Simple News
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Simple News
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
The Expert Advisor places a grid of orders in both directions five minutes before the specified time (news release time). Once the orders trigger the EA trails the Stop Loss order. Ten minutes after specified time the EA deletes the untriggered pending orders.
EA Parameters:
news_time — news release time.
amount of deals — the amount of pending orders to be opened in each direction after a step.
step between them — the step between the orders to be opened in one direction.
distance from current price — the distance between the first order and the current price.
trail sl (in pips) — the value of the Trailing Stop of the Stop Loss order, activated after the order is opened by market.
take profit from order price — the value of the Take Profit order.
tolerance for trail — tolerance for the Stop Loss order change during trailing. Required to decrease the amount of calls to the server.
magic number — the unique magic number of the order grid.
lot size — the size of the positions to be opened.
