Hey traders! Today, I want to introduce you to a handy tool I developed for trading during news releases – the News Hour EA. This Expert Advisor is designed to help you navigate the often-volatile market conditions that come with high-impact news events.
How It Works: This EA isn’t fully automated – you’ll need to set it up just right. Make sure to configure your settings one minute before the news release, including your lot size, stop loss (s/l), and take profit (t/p).
Important: Always ensure that your time settings align with your broker’s MetaTrader 4 server time!
Once you’ve set it up, you can sit back and let it do its thing. While I can’t promise that this EA will yield reliable profits, I’ve found that it performs well when you set everything according to the latest news updates.
Latest Updates:
- Version 2: Added Magic Number feature.
- Version 3: Introduced an option to change the expiry time for pending orders (just keep in mind the expiry time in minutes).
Input Parameters:
StartHour = 1; // Starting Hours StartMinute = 1; // Starting Minute News Released time (-1 minute) DelaySeconds = 5; // Default 5 seconds Lots = 0.1; // Lots Size StopLoss = 20; // StopLoss TakeProfit = 50; // Take Profit PriceGap = 10; // Price Offset TrailStop=false; // Enable/Disable Trailing TrailingStop = 20; // Trailing Stop Value in Pips TrailingGap = 10 // Trailing Gap in Pips BuyTrade=true // True=Enable Buy Trade; False=Disable Buy Trade SellTrade=true // True=Enable Sell Trade; False=Disable Sell Trade
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