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 · MT5
News Stopper MT5
This news management utility for MetaTrader 5 protects accounts during high-impact economic events by monitoring the ForexFactory calendar.
GitHub stars7
Forks2
Last update2 years ago17 Jan 2024
LicenceGPL-3.0
Overview
News Stopper MT5 automatically disables algorithmic trading and manages open positions according to pre-defined schedules before and after news releases. The tool can close active trades, delete pending orders, or exit positions at a specific profit threshold. Users can filter events by impact level, target specific currencies, and use keyword matching for major data releases like NFP or FOMC. It also provides visual chart markers and mobile notifications.
- Automatic disabling of algorithmic trading
- News filtering by impact level and keywords
- Automated trade and pending order closure
- Visual news event markers on charts
Details
Author
faraz-hk on GitHub
Type
News trading
Platform
MetaTrader 5 (MQL5)
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.
Input parameters
Read from News_Stopper - ForexFactory - v1.0 MT5.mq5. 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_mt5 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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