EXPERT NAME – News Trader
FOR USE ON: Nadex & Forex
DOWNLOAD EXPERT PACK – CLICK HERE
EVOLVED FROM STRATEGY –
FOMC & NFP – News Trading Straddle Strategy – CLICK HERE
FOMC & NFP HMA Strategy – CLICK HERE
NFP Strategy – CLICK HERE
INPUTS – ***these will vary based on the news events you are trading***
Flexible NEWS TRADER Expert Advisor / Auto Trader for MT4 Allows You to Capitalise on Market-Moving News
The newest addition to the Slick Trade stable of professional trading tools is the flexible NEWS TRADER, our latest Expert Advisor/Auto Trader for MT4. This was created at the request of Slick Trade member Kevin who specializes in trading the news and was looking for a flexible tool to automate this aspect of his trading.
Based on the popular Sominex Expert Advisor, which was specifically created to trade the London Breakout while you sleep, our all new NEWS TRADER has additional built in flexibility that enables you to trade the time frame of your choice based on your personal trading style and the specific news release.
Like Sominex, the NEWS TRADER Expert Advisor automatically places 2 pending orders on the instrument of your choice at the specified number of pips above and below the high and low of the specified candle. When one pending order is triggered the other is automatically cancelled and you are in the trade. You can set different inputs for the EA based on your personal preference and we advise using the trail stop feature to get the most out of each trade.
We hope you enjoy the latest addition and as always welcome your feedback regarding how you are using the News Trader along with preferred settings you would like to share.
To add the expert advisor to your MT4:
- Download the expert advisor – You can download HERE
- Extract the zip folder using any extractor, such as WinZip or 7zip
- Open your MT4
- Go to File > Open Data Folder > MQL4 > Experts
- Place the Slick Trade – News Trader.ex4 file in the Experts folder
- Place the files in the Include folder
- Place the files in the Library folder
- Refresh your MT4 or close and re-open
- Open the chart that has upcoming high volatility news (Kevin suggests the M5 or M15 chart)
- In the Navigator, open the Experts folder and add The News Trader to the chart
- Input the settings you wish to have for the upcoming news release (many choose 10 pips above and below the previous 15 min candle)
- Leave your MT4 running and collect some pips when the news release occurs!
***Note – make sure you have AutoTrading turned on and that the EA has a smiley face in the upper right hand corner!
Flexible Settings for NEWS TRADER:
Take Profit (TP)
Stop Loss (SL)
Option to use Take Profit or not
Option to close or leave open the second pending order once first pending order is activated
Modifications include the following:
- Advanced Trail Stop feature with Break Even – protect your account and profit
- News Feature – See any upcoming news (low, medium and/or high) right on your MT4 chart
- Day Control Feature – Choose which days of the week to receive signals and/or auto trade
- Time Control Feature – Choose which times to receive signals and/or auto trade
All of these features have been requests from members and we are happy to provide the updates!
These features will not only make your trading easier, it will also help to protect your account and profits that you make.