simple news
Info
The simple news is a Expert Advisor for MetaTrader 4 that 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.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install 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.
What this tool does
the expert advisor places a grid of orders in both directions five minutes before the specified time (news release time).
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: e-news-lucky$ - automated news trading expert advisor - another powerful expert for MetaTrader 4 traders.
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.
Also recommended: simple trailing position management library - similar expert with strong performance on MetaTrader 4.
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.
You may also like: simple trailing stop - excellent alternative for expert users on MetaTrader 4.
Source Code
#property version "1.0"
#property copyright "robotfx"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property strict
input datetime news_time=d'2015.11.06 14:30';
input int
deals=3, //amount of deals
delta=50, //step between them (in pips)
distance=300, //distance from current price.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.