News Catcher EA is an automated trading robot for MetaTrader 4 designed to trade market volatility typically associated with news events. It functions by placing pending buy and sell orders at a specific distance from the current price at a pre-defined start time. The EA manages trades using a configurable trailing sto
Trading robot · MT4
Nonfarm News Trader
This MetaTrader 4 expert advisor is designed specifically to trade high-impact Non-Farm Payroll news events on USD currency pairs.
GitHub stars1
Forks0
Last update10 years ago4 Jun 2016
LicenceNone stated
Overview
Nonfarm News Trader functions by placing a straddle of buy and sell pending orders at a set distance from the market price shortly before the news release. Once the market breaks out and triggers one order, the EA can automatically cancel the opposing pending order. Risk is managed through percentage-based lot sizing, fixed stop loss, take profit, and a trailing stop mechanism.
- Automated NFP news event detection
- Straddle entry using pending orders
- Trailing stop loss management
- Percentage-based risk calculation
Details
Author
mzavoloka on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
News, Breakout
Markets
Forex
Timeframes
M15-H1
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 nonfarm.mq4. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
StopLossAmountInPoints | int | 200 | |
TrailingAmountInPoints | int | 200 | |
TakeProfitAmountInPoints | int | 1000 | |
PendingOrderOffsetInPoints | int | 200 | |
RiskPerTradeInPercents | int | 20 | |
Debug | bool | false | |
DebugDay | int | 1 | |
DebugHour | int | 13 | |
Trailing | bool | true | |
TrailingTillOpenPrice | bool | true | |
CancelOppositeOrder | bool | true |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone mzavoloka/nonfarm 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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