Trading News and Events in the Economic Calendar - Forex Opportunities. Trading news and economic data releases If you’ve ever tried to trade on the economic calendar, you’ll know just how demanding and frustrating it can be.
In fact, many avoid trading altogether during these times. They stay out of the market or hedge their positions – just in case the unexpected happens. Who can blame them? With surging volatility, whipsaw price action, and increasing spreads too boot it’s enough to scare all but the most determined. Free download of the 'NewsTradingEA' expert by 'cuanterus' for MetaTrader 4 in the MQL5 Code Base. Description: Trading manually to catch news event were NOT recommended since you can't handle emotion.
To open position on very volatile price market is impossible without involving emotion, not mention to watch the price running like roller coaster, that why you really need EA to handle this situation. Set the EA (better on VPS), do not watching it running on specified news event then check the result later. I created this EA for educational purposes only, its intended not for newbie or non professional traders. Users MUST do some intensive test using "strategy tester" to fit users needs and to confirm that this EA will works for you. Use only demo account or tiny lot and small leverage (on real account) to test this EA, I warn you that this EA will not suit for most of users. This EA will set BUY Stop and SELL Stop (pending order) on next opening candle then will delete one pending order after open BUY or SELL occur (OCO). 'Displaying a News Calendar - MQL4 Articles. Introduction This article contains the description of writing a simple and convenient indicator displaying in a working area the main economic events from external Internet resources.
The indicator's operation looks like this: Here is a list of requirements for the indicator:The indicator should independently (without a user's help) download a necessary file of the events calendar for the current week.The indicator should display all events (both passed and future) from this file in the form of vertical lines with news headlines.The indicator should trace the events' update on the external resource.
After we have specified the task, we can analyze some technical details. Technical Part Let us use the website as an external resource. 'Building an Automatic News Trader. Introduction As Investopedia states, a news trader is "a trader or investor who makes trading or investing decisions based on news announcements".
Indeed, economic reports such as a country's GDP, consumer confidence indexes and employment data of countries, amongst others, often produce significant movements in the currency markets. Have you ever attended a U.S. Non-Farm Payrolls release? If so, you already know that these reports may determine currencies' recent future and act as catalysts for trends reversals. Figure 1. 1. 1.1. The idea behind this system is what we have discussed above. 1.2. From now on we are conceiving our EAs from the point of view of concepts, as if they were living creatures.
#property copyright "Copyright © 2013, laplacianlab. CNewsWatcher is the EA's main class. For now, do not worry if you do not see things very clear, it is normal. Note that we retrieve the news container like this: GetBrain().GetNewsContainer(); Experts - Fundamental Trader DailyFX CSV MQL4 - MQL5 Code Base. Description: The idea was to develop an Expert Advisor which makes financial trading decisions on news events, automatically.
Fundamental Trader EA cannot be back-tested on historical data, it can only be forward-tested, because it is setup to wait for the next news event, and make a financial trading decision based on the difference between (actual vs. forecast) or (actual vs. previous) data. Fundamental Trader EA is very simple, after downloading the calendar, it determines which news event on the DailyFX calendar is scheduled to be next, then it waits for that news event to be released, once the data is released, the EA makes an investor trading decision.
Fundamental Trader EA can be applied to any-chart and any-time frame, as it only uses the chart for executing orders. Trading Logic: Risk/Reward Ratio: Fundamental Trader EA is setup with 1:3, risk/reward ratio, the default values are risk=20, reward=3. Wait Time for the News Event to be Released: if(Date>(TimeCurrent()-(xTime*60))) Free download of the 'Fundamental Trader DailyFX CSV MQL4' expert by 'c0d31' for MetaTrader 4 in the MQL5 Code Base. Description: The idea was to develop an Expert Advisor which makes financial trading decisions on news events, automatically.
Fundamental Trader EA cannot be back-tested on historical data, it can only be forward-tested, because it is setup to wait for the next news event, and make a financial trading decision based on the difference between (actual vs. forecast) or (actual vs. previous) data.