Trading Economic News
This advisor trading principal is based on economic news and is a very useful tool in the portfolio of every trader. In a given time, several minutes in advance of the news issue NEWSTrader places two different orders. There is a special mode within the advisor which allows you to delete one pending order in case another pending order is made. Several intervals are possible.
The following type of orders can be used:
MarketOrders = false; //open buy and sell market orders true/false
StopOrders = true; //open buystop and sellstop pending orders true/false
LimitOrders = false; //open buylimit and selllimit pending orders true/false
OCO = true; //One-Cancel-Other mode for pending orders
extern int Dist = 50; //distance from the market price to set pending orders
There is also trailing stop added.
The advice can work both on five-digit and four-digit quotations.
extern bool Acc5Digits = false; //set true if your broker provides 5 digits for EURUSD
We also have NewsTrader Tool. Learn more...