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 · MT4 · MT5
News Trader
News Trader is a semi-automatic expert advisor for MetaTrader 4 and MetaTrader 5 designed to execute trades around high-volatility economic announcements.
GitHub stars55
Forks18
Last update1 year ago8 Aug 2025
LicenceApache-2.0
Latest release1.122 years ago
Overview
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 trades, random entries, or simultaneous buy and sell orders. Risk management includes fixed or ATR-based stop-loss and take-profit levels, a trailing stop, and a breakeven function. It also features a spread fuse to block execution during excessive spreads and an automated time-based exit.
- ATR-based stop-loss and take-profit levels
- Integrated spread fuse to prevent high-spread execution
- Automated trailing stop and breakeven management
- Risk-based position sizing using balance or equity
- Timed automatic trade closure after news releases
Details
Author
EarnForex on GitHub
Type
News trading
Platform
MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)
Strategy
News, Hedging
Markets
Forex
Timeframes
Any timeframe
Risk profile
- Holds opposite positions at once
EA files
Topics
ctraderexpert-advisorforexforex-robotforex-tradingmetatradermetatrader-4metatrader-5mql4mql5
Input parameters
Read from NewsTrader.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
NewsTime | datetime | -1 | News date/time (Server) |
StopLoss | int | 15 | Stop-loss in broker's pips |
TakeProfit | int | 75 | Take-profit in broker's pips. |
Direction | dir_enum | Both | Direction of the trade to open |
TrailingStop | trailing_enum | None | Trailing stop type |
BEOnProfit | int | 0 | Profit to trigger breakeven, points |
BEExtraProfit | int | 0 | Extra profit for breakeven, points |
TSOnProfit | int | 0 | Profit to start trailing stop, points |
PreAdjustSLTP | bool | false | Preadjust SL/TP until news is out |
SecondsBefore | int | 18 | Seconds before the news to open a trade |
CloseAfterSeconds | int | 3600 | Close trade X seconds after the news, 0 - turn the feature off |
SpreadFuse | bool | true | SpreadFuse - prevent trading if spread >= stop-loss |
Show all 34 inputs
| Name | Type | Default | Description |
|---|---|---|---|
UseATR | bool | false | Use ATR-based stop-loss and take-profit levels |
ATR_Period | int | 14 | ATR Period |
ATR_Multiplier_SL | double | 1 | ATR multiplier for SL |
ATR_Multiplier_TP | double | 5 | ATR multiplier for TP |
Lots | double | 0.01 | |
MM | bool | true | Money Management, if true - position sizing based on stop-loss |
Risk | double | 1 | Risk - Risk tolerance in percentage points |
FixedBalance | double | 0 | FixedBalance: If > 0, trade size calc. uses it as balance |
MoneyRisk | double | 0 | MoneyRisk: Risk tolerance in account currency |
UseMoneyInsteadOfPercentage | bool | false | Use money risk instead of percentage |
UseEquityInsteadOfBalance | bool | false | Use equity instead of balance |
ShowTimer | bool | true | Show timer before and after news |
FontSize | int | 18 | |
Font | string | Arial | |
FontColor | color | clrRed | |
Corner | ENUM_BASE_CORNER | CORNER_LEFT_UPPER | |
X_Distance | int | 10 | X-axis distance from the chart corner |
Y_Distance | int | 130 | Y-axis distance from the chart corner |
Slippage | int | 3 | |
Magic | int | 794823491 | |
Commentary | string | NewsTrader | Comment - trade description (e.g. "US CPI", "EU GDP", etc.) |
IgnoreECNMode | bool | true | IgnoreECNMode: Always attach SL/TP immediately |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone EarnForex/News-Trader from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts or MQL5/Experts.
- 3Copy the filesCopy the .mq4 / .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.
Similar expert advisors
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
Amazing is a news trading expert advisor for MetaTrader 4 and 5 designed to capture volatility during scheduled economic announcements. It operates as a semi-automatic tool, requiring the user to manually input the specific date and time of an upcoming news event. The EA places two symmetrical pending orders at a defin
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
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
Forex News Killer is a risk management utility for MetaTrader 4 designed to protect accounts from volatility during high-impact economic news. The tool monitors real-time calendars and automatically intervenes based on user-defined time buffers before and after events. It can close open positions, remove pending orders
Need a broker for MT4/MT5?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers