Hey there, traders! If you’re looking to harness the power of market news and volatility spikes, News Trader EA might just be your next best friend.
We all know that when major news hits, trading volumes can skyrocket. That's why I created this EA to capitalize on those volume spikes. It primarily uses the Commodity Channel Index (CCI) along with a candlestick filter to identify trends, helping you avoid those pesky overbought or oversold situations. This means you won't be late to the party when it’s time to enter a trade!
How to Use News Trader EA
Let’s break it down:
- Imagine it’s the start of a new trading week and you suspect that EUR/USD might be in for a rough ride. You’d open an H4 chart for EUR/USD and attach the Volume EA sell to that chart.
- On the flip side, if you’re feeling bullish, you’d attach the Volume EA buy.
- Not quite sure? No worries! Just open up two H4 windows and attach both EAs. This way, you’re covered no matter which direction the market swings!
Areas for Improvement
- I’m not a coding whiz, so I haven’t figured out how to merge the two EAs into one. If anyone has tips on how to add a function filter for exclusive buy or sell signals, I’d love your input!
- The EA includes a time-close function, but I’m still missing a solid stop-loss feature. I haven’t cracked how to set a valid stop-loss with an ECN broker yet. Any coding help here would be greatly appreciated!
- If you have any brilliant ideas on how to enhance the code, feel free to share! All contributions are welcome.
Let’s keep the conversation going and make this EA even better together. Happy trading!
Comments 0