NewsTool

Unpredictable movements of the market are possible at the moment of appearance of economic news. In order to prevent loss many traders stop operation of the expert advisor and close all orders some hours before appearance of important economic news; then they start the expert advisor after the market "has worked off" the news.

We have developed NewsTool which will help you to automate this and many other processes, connected with appearance of news. NewsTool loads a calendar of economic events from two web-sites: forexfactory and dailyfx. You can look through the calendar in a separate window of newsTool and choose news according to the currency or date of appearance.

The same window also allows you to choose news, which, in your opinion, can affect the work of your advisor, and to set time up to news and time after news.

At the same time a script in metatrader can execute any action or several actions set by you:

-remove all open orders CloseOrders = true/false;
-remove all pending orders DeleteOrders = true/false;
-close the chart on which the advisor works CloseCharts = true/false;
-close metatraderÐ’  CloseTerminal = true/false;
-and open metatrader at preset time StartTerminal = true/false.

You can also set execution of these actions at appearance of news, which have mark "important" or "average importance", etc. (news have three priority degrees). The synthesizer of speech is built in the tool; at extra cost we can adjust voice readings of news.
On the basis of the given tool you can automate any trading strategy, based on news. For additional payment we can adjust the tool to your strategy. Also testing of strategy on historical data is possible, as there are archives of the economic calendar.