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 · MT5
Onews9 News Trader
This MetaTrader 5 expert advisor is designed for news trading by managing pending orders around scheduled economic events.
GitHub stars16
Forks11
Last update2 years ago16 Jul 2024
LicenceNone stated
Overview
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 executed based on price distance or a specific time interval in milliseconds. Risk management is handled through fixed lot sizing and a configurable stop loss. The repository lacks a README, but the code provides parameters for managing a quiet price corridor.
- Timed pending order placement
- Dynamic distance modification
- Timer-based trailing stop functionality
- Configurable price corridor management
Details
Author
oleg518 on GitHub
Type
News trading
Platform
MetaTrader 5 (MQL5)
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 onews9-mt5.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
o1 | string | ---------- ТРЕЙЛИНГ-СТОП -------------- | |
Dist | int | 200 | расстояние от цены |
TrailingStop | int | 40 | длина тралла (0 - без тралла) |
TSz | int | 10 | задержка трейлинга в пункта? |
tttimer | int | 100 | тралл по таймеру в миллисекунда? |
o2 | string | ---------- СДВИГАНИЕ ОТЛОЖЕК ---------- | |
Stoploss | int | 555 | стоплосс, если 0 - то без него |
TimeModify | int | 1 | Интервал сдвига отложек, сек |
Kor | int | 50 | спокойный коридор, 0 - без него |
o3 | string | ---------- ЗАПУСК ПО ВРЕМЕНИ ---------- | |
timeStart | datetime | D'15:29:50' | Старт |
timeFinish | datetime | 0 | Финиш (необязательно) |
Show all 15 inputs
| Name | Type | Default | Description |
|---|---|---|---|
o4 | string | ---------- РАЗНОЕ --------------------- | |
Lot | double | 0.01 | объем лота |
tester | bool | false | режим тестинга |
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone oleg518/forex-mql-ea-mq5 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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