NewsBreaker EA is an News Trading EA and tries to trade short-term trends during the announcement of important economic news.
Benefits
- The EA has its own Magic number and is ideally suited to complement other EAs
- No martingale, no grid, no hedging
- Equity protection by dynamic hidden Stop Loss and Break Even function
Inputs
- start hour hour broker server time, in which the EA starts the trading period
- start minute minute broker server time, in which the EA starts the trading period
- end hour hour broker server time, in which the EA ends the trading period
- end minute minute broker server time, in which the EA ends the trading period
- allowed Spread in Points maximum allowed spread (in points) to open a trade
- allowed Slippage in Points maximum allowed slippage (in points) to open a trade
- use Moneymanagement false means trade with fixed Lotsize; true means trade with automatic LotSize via risk setting
- fixed LotSize if “use Moneymanagement = false”, then trade with fixed Lotsize
- Risk percentage of free margin to trade – for example: risk 10 means 0.01 lot per 100 USD free margin
- max Lotsize maximum allowed lot size to open trades
- XSecondPause the opening of a new trade (in the same direction) will pause for x seconds after closing the last trade
- UseDeltaForClosing If true then High/Low from last x bars additional y points is hidden exit price for open trade
- DeltaPointsForClosing number y of additional Points
- DeltaClosingBars number x of last bars to consider
- UseDeltaForOpening If true then High/Low from last x bars additional y points is hidden entry price to open an trade
- DeltaPointsForopening number y of additional Points
- DeltaopeningBars number of last bars to consider
- Magic Number unique number to identify each trade
- Order Comment you can set here your trade comment
- TP Value in Points take profit in points
- SL Value in Points stop loss in points
- Use Trailing If true then option trailing SL is active
- TrailingStartPoints start trailing SL, if x points in profit
- TrailingStopPoints distance in points trailing SL
- TrailingStepPoints adjustment steps in points
- use Vola filter If true then volatility filter is active
- Vola filter periode vola filter indicator period
- Vola filter timeframe vola filter indicator timeframe
- Vola multiplier determines the factor, how high the volatility may be, so that trades can be generated
- Partial
- EnablePartialClose If true then trading with partial TP levels is possible
- PartialClosePercent % Share of the total lot size, which is provided for each level of TP (Example: total lot size 0.05 lot, 5 TP Level, PartialClosePercent 20%, when a new TP level (StepTPPoints) is reached, 0.01 Lots are closed)
- StepTPPoints Distance of the TP levels in points
- TPSteps Number of the TP level
- EnableBreakEven If true then trading with Break Even Feature is possible
- BreakEvenProfitPoints Amount of profit in points with the SL value is set to the entry price
- MondayAM if true then trading on Monday AM is possible; if false, then there will be no trades executed on Monday AM
- MondayAMStartTime start time trading period on Monday AM
- MondayAMEndTime end time trading period on Monday AM
- MondayPM if true then trading on Monday PM is possible; if false, then there will be no trades executed on Monday PM
- MondayPMStartTime start time trading period on Monday PM
- MondayPMEndTime end time trading period on Monday PM
Settings for other weekdays are identical
- UseNewsFilter if true then the news filter is active/if false, then the news filter is inactive
- SymbolsToCheck news relevant pairs can be set individually
- UseHighImpact if true then high impact news are considered
- HighBeforeMins allow trading from x minutes before the high impact news
- HighAfterMins allow trading until y minutes after the high impact news
- UseMediumImpact if true then medium impact news are considered
- MediumBeforeMins allow trading from x minutes before the medium impact news
- MediumAfterMins allow trading until y minutes after the medium impact news
- UseLowImpact if true then low impact news are considered
- LowBeforeMins allow trading from x minutes before the low impact news
- LowAfterMins allow trading until y minutes after the low impact news
A detailed description of NewsBreaker EA can be found in the : NewsBreaker Blog
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