News and Trend trading on news

News and Trend trading on news 1.0

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New Level News Trading: Uses news impact indicators codes ( news impact), and trend indicator code ( trendS).
Can be used as news and trend indicator and has automatic and manual trading options.
Trades 18 currency pairs at once, selecting the best ones to open orders on: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD, USDCNH, EURGBP, EURJPY, EURCAD, EURAUD, EURNZD, GBPJPY, GBPCAD, GBPAUD, GBPNZD plus the one to which the EA is attached.

The News Impact Indicator displays the symbols shown in the right pane. They are ordered in ascending order by Buy and Sell values.
This shows the probable direction of the currency pairs based on the cumulative news releases from the previous period.
Trend Indicator displays the current direction of the currency pair.
The two criteria open the orders in the list of symbols in the right pane, when the Expert Advisor clicks Auto_(Enable/Disable).
The filter can be applied according to the value of the Stochastic indicator in the overbought and oversold zones.
Each instrument can only be opened once.
The Stop Loss and Take Profit of the orders are set according to the Expert Advisor parameters.
The set amount of total profit for all orders or SL and TP is used to check the order.
If the Auto mode is enabled, the SL, TP of the order which was closed will be replaced by a new order, if the symbol is still in the list on the right side panel.
You can create an additional order for a currency pair that is loaded into the main panel by clicking the Open Order button.
You can disable the button Auto (Disable) of the EA to close the trade. The orders will then close gradually.
You can instantly close all orders in the EA by pressing the button Close All.
The right panel of the EA can load a symbol in the main panel.
To do that, just click the corresponding symbol in the list in the right pane.

Workflow​

  1. Plug the EA into the chart at the default settings
  2. You can customize the news filter: The importance of the news ( Medium, High, and Low), as well as its timeframe ( Today - 4 Days - Week).
  3. Press the Auto disable button to enable automatic trading. You can place more orders on positions that are growing well. Look for the correct symbol in the left pane and click it to load the news from the main panel. After that you can click the button Open Order to open an order.
The Strategy Tester cannot run the Advisor if the News Calendar isn't loaded.
It is only possible to test the software in a demo account.

Recommendations​

  1. Account only USD for automatic tuning to symbols.
  2. The EA allows you to open as many orders simultaneously (excluding manual) and can choose the appropriate leverage or deposit. A $200 deposit is acceptable for 0.01 lots. The leverage ratio of 1:100 would be suitable.
  3. You can attach the Expert Advisor to any chart at any time. It works on its own timer.
  4. If you are going to switch the filters of the news impact indicator, it's better to disable the Auto button, so that the EA does not create new orders, until you decide on the filters settings.
  5. The EA will open the symbols it needs in Market Watch, Charts for the symbols are not necessary to open.
Author
News forex ea
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