The robots uses the FUNDAMENTALS strategy used by most
successful traders and it only trades when there is a news event. The robot
also provide the trader with options of changing lot size, using stoploss, takeprofits
and trailing stops. The news events are downloaded automatically from
investment.com economic calender by the robot and displayed on the screen in
the panel. The trader needs to ensure that the internet is connected before
its news time. The robot will display in the top left corner of the panel when
its news time, when loading news and when there is no news. The robot displays
“News Time” 2 minutes before the news hour. The robot always take care of the
news 2 minutes in advance.You only need to place the robot on one chart window
because the robot automating changes the currency pair to suit the next news
event currency. The trading panel is displayed under screenshots
NB: For accurate strategy tester results, only test the news data for the current week preferable when its Thursday or Friday in your country. The economic news older than a week can not be downloaded from the news source. A also set the Use_Test_Indicator to false to only test the news events. Also ensure that your chart time matches your time zone time. Add one to your time zone if the chart time is ahead of your time by 1 and vise verse.
ROBOT INPUTS
You can change these inputs at anytime
Time
Zone: The trader must
enter the time zone used in his country. By default this value is set to 2 for
the Namibian time zone, Click on the number to change it.
Order
LotSize: The trader should
ensure that the lotsize is set right for his/her account equity. The value is
set to 1 by default but the trader can change this by clicking on the value or
by using the up and down arrow.
Order
Take Profit PIPs: The trader can change
this value to his/her desired take profit point level. The recommended value is
1000 points, to change it, click on the default value.
Order
Stoploss level: The trader can change
this value to his/her desired take profit point level. The recommended value is
250 points, to change it, click on the default value.
Trailing: The robot locks in
profits equivalent to the Trailing points and activate the trailing stop. This
value is 100 by default by the trader can change it to his desire value.
TRADING MODE: This
gives options to the trader on how you want to control your open trades. Those
options includes; OpenTrade, SL_TrailS,
TP_TrailS, TP_SL_Only, TP_SL_TrailS. These options will be describe here.
To change the mode, hover your cursor to the current mode and click, the next
mode will display. We recoment to set this to SL_TrailS.
OpenTrade Allows
you to trade with no stoploss and no take profit. The trader may close his/her
trades manually.
SL_TrailS Allows
you to use stoploss and trailing stop only. Indicate the trailing pips by
Changing the TrailPPS value or use the default value.
TP_TrailS Allows
you to use take profit and trailing stop only(no stoploss) but locks in
profits.
TP_SL_Only Allows
you trade with take profit and stoploss only. No trailling stop will be used.
TP_SL_TrailS Allows
you trade with take profit, stoploss and Trailling stop.
ROBOT BUTTONS
BUY: Click to place a
Buy order. Specify TP and SL if the TRADING MODE is not
OpenTrade. Also check the lotsize (LOT).
SELL: Click to place a Sell
order. Specify TP and SL if the TRADING MODE is not
OpenTrade. Also check the lotsize (LOT).
Refresh: Click on this button
to update news from internet. Also, if there is no news displayed in the table,
clicked on the refresh button to load the news.
1.
In your Meta Trader 4, go to
Tool>Options>Expert advisors. Check the “Allow WebRequest for listed URL”
box
2.
Add the following URLs in the space below
the checked box:
http://ec.forexprostools.com
and
https://www.google.com/finance