This Forex News Trading EA is a free, automated tool designed to capture price movements following major economic news releases. Unlike indicator-based EAs, this EA relies on high-impact news events to generate trades, capitalizing on rapid price changes that often follow significant economic announcements.
How Forex News Trading EA Works
Forex news trading leverages scheduled economic announcements that can cause immediate, substantial movements in currency pairs—often leading to gains or losses of up to 100 pips within minutes. Research indicates that such events can drive currency fluctuations between 20 to 300 pips, creating excellent trading opportunities. The best part is that these announcements are pre-scheduled, so traders know exactly when the EA will be most active. 
The EA places pending orders in both directions, ensuring you’re positioned to profit regardless of which way the market moves. It automatically downloads news data from trusted sources like ForexFactory, filtering events according to your chosen preferences. You can choose to trade all news events or only those directly affecting the currency pair on the chart. Additional filters allow you to target news events based on impact, expected deviation from previous outcomes, and other criteria, helping you manage risk and optimize entry points.
Key Features
Low Drawdown: Suitable for small deposits due to its conservative risk profile.
Non-Martingale Strategy: Avoids high-risk methods like martingale, grid, and hedging.
Flexible Lot Sizing: Trades can be placed with a fixed or automatic lot, with size adjustments based on set criteria.
Recommendations for Using Forex News Trading EA
Minimum Account Balance: $100.
Optimal Currency Pairs: GBPUSD, AUDUSD, USDJPY, and EURUSD (works on any pair).
Time Frame: Operates consistently across all time frames.
24/7 Operation: For best results, keep the EA online during news releases using a reliable VPS.
Broker Requirements: A low-spread ECN account is recommended for optimal performance.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
