Author: Born2Trade (Original work by American Financial Institute)
Are you looking to take your trading to the next level? The Auto News Trader for MetaTrader 4 might just be the tool you need!
This nifty Expert Advisor (EA) is designed to capitalize on the volatility that often accompanies major news events. It employs a straddle strategy, which means it places both long and short stop orders ahead of a scheduled news release. This way, you can potentially profit regardless of which direction the market moves.
One key feature of this EA is its ability to filter news based on the currency pair you’re trading. For instance, if you’re trading EUR/USD, it will only execute trades that are relevant to either the Euro or the US Dollar. This targeted approach helps in managing risk and increasing the chances of a successful trade.
Getting Started with Auto News Trader
- Download the EA and place MarketNewsLib.mq4 in your experts/libraries folder.
- Put MarketNewsLib.mqh in your experts/include folder.
- Finally, add AutoNewsTraderEA.mq4 to your experts folder.
Once you’ve set everything up, you’ll be ready to harness the power of news trading! Just remember to adjust the importance settings of the news events to suit your trading style and risk tolerance.
Happy trading, and may your pips be plentiful!
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