News Trade EA MT5 is a Forex Expert Advisor developed by the Forex Robot Easy Team. This EA is designed to trade news events in the Forex market. It integrates with an economic calendar to retrieve and analyze real-time market data, generate trading signals based on news events, and execute trades automatically or in semi-automatic mode.
The EA offers customizable settings that can be adjusted according to your preferences:
- tradeSize: Default trade size (0.1 by default)
- riskTolerance: Default risk tolerance (0.02 by default)
- tradingTimeframe: Default trading timeframe (PERIOD_M15 by default)
The EA integrates with an economic calendar to fetch and analyze real-time market data. This integration helps in identifying news events and their impact on the Forex market.
The EA retrieves and analyzes real-time market data from the economic calendar. This data is used to make informed trading decisions based on the impact of news events.
Based on the analysis of news events, the EA generates trading signals. These signals indicate whether to buy or sell a particular currency pair, and at what price level.
The EA executes trades automatically or in semi-automatic mode, depending on the selected trade mode. In semi-automatic mode, trades need to be manually reviewed and confirmed before execution. In fully automatic mode, trades are executed based on the generated trading signals.
The EA includes performance monitoring functionality to track the performance of the software. It provides relevant statistics, such as the number of trades executed, profit/loss ratio, etc.
The EA starts trading by continuously monitoring news events, retrieving and analyzing market data, generating trading signals, executing trades, and monitoring performance. It waits for the next news event after each trading cycle, providing a regular update of the trading strategy.
Please note that ForexRobotEasy is not the official developer of this product. This code is provided as a sample that can work as described in the product. To find the official developer of this product, please refer to the MQL5 website.
For detailed reviews and trading results of this product, please visit Forex Robot Easy - News Trade EA MT5.