News Trading EA: Free MT4/MT5 Expert Advisor

Overview

The EA places simultaneous buy stop and sell stop orders at a specific user-defined time before news releases. Once one order triggers, the robot is designed to close the opposite pending order. It includes risk controls such as target profit in pips and a risk management function that monitors the account balance to close losing trades at a one or two percent threshold.

Simultaneous buy and sell stop orders

Time-based entry execution

Configurable pip offset for pending orders

Account balance risk percentage filter

Details

Author

Badzoneyv4n on GitHub

Type

Trading robot

Platform

MetaTrader 4 (MQL4) and MetaTrader 5 (MQL5)

Strategy

News

Markets

Forex

Timeframes

M1-M5

Risk profile

Trades without a fixed stop loss

EA files

Source

github.com/Badzoneyv4n/NewsTrading

Input parameters

Read from NewsTrading.mq5. Defaults are the author's; change them in the EA's Inputs tab.

Name	Type	Default	Description
`StartTime`	`string`	`05:29:50`	Time to place trades
`Pipdiff`	`string`	`5`	Pip difference
`TargetProfit`	`string`	`10`	Target Profit in pips
`StopLoss`	`string`	`0`	Stop Loss in pips
`Number_trades`	`int`	`0`	How many trades 0 = 2trades, 2= 4 trades, 4 = 6 trades
`rsk`	`int`	`1`	Risk 1% or 2% Per trade

How to install it

1Download the sourceUse "Download source (.zip)" above, or clone Badzoneyv4n/NewsTrading 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.

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