Trap News
This tool for MetaTrader 4 is specifically engineered to streamline your trading operations. This script functions as a utility program designed for specific, one-time execution tasks. It is utilized to perform targeted actions, such as closing all open orders, managing chart objects, or executing custom administrative commands on demand.
How to Setup and Use Trap News
1. Installation: Move your script file into the MQL/Scripts directory and restart the platform.
2. Execution: Drag the script onto a chart; it will perform a one-time action, such as closing all open orders or clearing chart objects.
3. Editing: Use MetaEditor (F4) to modify code, click "Compile," and verify no errors appear in the terminal before running.
4. Removing: Scripts stop automatically, but you can remove them manually by right-clicking the chart and choosing "Remove Script."
Frequently Asked Questions
Q: How are scripts different from EAs? A: Scripts execute a single action and then stop; EAs monitor the market and trade continuously.
Q: Can I assign a hotkey to a script? A: Yes, right-click the script in the Navigator, select "Set Hotkey," and define your preferred keyboard shortcut.
Q: Why did my script stop? A: Scripts are designed to stop immediately after finishing their programmed command; this is normal behavior.
Description & Settings
Use this script 2 minutes before high impact news pip moving faster FOMC, NFP, RATE BANK or else, for 4 digit broker
It places Buy Stop and Sell Stop orders.
Just click it or set on key right click the script and set it ctrl + 1 and your ready to follow the big impact news.
It has Stop Loss if market change direction and have Target.
Recomendation:
Use just for RED news only.
If in 3 minutes after news didn't touch the buystop and sell stop then the market didn't moving faster delete the position buystop and sell stop and waiting for another news.
