automated economic calendar trading advisor
Info
The automated economic calendar trading advisor is a Script for MetaTrader 4 that this advisor is designed to automate routine actions when trading using the economic calendar. knowing the news release time, you can set the advisor to activate at that exact time, also specifying stoploss and takeprofit.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Script works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Scripts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use automated economic calendar trading advisor
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.
What this tool does
this advisor is designed to automate routine actions when trading using the economic calendar.
Typical Use Case
This Script excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Script works on MetaTrader 4. Place the file in the MQL4/Scripts folder and restart the terminal.
Description & Settings
Related: automated market order execution script - another powerful script for MetaTrader 4 traders.
this advisor is designed to automate routine actions when trading using the economic calendar.Also recommended: e-screenshot: automated chart snapshot tool - similar script with strong performance on MetaTrader 4.
knowing the news release time, you can set the advisor to activate at that exact time, also specifying stoploss and takeprofit. three minutes before the news release, the advisor will place two pending orders in opposite directions, 10 points away from the current price. five minutes after the news release, the advisor will remove all pending orders. please note: all pending orders means all orders on the account, not just those placed by the advisor.
it is recommended to use a one-minute timeframe.
it is also worth noting that the advisor is single-use, meaning one initialization per news event. after the news time has passed, you need to reattach it to the chart with new parameters.
the time used is the terminal's time, so it is advisable to verify time zones.
this trading tool is intended for use with metatrader 4 and metatrader 5 platforms and was last updated in 2026.
You may also like: cm sl nl tp: automated order management for mt4/mt5 - excellent alternative for script users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
input datetime don;
input double lot;
input int tp=15;
input int sl=15;
datetime openorder;
datetime closeorder;.......
⚠ 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.