Filter This MT5

What is "Filter This MT5"?

• "Filter This MT5" is an advanced tool designed to enhance trading efficiency on the MetaTrader 5 platform.
• It primarily focuses on filtering trading signals to avoid false entries during volatile market conditions, especially news events.
• This utility can manage open positions and pending orders, ensuring that traders are not caught off-guard by sudden market shifts caused by news announcements. 📉

How It Works

• The user attaches "Filter This" to any chart, which then monitors the market for specific conditions or news events.
• It utilizes sources like the Forex Factory's economic calendar to implement filters based on news impact and keywords.
• This allows traders to select what currency pairs they want to monitor and adjust filters according to news significance.
• It has a unique ability to manage orders before news events, automatically closing them if necessary, and restoring them afterward. ⚙️

Key Features

• Complete order management for both open positions and pending orders during news times.
• Automatic detection of expert advisors and manual trading setups.
• Customization options for news selection based on various criteria, ensuring a tailored approach to trading.
• Interactive news display to keep traders informed about imminent news events.

Setup and Usage

• Users simply attach "Filter This" to their selected chart and click "Filter Selected" on the main chart to start filtering.
• The setup process is intuitive, enabling traders to begin filtering without extensive technical knowledge.
• For more detailed guidance, users can access tutorial videos or manuals provided post-purchase.

Community Feedback

• Users have expressed satisfaction with improved trading results due to the reduction of false signals.
• Positive reviews highlight the tool's capacity to safeguard investments during high-impact news releases.
• Traders especially appreciate the user-friendly setup and effective management of existing orders during turbulent times.