GRat News

GRat_News is a fully automatic Expert Advisor that trades important news at the beginning of the European and American trading sessions - at the moments of volatility spikes (hereinafter - Events). Recognizes the value of newly released important news. Takes the server time into account. You can test it on history data.

Features

1. Automatically reads current important news.
2. Converts the Event time to the server time with consideration of Daily Saving Time. The default settings are for EET.
3. Before an Event, it places pending stop orders at the upper and lower Bollinger Bands, if the price is near the middle Bollinger line.
4. If the value of the released news is close to the forecasted one, the stop orders are deleted.
5. If the value of released news implies a sharp price movement in any direction, the opposite stop order is deleted.
6. Untriggered stop orders are deleted after a certain time.
7. The activated orders are closed by take profit, trailing stop or at the end of the day.
8. The lot size can be either constant or proportional.

Timeframes and pairs

1. M1: EURUSD

Preparation for work

1. In Tools - Options - Expert Advisors tick Allow WebRequest for listed URL, add the http://ec.forexprostools.com URL.
2. For testing, a news history file for the testing period in the .csv format (separated by “;”) is required. It should include only the most significant news affecting the EURUSD pair. The history file should not contain more than 5000 entries and more than 4 simultaneous news items. File format:

YYYY.MM.DD HH:MM;Name;Currency;Forecast;Actual, where

YYYY.MM.DD HH:MM – news release time (GMT),

Name – the name of the news in English, as in http://ec.forexprostools.com,

Currency – currency,

Forecast – the expected news value,

Actual – the actual news value.

Example of file contents:

2017.11.24 04:00;German Ifo Business Climate Index (Nov);EUR;116.6;117.5

2017.11.27 10:00;New Home Sales (Oct);USD;625K;685K

2017.11.28 02:30;BoE Gov Carney Speaks;GBP;;

2017.11.28 09:45;FOMC Member Powell Speaks;USD;;

The file must be located in testerfiles.

Parameters

• Lots – lot size of an order opened within the original strategy, with the account equity specified in the Equity parameter.
• Equity – the account equity, at which the size of the original strategy order lot is equal to Lots (for proportional lot). To keep lot constant set Equity = 0.
• PriceDeltaPoints – the number of price changes for the next calculation of EA. Used to filter small price fluctuations.
• ServerUTCOffset – the time difference between the standard server time and UTC.
• ServerDSTStart – a string of the form [W<w>]D<d>M<m>[H<h>], specifying the transition to DST server time, where
• <w> - transition week, 0 - latest;
• <d> - transition day of the week, 0 - Sunday, 1 - Monday, etc; if [W<w>] is not specified, then <d> - day of the month;
• <m> - transition month;
• <h> - transition hour, 0 if [H<h>] is not specified.

The default value is for EET: W0D0M3H1 – the last Sunday of March at 01:00 server time.

• ServerDSTEnd – a string similar to ServerDSTStart, specifying the transition from DST to standard server time. The default value is for EET: W0D0M10H1 – the last Sunday of October at 01:00 server time.
• OpenSecondsBefore – the number of seconds before an Event to place stop orders.
• TrailSeconds – the number of seconds after the Event to start trailing stop.
• VTMinutes – the number of minutes after the Event to gradually decrease the distance and step of trailing stop.
• CloseHour - hour to force close orders at the end of the day.
• BBPeriod - averaging period to calculate the Bollinger Bands.
• BBLevel – the level (the number of standard deviations from the middle Bollinger line) to place stop orders.
• BBLevelTake – take profit level relative to BBLevel.
• BBLevelTrail – trailing stop level relative to BBLevel.
• BBLevelStep – trailing stop step relative to BBLevel.
• KU – the ratio of the volatility of the American session to the European one.
• TestNewsFile - the name of the news history file for testing.