This MetaTrader 4 expert advisor is designed to trade high-impact fundamental events such as NFP and CPI releases. It features a manual on-chart button that, when clicked, prepares logic for a price breakout. The EA tracks pending orders and is programmed to cancel the opposing side once a buy stop or sell stop is trig
News trading · MT4
Event Trader
Event Trader is a news-trading utility for MetaTrader 4 designed to automate straddle entries around scheduled economic releases.
GitHub stars8
Forks1
Last update6 years ago11 Nov 2019
LicenceGPL-3.0
Overview
The EA places buy-stop and sell-stop orders at a user-defined GMT time and distance from the current market price. It incorporates one-cancels-the-other logic to delete the opposing pending order once one is triggered. Risk management features include a fixed stop loss, take profit, and a block-based trailing stop system that shifts the stop loss as profit targets are met. It also includes expiration settings for both pending and active orders.
- Automated GMT-based news straddle
- One-cancels-the-other pending orders
- Time-to-live expiration for orders
- Block-based trailing stop system
Details
Author
fhlee74 on GitHub
Type
News trading
Platform
MetaTrader 4 (MQL4)
Strategy
News, Breakout
Markets
Any symbol
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.
EA files
Input parameters
Read from SO55930471.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
vsEAComment | string | Telegram @JosephLee74 | Ego trip |
vdTradeStartInGMT | datetime | D'2019.11.01 17:00' | When to trade (GMT) |
viStopOrderLevelInPip | int | 5 | StopOrder distance from ask/bid (pips) |
viFixLots | double | 0.01 | Lot size |
viStopLossInPip | int | 20 | StopLoss (pips) |
viTargetProfitInPip | int | 100 | TargetProfit (pips) |
viDeleteStopOrderAfterInSec | int | 30 | StopOrder TTL (sec) |
viDeleteOpenOrderAfterInSec | int | 300 | Executed Order TTL (sec) |
viMaxSlippageInPip | int | 2 | Max Slippage (pip) |
viProfitToActivateBlockTrailInPip | int | 15 | Activate Block-Trailing after trade has Profit by x pips. |
viTrailShiftProfitBlockInPip | int | 20 | Shift SL when Profit jump every x pips. |
viTrailShiftOnProfitInPip | int | 10 | Move SL by x-pips when shifting. |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone fhlee74/mql4-EventTrader from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 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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