At this time, purchasing EASY Bot items is not available to all members. Read more - how to get access to purchase

News Filter

Find the Right Edition That Fits You
Scalperology Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 37.65%
7-Day Profit: 35.49%
Support: 24х7 via Telegram
Try Demo 🏆
Breakopedia Ai MT5
Global
Pairs: AUD/JPY
AUD/JPY
AUD/USD
EUR/AUD
EUR/GBP
EUR/JPY
EUR/NZD
EUR/USD
GBP/USD
NZD/USD
USD/CAD
USD/CHF
USD/JPY
XAU/USD
XAG/USD
XBT/USD
30-Day Profit: 24.18%
7-Day Profit: 17.76%
Support: Developer
Free EA🚀

What is a News Filter?

  • A News Filter is a crucial tool in automated trading systems that helps traders avoid significant losses during volatile news events.
  • It analyzes upcoming news releases and adjusts trading strategies accordingly, essentially serving as a protective measure for open trades.
  • This tool is integrated into various trading platforms, notably MetaTrader 4 and 5, allowing traders to operate without the fear of market chaos triggered by disruptive news announcements. 📈

    • Key Features of News Filters

  • Automatic News Detection: The News Filter can autonomously identify significant news events.
  • Customizable Pauses: Traders can set specific time intervals for the filter to suspend trading before and after news releases.
  • Filtering Options: Traders can filter news based on its strength—weak, medium, or strong—as well as by specific currencies and keywords.
  • Alerts and Notifications: Traders receive timely alerts for imminent news events to plan their trading strategies effectively.
  • Visual Alerts: Many News Filters can draw lines on the chart to mark news events, providing a clear visual representation. 📊

    • How Does a News Filter Work?

  • The filter works by monitoring economic news calendars and assessing the potential volatility of news events.
  • Once a significant news event is detected, the filter can automatically pause trading activities.
  • After the news event has concluded, the filter can resume trading based on pre-set parameters.
  • Furthermore, it can manage open positions, closing or adjusting them as necessary to safeguard against adverse price movements.

    • Examples of News Filter Tools

  • News Filter for MT4: This expert advisor works on legacy systems and utilizes data from sources like Forex Factory. It enables customization options for traders to manage their positions effectively during news releases.
  • News Filter for MT5: Similar to its MT4 counterpart but tailored for the newer platform, this tool focuses on economic news filtering to prevent trading during crucial news events.
  • Advanced Options: Depending on the specific needs, some filters allow for the exclusion of specific news types based on keywords or the automatic selection of relevant news according to the currency currently being traded.

    • Benefits of Using News Filters

  • Reduces Risk: Avoids potential losses during unpredictable market conditions influenced by significant news.
  • Increases Trading Efficiency: By pausing unnecessary trades, traders can focus on high-probability setups instead of rushing into risky positions.
  • Peace of Mind: Traders can operate their strategies confidently, knowing they have a protective mechanism in place during high-impact news events. 😌

    • Conclusion

  • In the intricate world of Forex trading, utilizing a News Filter can be the difference between a profitable strategy and a disastrous loss during critical news announcements.

    • Staying awake through market moves is a thing of the past, folks! The News Filter MT5 is here to save you from late-night anxiety and, let’s face it, avoid trading disasters during market-shaking news events. But before you jump in head-first, might there be a catch? Let’s di ...

    Release Date: 01/09/2023

    The News Filter
    MT4 Utilities

    Easy Rating: 5/1

    MQL Rating: 5/18

    Economic Calendar Forex Trading

    Trading doesn't have to be a gamble... unless you love the thrill of unpredictability! Enter The News Filter, promising to protect your precious trades from the wild swings of economic news. Will it be your knight in shining armor or just another shiny distraction? Let’s delve ...

    Release Date: 24/04/2023

    Sign in \ Up
    Sign in \ Up

    Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.