This MetaTrader 5 expert advisor collection provides multiple variants for scalping gold on the one-minute timeframe. It utilizes a combination of Stochastic Oscillator crossovers and linear regression analysis to identify trend quality and entry points. Trade management is handled through ATR-based dynamic stop loss a
Trading robot ยท MT5
Fundamental News Scalper
This MetaTrader 5 expert advisor is designed for high-impact news trading on the forex market.
GitHub stars9
Forks0
Last update3 years ago19 Apr 2023
LicenceNone stated
Overview
Fundamental News Scalper uses a straddle strategy, placing buy stop and sell stop pending orders at specific pre-set times before news releases. The EA supports multiple layered entries, often referred to as barcode entries, at fixed pip distances from the market price. For risk management, it incorporates a trailing stop and a break-even function to manage active positions during high volatility. After the trade cycle, the EA includes logic to clean up remaining pending orders. The provided documentation is minimal.
- Scheduled time-based order execution
- Straddle strategy using pending buy and sell stops
- Multiple layered barcode entries
- Integrated trailing stop and break-even management
- Automatic cleanup of unfilled pending orders
Details
Author
Lapiyano on GitHub
Type
Trading robot
Platform
MetaTrader 5 (MQL5)
Strategy
News, Scalping
Markets
Forex
Timeframes
M1-M5
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 Fundamental EA.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
Time1 | string | 14:29:55 | |
Time2 | string | 14:29:56 | |
NumOfOrders | int | 1 | NumOfOrders(BuyStop&SellStop) |
LotSize | double | 0.01 | |
OrderPosition | double | 10 | OrderPosition (In Pips) |
Layer | double | 1.0 | Barcode/Layer Entries (In Pips) |
TrailStop | double | 10.0 | Trailstop (In Pips) |
BreakEven | double | 0 | Breakeven (In Pips) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Lapiyano/Fundamental-Trading-EA-MQL5- from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 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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