News Trader is a semi-automatic expert advisor for MetaTrader 4 and MetaTrader 5 designed to execute trades around high-volatility economic announcements. Users manually input the scheduled news release time, and the robot opens positions a specified number of seconds before the event. It supports single-direction trad
News trading · MT4 · MT5
Amazing
Amazing is a news trading expert advisor for MetaTrader 4 and 5 designed to capture volatility during scheduled economic announcements.
GitHub stars24
Forks5
Last update3 years ago18 Sep 2023
LicenceApache-2.0
Latest release1.043 years ago
Overview
Amazing operates as a semi-automatic tool, requiring the user to manually input the specific date and time of an upcoming news event. The EA places two symmetrical pending orders at a defined distance from the recent high or low before the release. Risk management features include stop loss, take profit, breakeven settings, and a trailing stop. It supports automated lot sizing based on account risk percentage.
- One Cancels Other (OCO) pending order management
- ATR-based dynamic stop-loss and take-profit levels
- Automated breakeven and trailing stop functionality
- Configurable pending order placement and deletion timers
- Risk-based position sizing using percentage or account currency
Details
Author
EarnForex on GitHub
Type
News trading
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
News
Markets
Forex
Timeframes
Any timeframe
Risk profile
No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.
Topics
amazingexpert-advisorforexforex-newsforex-robotforex-tradingmetatradermetatrader-4metatrader-5mql4
Input parameters
Read from Amazing.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
NewsDateTime | datetime | __DATE__ | NewsDateTime: Date and time of the news release. |
EntryDistance | int | 100 | EntryDistance: Entry distance from recent high/low in points. |
StopLoss | int | 200 | StopLoss: Stop-loss in points. |
TakeProfit | int | 200 | TakeProfit: Take-profit in points. |
CTCBN | int | 0 | CTCBN: Number of candles to check before news for High & Low. |
SecBPO | int | 300 | SecBPO: Seconds before news to place pending orders. |
SecBMO | int | 0 | SecBMO: Seconds before news when to stop modifying orders. |
STWAN | int | 150 | STWAN: Seconds to wait after news to delete pending orders. |
OCO | bool | true | OCO: EA will cancel the other pending order if one is hit. |
BEPoints | int | 0 | BEPoints: Points of profit when EA will move SL to breakeven + 1. |
TrailingStop | int | 0 | Trailing Stop in points |
UseATR | bool | false | Use ATR-based stop-loss and take-profit levels. |
Show all 24 inputs
| Name | Type | Default | Description |
|---|---|---|---|
ATR_Period | int | 14 | ATR Period. |
ATR_Multiplier_SL | double | 5 | ATR multiplier for SL. |
ATR_Multiplier_TP | double | 5 | ATR multiplier for TP. |
Lots | double | 0.01 | |
MM | bool | true | Money Management, if true - position sizing based on stop-loss. |
Risk | double | 1 | Risk - Risk tolerance in percentage points. |
FixedBalance | double | 0 | FixedBalance: If > 0, trade size calc. uses it as balance. |
MoneyRisk | double | 0 | MoneyRisk: Risk tolerance in account currency. |
UseMoneyInsteadOfPercentage | bool | false | Use money risk instead of percentage. |
UseEquityInsteadOfBalance | bool | false | Use equity instead of balance. |
TradeLog | string | Am_Log_ | TradeLog: Log file prefix. |
Commentary | string | Amazing | Commentary: trade description. |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/Amazing from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .mq5 file into Experts, and any .mqh files into the Include folder the code expects.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.
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