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In some rare cases, some traders may want to use limit orders instead of stop ones, to catch the reversion of a price move. Grid pending trap: Similar to pending trap strategy, but grid pending trap strategy sets a series of pending orders like a grid. This strategy catches the price move in smaller parts and sums them up in the final result.
This is great when combining with news, when the price usually has big move. However, do not set the initial lot size too large since if there are spikes on the news, your account will be margin called before price moves in one direction. This strategy is suitable for important news that impact the market in mid to long-term. Trigger time before news release: The number of seconds before news release that strategy will be executed.
If you want to test the strategy or trade manually without waiting for news release, just set this factor at a big number such as , then it will execute the plan right after you apply. Trailing stoploss: Start trailing stoploss level with a fixed distance when that trailing stoploss level is far at number of point from entry point. This helps you to avoid unwanted stoploss when spread is widen.
If you have further concern, please leave your question at our contact page. Compare with our other products. Setup to trade the selected news automatically with flexible strategies and parameters. The best news EA here with different strategies to trade the news. Well designed panel which keeps things clean and tidy within one window. Han Siang Singapore. This is an amazing EA. It has multiple strategies out of the box for you to trade.
I absolutely love this EA and I will highly recommend it to anyone… and for those who think this is just a news EA, its more than that. I just used it to scalp few pips on my live account while testing it, and it worked like a charm. Bullish United States. I have just purchased this EA and I am very happy with it. I must say that the developer is very understanding and will always be there to support. Andrew Pepera United Kingdom. This is a nice EA.
I am satisfy with it and I will like to recommend it to my friends. Osogunle Nigeria. Ralph Holdermann Somewhere. I have been looking for the news scalping strategy, it looks like i am finally finding it here. Phendukani South Africa.
Manual Guide 1. Viewing options After installation, you will see the news listed on the panel. View mode: This week: All news of the current week will be shown. Impact level: Select which impact level of news will be shown. Currency: Select which related currency of news will be shown. Strategy setup panel Click to any upcoming news in the list, strategy setup panel for that news will popup. What can Forex News Trader do?
Forex News Trader is a unique robot that allows you to trade the news by your predefined strategy and parameters automatically when the news comes. How can I backtest this EA? You cannot backtest this EA because it requires your interact and the data feed in real-time. Instead, you can register trial license to use it for free in 7 days before purchasing. Which strategy and parameters should I choose to get most effect in news trading?
This tool is not a fully automated robot, it requires your trading setup for each news to work. So, there is no given recommendation on strategy or parameters. Local Trade Copier. Remote Trade Copier. Remote Trade Copier Unlimited.
Forex News Trader. Auto Trade Driver. My Money Manager. Trade Controller. Currency Power Indicator. Forex Power Pack. All rights reserved. Fully automated update data. Support multiple data sources. Flexible news events filter. Non-disturb alert not alert at night. After the attack of Russian troops, hundreds Read More. There has been a record low for a Report lately. A hostile macroeconomic backdrop and even negative litigation have pushed Read More. Investors are increasingly turning to the Forex market as time goes on.
Therefore, Forex brokers are in high demand. As Read More. Stay up to date with the financial markets everywhere you go. Trade the Bitcoin and altcoins at the most advanced web trading platform with a regulated broker. Forex News Now - Your best source of the financial trading news. Apply for an account. Top Stories.
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