Forex Auto News Trading Robot

Forex Auto News Trading Robot

Download Category:

on March 31, 2024

This Forex News Trading Robot is an automated trading system that was designed to profit from important news events that contribute to substantial volatility in forex markets. The basic logic of the system is grounded in a strategy of mean-reversion that makes use of seasonal volatility in the daytime. Contrary to other robots for trading that might require a continuous flow of transactions to function, The forex news from Trader Robot is more specific. It will only be on the market a few minutes prior to a highly impactful news event that is anticipated to take place, which maximizes the chance of generating huge returns and minimizes the risk of exposure.

Auto News Trader EA uses algorithms to identify the entry and exit points of the market. Contrary to other software, however, it does not include grids or martingaletics. Every trade is completed using market orders and a defined stop-loss that protects investments from unexpected market volatility.

Forex Auto News Trading Robot

Features of the Forex News Trading Robot

One Chart Setup

This Forex News Trading Robot is made to be easy and efficient. The traders do not require multiple charts for different currencies. Instead, an all-in-one chart can be used to trade every symbol, thereby removing the confusion and delivering an easier trading experience.

Multiple currency pairs are supported.

The robot can support various currency pairs, allowing traders to concentrate on the most advantageous trading conditions across different currencies. This could increase diversification and create more balanced and safer portfolios.

Advanced News Filter

The News Trader Robot comes equipped with an advanced news filter. This means that it will only trigger trades likely to be affected by news events that have a high impact. Additionally, this feature can be tested in the retrospective strategist tester to evaluate its efficiency and maximize performance.

Auto GMT detection

Another great characteristic of this robot is auto-GMT detection, which automates the adjustment of the trading time according to its Greenwich Mean Time (GMT) to ensure that the robot is able to enter the market at the right time regardless of the local time zone.

Recommendations for Auto News Trader

  • A minimum balance on the account is at least $100.
  • This EA is a single chart configuration. It’s therefore only required to connect to one pair. It trades with all pairs listed in its input parameters.
  • EURUSD is recommended, and if your broker has the suffix (e.g., EURUSD.a), then you must change the names in the symbol parameter.
  • It is best to use USDGBP and EURUSD in addition to EURGBP (work with every currency pair).
  • Work Only on M5.

Forex Auto News Trading Robot

Open Tools –> Options –> Expert Advisors. Check the option “Allow WebRequests for listed URL” Add the URLs on the “WebRequest URL List” and press “OK.” The EA takes news from the specified websites.

Backtesting the EA

To backtest the Auto News Trader Robot, traders must copy a specific file named ‘NewsEvents.txt’ to the MT4 directory. Here is how you can do it:

  1. Navigate to C:\Users\[UserName]\AppData\Roaming\MetaQuotes\Terminal\Common\Files
  2. Copy the ‘NewsEvents.txt’ file.

Once the ‘NewsEvents.txt’ file is in place, traders can proceed to backtest the Expert Advisor to understand its performance metrics and make any necessary adjustments.

Share Your Valuable Opinions

Latest post