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Amazing Expert Advisor
Amazing Forex expert advisor is not a common expert
advisor which would use some implemented trading strategy and earn you money
automatically. It is a "news trader". A form of automated breakout trader
which only works on the set date and time (the ones of the Forex related news,
like interest rates decision, you are expecting). You give it the day, hour and
minutes of the upcoming news release and it determines the best breakout ranges,
stop-loss, take-profit and trailing stop-loss to use in the current market
conditions. This EA is available for MT4 and MT5. The MT5 version is fully
functional but probably shouldn't be used with other EAs on the same currency
pair.
Obviously enough I do not include any test results with it. I just recommend
you to use it if you are in the Forex news trading and prefer fundamental
analysis over the technical analysis.
MiniFAQ
What input parameters do I need to set?
There are only 3 parameters that require your modification — Day, Hour and
Minute of the news release:
- NDay — should be set to the day of month (from 1 to 31) on which the
news comes out; this day should be within the current month and the current year,
of course.
- NHour — should be set to the hour (from 0 to 23) when the news comes
out.
- NMinute — should be set to the minute (from 0 to 59) when the news
comes out.
Don't forget to check the difference between the time zone of your MetaTrader 4
platform and the time zone of the news you are awaiting.
You can also modify other paramters if you want:
- TP — target profit in pips.
- CTCBN — number of candles to check before the news release to determine
the high and lows.
- SecBPO — seconds before the news release to place the pending orders.
- SecBMO — seconds before the news release when the orders can no longer
be modified.
- STWAN — seconds after the news release to delete all pending orders.
- OCO — if one order is triggered it will cancel the other.
- BEPips — number of profitable pips before using a traling stop.
Downloads
Download Amazing expert advisor for MT4
Download zipped Amazing expert advisor for MT4
Download Amazing expert advisor for MT5
Download zipped Amazing expert advisor for MT5
Discussion
Warning! Before you ask any basic questions regarding installation of
the expert advisors, please, read this
MT4 Expert Advisors Tutorial
to get the elementary knowledge on handling them.
Do you have your own trading results or any other remarks regarding this
expert advisor? Discuss Amazing with other traders and MQL programmers on the experts forums.
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