- April 15, 2022
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Forex News EA Review:
Forex News EA Free is a mean-reversion strategy that takes advantage of intraday seasonal volatility patterns induced by major news events. It enters the market at a specific point in time, just before a major news occurrence.
It doesn’t trade very often!
The Forex News EA does not employ a grid or a martingale, and each trade is protected by a stop loss! EA is FIFO compatible
Supported currency pairs: GBPUSD, EURUSD, EURGBP
Recommended timeframe: M5 The EA should always be running on a VPS.
The forex ea news trading works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Best Brokers List
|BROKER NAME||REGISTER||Year Founded||Headquartered||Leverage||Minimum Deposit||Regulating|
|1:1000||$5||ASIC, CySEC , IFSC|
🇧🇸 The Bahamas
|1:1000||$200||ASIC, SCB, FSA|
|1:Unlimited||$10||CySEC, FCA, FSCA, FSA, BVI|
|1:500||$200||FCA , ASIC, DFSA|
|1:400||$100||CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA|
Forex Ea News Trading Settings :
Forex News Killer Features:
One Chart Setup: To trade all symbols, you just need one chart.
There are several currency pairs that may be used.
Backtesting and live performance were both excellent.
News Filter (Advanced) (can be used in Strategy Tester).
Automatically detects the time zone. System for self-diagnosis.
Forex News EA Results :
To backtest the Forex News EA , download the ‘NewsEvents.txt’ news events data file and save it to the MT4/5 common files directory (File -> Open Data Folder -> Up to ‘Terminal’ -> Common -> Files).
Download Link : https://c.mql5.com/31/712/NewsEvents.txt
In the Comments area, you’ll find the data file.
How to set up Only one M5 chart should be used with the Forex News EA, and EURUSD is suggested. You should edit names in the Symbol argument if your broker uses a suffix (e.g. EURUSD.a).
Only use the approved pairings. You do not require. All settings are saved in the forex ea news trading’s internal set files.
Please enable web access to the following URLs for news filtering and GMT detection:
We highly recommend trying this trading system for at least a week with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.