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
Forex News Killer
Forex News Killer is a risk management utility for MetaTrader 4 designed to protect accounts from volatility during high-impact economic news.
GitHub stars6
Forks3
Last update10 months ago21 Nov 2025
LicenceNone stated
Overview
The tool monitors real-time calendars and automatically intervenes based on user-defined time buffers before and after events. It can close open positions, remove pending orders, and disable algorithmic trading functionality to prevent unwanted execution. Users can filter events by impact level or specific keywords, such as FOMC or GDP. The EA also provides visual markers on charts and sends alerts when protective actions occur.
- Automated position closure before news
- Impact level and keyword event filtering
- Visual news event chart markers
- Algorithmic trading suspension toggle
Details
Author
Ahmed-GoCode on GitHub
Type
News trading
Platform
MetaTrader 4 (MQL4)
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.
EA files
Topics
automationfinanceforex-botforex-newsnews-scrapertradingexpert-advisorforexmql4mt4
Input parameters
Read from ForexNewsKillerEA.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
info1 | string | ------- NEWS SETTINGS ------- | |
news_link | string | https://nfs.faireconomy.media/ | |
min_before | int | 5 | Close trades X minutes before news |
min_before_zero | int | 60 | Close at profit X minutes before |
min_after | int | 45 | Wait X minutes after news |
include_high | bool | true | High impact news |
include_medium | bool | false | Medium impact news |
include_low | bool | false | Low impact news |
use_title | bool | true | Filter by title |
title_phrase | string | Non-Farm,Unemployment,ISM,PMI,CPI,FOMC,Retail Sales,GDP,PCE, | |
news_update_hour | int | 2 | Update news every X hours |
symbol_type | currencies | type1 | Auto or Custom |
Show all 29 inputs
| Name | Type | Default | Description |
|---|---|---|---|
news_symbols | string | USD,EUR,GBP,JPY,CAD,CHF | |
close_only_news_pair | bool | false | |
draw_news_lines | bool | true | |
Line_Color | color | clrRed | |
Line_Style | ENUM_LINE_STYLE | STYLE_DOT | |
Line_Width | int | 1 | |
info2 | string | ------- ORDER MANAGEMENT ------- | |
stop_algo | bool | true | Stop auto trading |
close_open | bool | true | Close open trades |
close_pending | bool | true | Delete pending orders |
close_zero | bool | true | Close at break-even |
close_profit | double | 1 | Min profit ($) |
close_charts | bool | false | Close all charts |
info3 | string | ------- NOTIFICATIONS ------- | |
send_notif | bool | true | |
send_alert | bool | true | |
delay | int | 5 |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Ahmed-GoCode/forex-news-killer 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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