The Forex News Trading Robot is an automated system designed to profit from high-impact news events that create substantial volatility in the currency markets. Its strategy centers on mean reversion, capitalizing on the patterns of intraday volatility. Unlike many trading bots that constantly enter and exit trades, the Forex News Trader Robot is more selective. It only engages shortly before significant news events, aiming to maximize returns while keeping risk exposure low.
The Auto News Trader EA uses advanced algorithms to identify optimal entry and exit points. It avoids riskier tactics like martingale or grid trading. Instead, each trade is placed using a market order and includes a predefined stop-loss to protect investments from sudden market swings.
Features of the Forex News Trading Robot
Single-Chart Setup
Designed for simplicity, the Forex News Trading Robot allows traders to manage trades across multiple currency pairs with just one chart. This eliminates the need for multiple charts, streamlining the trading process.
Multi-Currency Support
The robot supports multiple currency pairs, enabling traders to take advantage of favorable conditions across different currencies. This approach can help diversify a trader’s portfolio, potentially creating a more balanced and less risky trading environment.
Advanced News Filter
Equipped with an Advanced News Filter, this robot only activates trades when influenced by high-impact news events. This feature can be tested in the Strategy Tester to evaluate its performance and optimize settings.
Auto GMT Detection
The robot includes Auto GMT detection, which automatically adjusts to Greenwich Mean Time (GMT) to ensure timely market entries regardless of the user’s time zone.
Recommendations for Using the Auto News Trader
Minimum account balance of $100.
Only one chart setup is needed; attach it to a single currency pair, and it will trade across all pairs specified in the input.EURUSD is recommended, but if your broker uses suffixes (e.g., EURUSD.a), update the Symbol parameter.
Works best with GBPUSD, EURUSD, and EURGBP (though compatible with any currency pair).
Operates on the M5 time frame.MT4 does not support multi-currency backtesting, so backtests will only reflect the pair tested.
Recommend running this free forex EA on a VPS (Vultr)
Low Spread ECN account is also recommended Icmarket and Exness
Download: https://drive.google.com/file/d/1p4uBEWsuL6EBhstOm4EA6UN-KwdO2z90/view?usp=sharing