the input number of trade moves into profit (By default it is set at 4 pips)
- MagicNumber : This is of no use, do not change
- TradeSize : This setting is for changing the lot size of the trade you want EA to take (By default it is set at 0.10 lot)
- MaxSpread : If the spread is more than the input number of pips, EA will not open any trade and save you from opening at wrong price because of increase in spread during news (By default it is set at 3 pips)
- MaxSlippage : If there is slippage happening at the time of news this will save you from getting slipped, EA will not open any position if there will be slippage above the input number of pips (By default it is set at 3 pips)
- MaxOpenTrades : Do not change this setting (By default set at 2)
- MaxLongTrades : Do not change this setting (By default set at 1)
- MaxShortTrades : Do not change this setting (By default set at 1)
Account Specifications :
- Minimum Account Size : Any
- Type Of Account (Hedge/Non-Hedge) : Any
- Broker : Any
- Trading Time : Highly volatile news events
- Fully Auto EA Or Manual : Semi Auto (Watch The Video Of The EA To Understand)
THIS EA CAN SAVE YOUR 1000s OF DOLLARS FROM GETTING HUNTED AT THE TIME OF NEWS TRADING. WATHCH THE FULL VIDEO OF THE EA, IF YOU HAVE FURTHER QUESTIONS YOU CAN CONTACT ME HERE ON META TRADER. CHEERS.
Contact Links :
You can join us on youtube daily for live trading : https://www.youtube.com/channel/UCZTlq7GD8mTFhJbhxeGdVjA
Instagram : https://www.instagram.com/globaltradelive/?hl=en
Telegram : https://t.me/GLOBALTRADELIVE
