News Trade EA MT4

The Forex market is a dynamic environment that requires the right tools and strategies for successful currency trading. One such tool is the News Trade EA MT4, a reliable Forex trading robot that has been utilized by traders for several years. This Forex software offers both semi-automatic and fully automatic modes, providing flexibility based on the trader’s preference and experience.

Automated Trading with News Trade EA

The News Trade EA MT4 is designed to leverage economic calendar news for trading. This Forex trading robot is not testable in the strategy tester, but its real-world performance can be monitored. It requires the addition of the news site to the list of allowed URLs in the terminal settings. This ensures the EA has access to the most current economic news, which it uses to make informed trading decisions.

Trading Strategies and Settings

The News Trade EA MT4 is most effective when used with GBP pairs such as GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, and GBPCHF. GBP is a volatile currency, offering more opportunities for successful trades. The robot opens pending orders before the news of the currencies of the currency pair, excluding GBP, to avoid simultaneous order openings.

Furthermore, the News Trade EA MT4 is configured to consider high importance news. For a more aggressive approach, traders can adjust the settings to include medium importance news and GBP news as well. The EA opens pending orders 60 seconds before news is published and deletes unworked pending orders 20 seconds after the news publication.

Advanced Features and Flexibility

The News Trade EA MT4 also provides an option to avoid opening orders during high and medium importance speeches. However, for more trades, these settings can be adjusted. The robot uses LIMIT orders at a distance of 2.5 points from the price, anticipating fake price movements before news publication.

Recognizing the varying volatility during news, the EA does not use a standard SL for all trades in fully automatic mode. Instead, it gives a day to close positions at TP equal to 5 points. If the position is not closed within a day, an averaging order is opened, with a maximum of three positions for one currency pair.

Customization and Control

The News Trade EA MT4 allows traders to set the maximum drawdown as a percentage of the account balance for each currency pair. The parameters in the last block “consider other positions” are designed for joint work with other Expert Advisors, making the News Trade EA a versatile tool that can be added to a general profile of experts.

FAQ

Where can I see independent testing of the News Trade EA MT4?
Independent testing of the News Trade EA MT4 can be viewed on the forexroboteasy.com website.

Can I subscribe to updates on the testing results of the News Trade EA MT4?
Yes, you can subscribe to updates on the testing results of this product on the forexroboteasy.com website.

Can I share my experience of using the News Trade EA MT4?
Absolutely! Sharing your experience of using this product can provide valuable insights to other traders.

This review is an independent analysis of the News Trade EA MT4, a reliable Forex robot for automated trading. It does not represent the views or experiences of any single individual or organization. It is always recommended to do your own research and testing before utilizing any Forex trading tool or strategy.