News Trade EA MT5 unlimited

Monitoring default settings in fully automatic mode: https://www.mql5.com/en/signals/1447007 . Attach the EA to the GBPUSD chart of any timeframe (the timeframe doesn’t matter) to get the same result.

Monitoring of a new set of settings (see the “Description” tab for the signal): https://www.mql5.com/en/signals/1866087

When creating your own sets of settings for this EA, refer to the description of all parameters in the blog.

Description of the main default settings

The work is on pairs with GBP (GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, GBPCHF) from one chart. GBP is the most volatile currency, which gives more chances for a successful exit from the deal.

• Use_Symbols_from_Line = true;
• Symbols_Line = GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, GBPCHF.

Pending orders are opened before the news of the currencies of the currency pair, in addition to the GBP (so that several orders are not opened at the same time). Thus, GBPUSD orders open before USD news, EURGBP orders before EUR news, GBPJPY orders before JPY news, etc. High importance news are taken into account.

• News_currency_pairs = true;
• Excluded_currency_str = GBP;
• IncludeHigh = true.

If speeches of high and medium importance are scheduled in the coming hours, orders will not be opened.

• IncludeSpeaks = false;
• SpeaksHigh = true;
• SpeaksMedium = true.

To get more trades (more aggressive option) set SpeaksHigh = false and SpeaksMedium = false, then the speeches will not block the opening of orders.

A fake price movement is expected before the news is published, so LIMIT orders are used at a distance of 2.5 points from the price. Pending orders are opened in both directions (BUY and SELL). When one of the orders is triggered, the other one is deleted; if during the specified time none of the orders worked, then both are deleted.

• Trade_Direction = BUY_and_SELL;
• Type_Orders = ORDERS_LIMIT;
• Offset_from_price = 2.5.