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 Timer MT5
This utility for MetaTrader 5 fetches economic news data from the Forex Factory API to display an onscreen timer and information box.
GitHub stars1
Forks0
Last update2 years ago15 Jul 2024
LicenceMIT
Overview
News Timer MT5 downloads news in XML format using external Windows libraries, stores it locally, and updates the data periodically. Users can filter news events by impact level, specific currencies, or keywords in the event title. The tool includes a visual interface with custom colors for last and upcoming news lines and provides an alert trigger set to a specific number of seconds before an event occurs. It functions as a visual assistant for manual traders.
- Forex Factory XML API integration
- Customizable impact and currency filters
- Visual onscreen news information box
- Configurable alert trigger timing
- Automatic periodic data updates
Details
Author
Far-1d on GitHub
Type
News trading
Platform
MetaTrader 5 (MQL5)
Strategy
News
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.
EA files
Input parameters
Read from news_timer.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
impact_mtd | impact_mtds | sum | Impact Filter Method |
impact | string | 3 | Impact Filter (format for indivitual: L,M,H) (0=disable) |
currencies | string | USD,EUR | Currency Filter (format for multiple: c1,c2,c3)(empty=disable) |
title | string | | Title Filter (format for multiple: t1~t2~t3)(empty=disable) |
exact_match | bool | false | Each News Match all Filters ? |
trigger | int | 30 | Seconds before news to alert |
AllowUpdates | bool | true | Allow updates |
UpdateHour | int | 4 | Update every (in hours) |
line_clr1 | color | clrGold | Last News Line Color |
line_clr2 | color | clrPaleTurquoise | Upcoming News Line Color |
box_clr | color | clrDarkSlateGray | Box Color |
text_clr | color | clrWhite | Text Color |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone Far-1d/mql5_news_timer 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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