Event Trader is a news-trading utility for MetaTrader 4 designed to automate straddle entries around scheduled economic releases. 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
News trading · MT4
Fundamentals News Trader
This MetaTrader 4 expert advisor is designed to trade high-impact fundamental events such as NFP and CPI releases.
GitHub stars1
Forks0
Last update3 years ago17 Oct 2022
LicenceNone stated
Overview
Fundamentals News Trader 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 triggered by volatility. It uses hardcoded point offsets for entry levels rather than external inputs. The repository contains minimal documentation, and the risk management relies on fixed lot sizes without visible automated stop loss logic.
- On-chart event activation button
- One-cancels-other order management
- Hardcoded point offsets for specific economic indicators
Details
Author
nophora on GitHub
Type
News trading
Platform
MetaTrader 4 (MQL4)
Strategy
News, Breakout
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone nophora/Fundamentals 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.
Similar expert advisors
This MetaTrader 5 expert advisor is designed for news trading by managing pending orders around scheduled economic events. The robot places orders at a specific start time and dynamically shifts their distance from the market price until the news release triggers a breakout. It features a trailing stop that can be exec
This MetaTrader 5 expert advisor automates news trading by integrating with an external Python web scraper. The Python component extracts economic calendar data from Forex Factory and saves it to a local file, which the EA monitors in real-time. Minutes before scheduled news events, the bot executes a straddle strategy
News Trading is an automated expert advisor for MetaTrader 5 that executes breakout strategies based on high-impact economic events. The EA monitors built-in calendars for major releases such as NFP, FOMC, and GDP to identify potential volatility. It analyzes price action within specific time windows before and after e
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
JB News Bot is an automated trading expert advisor for MetaTrader 4 and MetaTrader 5 that executes positions based on scheduled economic data releases. It interfaces with the JBlanked News API to fetch calendar events from sources including MQL5, Forex Factory, and FXStreet. The EA allows users to configure specific en
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers