EA News Scalper

Overview of EA News Scalper

• EA News Scalper is designed to trade high-impact economic news, specifically targeting major currency pairs like EURUSD, GBPUSD, and commodities such as gold.
• This expert advisor (EA) works by placing pending orders shortly before a news release, hoping to capture significant market movements.
• It utilizes a smart averaging strategy to manage trades effectively after the price breaks out of the set levels.

Key Features

• Pending orders are placed 10 pips above and below the current market price, aiming to catch volatility spikes.
• The EA includes options for using stop loss and trailing stops to maximize profit while minimizing risk.
• Highly customizable settings allow traders to adapt the EA to their trading style and preferences. ⚙️

Performance and Results

• Designed for real-time operation, the EA must be set in "mode_Real" to function correctly.
• Due to its reliance on news events, it cannot be thoroughly tested in the strategy tester.
• Live results can be monitored through connected news websites, making it imperative to adjust settings according to news schedules.

Recommended Usage

• Best employed during periods of high market volatility connected to major economic announcements.
• A VPS is recommended for running the EA continuously without interruptions.
• Traders should carefully monitor economic calendars to align trading efforts with relevant news events. 📈

Installation and Configuration

• Install the EA on MetaTrader 4 and ensure the "Allow WebRequest" option is enabled in the settings.
• Input necessary URLs to fetch news data effectively.
• Settings must be configured appropriately for different brokers to account for variable spreads and execution speeds.

User Community and Support

• Traders are encouraged to connect with the EA's community for sharing preset files and strategies.
• Support is offered post-purchase, including access to manuals and additional bonus EAs for enhanced trading strategies.
• Feedback and reviews from the user community help in the constant improvement of EA features. 🌟