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
News Stopper
News Stopper is a utility for MetaTrader 4 designed to manage trade exposure and platform activity around scheduled economic events.
GitHub stars9
Forks2
Last update2 years ago17 Jan 2024
LicenceGPL-3.0
Overview
News Stopper fetches data from external news calendars to automatically disable the automated trading button, close open positions, or delete pending orders. The tool allows users to set specific time buffers before and after news releases and filter events by impact level or specific keywords. It can target all trades or only those related to the currency involved in the news event.
- Automated trading suspension before and after news events
- Impact-based filtering for high, medium, and low volatility data
- Keyword-specific news filtering for events like FOMC or NFP
- Option to close orders only for symbols affected by specific news
- Visual news event markers drawn directly on the chart
Details
Author
faraz-hk on GitHub
Type
News trading
Platform
MetaTrader 4 (MQL4)
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.
Input parameters
Read from News_Stopper - ForexFactory.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
info1 | string | ------======<<[ News Management ]>>======------ | News Settings |
news_link | string | https://nfs.faireconomy.media/ | News URL (to be placed in settings) |
min_before | int | 5 | Minutes Before News to close |
min_before_zero | int | 60 | Minutes Before News to close with zero profit |
min_after | int | 45 | Minutes After News to halt |
include_high | bool | true | Include high |
include_medium | bool | false | Include medium |
include_low | bool | false | Include low |
use_title | bool | true | Filter News based on title |
title_phrase | string | Non-Farm,Unemployment,ISM,PMI,CPI,FOMC,Retail Sales,Final GD | title keyword (comma seperated) |
news_update_hour | int | 2 | Update time interval (in hours) |
symbol_type | currencies | type1 | Currencies check method |
Show all 29 inputs
| Name | Type | Default | Description |
|---|---|---|---|
news_symbols | string | USD,EUR,GBP,JPY,CAD,CHF | Custom Currencies to Check For News |
close_only_news_pair | bool | false | Only Close Orders of The Events Currency |
draw_news_lines | bool | true | Draw News Lines on chart |
Line_Color | color | clrRed | Lines Color |
Line_Style | ENUM_LINE_STYLE | STYLE_DOT | Lines Style |
Line_Width | int | 1 | Line Width |
info2 | string | ------======<<[ Order Management ]>>======------ | Order Management |
stop_algo | bool | true | Stop Auto trading |
close_open | bool | true | Close all open trades |
close_pending | bool | true | Delete all Pending orders |
close_zero | bool | true | Close all trades with profit |
close_profit | double | 1 | Profit for Closing all trades (in $) |
close_charts | bool | false | Close all Charts |
info3 | string | ------======<<[ Settings ]>>======------ | Settings |
send_notif | bool | true | Send notification |
send_alert | bool | true | Send Alert |
delay | int | 5 | Delay if somthing goes wrong (in seconds) |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone faraz-hk/news_stopper_mt4 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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