Forex News Trader is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then Forex News Trader will trade that news by selected strategy automatically when the news comes. This tool uses unique technology to load data with full details from popular forex websites.
Currently, it supports 3 news feed data sources: Moreover, it also marks the news release points on the chart for further review and research. Forex News Trader support up to 5 advanced strategies that effective with news trading. The order controlling is very professional and absolute automated. Moreover, you can use it as a powerful tool to trade manually with those automated strategies. News release gives opportunity to have pips since the price usually has big move at that time.
Now, with this tool, trading news becomes easier, more flexible and more exciting than ever. No waiting, no missing, no confusing anymore.
Just setup for important news once a week, and this tool will trade all those news exactly as you planned. But only a maximum total amount of simultaneous accounts is allowed to use the product at the same time. The best news EA here with different strategies to trade the news. Well designed panel which keeps things clean and tidy within one window. It has multiple strategies out of the box for you to trade.
I absolutely love this EA and I will highly recommend it to anyone… and for those who think this is just a news EA, its more than that. I just used it to scalp few pips on my live account while testing it, and it worked like a charm.
I must say that the developer is very understanding and will always be there to support. I am satisfy with it and I will like to recommend it to my friends. Ralph Holdermann Somewhere Manual Guide. Switch to Input tab, enter your registered email address and activation key in order to activate your license. It will remember your license info, so just leave the license blank next times. After installation, you will see the news listed on the panel. You can choose viewing options right on the panel and it will take effect immediately.
All news of the current day with selected time zone will be shown. Select timezone that time factor of news will be converted to. Standard timezone that usually used by data source. Move to nearest upcoming news that going to be released.
Select which data source will be connected to load the news. Currently, there are 3 data sources available: Set the amount of minutes that program will alert before an upcoming news release. Allowed time to alert: Set the period of time when alerts are allowed usually, it should be day-time of your local time. The program will not alert you out of this period in order not to disturb you at night time. Show news on chart: Mark the news release points on chart.
The identification of marked points are set as follows:. High impact Medium impact Low impact;. Select the font size that fits with your screen resolution. Click to any upcoming news in the list, strategy setup panel for that news will popup. This strategy is very simple, just predict the market move direction after news release, then set it to open Buy or Sell order before news release.
This method can maximize the profit and avoid slippage because order is opened when market is still silent, but it also can whipsaw your account if you choose the wrong direction in big news. This is for one who likes to take risk. This is typical strategy that places two opposite pending stop orders before news release to catch the breakout.
Regardless of direction of the price move, we expect a large jump and it will trigger one of the pending orders. In some rare cases, some traders may want to use limit orders instead of stop ones, to catch the reversion of a price move. Similar to pending trap strategy, but grid pending trap strategy sets a series of pending orders like a grid.
This strategy catches the price move in smaller parts and sums them up in the final result. This is great when combining with news, when the price usually has big move. However, do not set the initial lot size too large since if there are spikes on the news, your account will be margin called before price moves in one direction. Based on actual report: This strategy is suitable for important news that impact the market in mid to long-term.
Trigger time before news release: The number of seconds before news release that strategy will be executed. If you want to test the strategy or trade manually without waiting for news release, just set this factor at a big number such as , then it will execute the plan right after you apply.
Start trailing stoploss level with a fixed distance when that trailing stoploss level is far at number of point from entry point.
This helps you to avoid unwanted stoploss when spread is widen. If you have further concern, please leave your question at our contact page. Compare with our other products. Setup to trade the selected news automatically with flexible strategies and parameters. This is an amazing EA. I have just purchased this EA and I am very happy with it.
Andrew Pepera United Kingdom. This is a nice EA. Viewing options After installation, you will see the news listed on the panel. All news of the current week will be shown. Select which impact level of news will be shown. Select which related currency of news will be shown. The identification of marked points are set as follows: Strategy setup panel Click to any upcoming news in the list, strategy setup panel for that news will popup. What can Forex News Trader do?
Forex News Trader is a unique robot that allows you to trade the news by your predefined strategy and parameters automatically when the news comes. How can I backtest this EA? You cannot backtest this EA because it requires your interact and the data feed in real-time.
Instead, you can register trial license to use it for free in 7 days before purchasing. Which strategy and parameters should I choose to get most effect in news trading?
This tool is not a fully automated robot, it requires your trading setup for each news to work. So, there is no given recommendation on strategy or parameters.
Fully automated update data. Support multiple data sources. Flexible news events filter. Non-disturb alert not alert at night. Visually show news events on chart. Auto and manual refesh data. Support 5 advanced strategies. Flexible trading parameters for each strategy.
Support grid and martingale controlling. Trading setup plans are managed independently. Can be used as manual trading planner. Auto update new version. Support both MT4 and MT5 platform. Support silent mode not alert at night. Setup trading strategy for each news event. Trade the news automatically at news release.
Support 5 advanced news trading strategies. Flexible parameters for trading strategies. Can be used as a manual trading planner.More...