PartnerForNews

PartnerForNews trades during important economic news releases.

It opens virtual pending orders at a specified time. Virtual orders will protect you against false activations during a sharp spread widening.

5 seconds before the set time, when a new tick arrives, the EA places virtual pending orders at a predefined distance from the price. An order in the price movement direction is opened afterwards. If no order is opened, the orders are removed 5 seconds after the specified time. An open position is accompanied by a virtual trailing stop or closed by a take profit/stop loss.

The EA features virtual take profit, trailing stop and stop loss levels. They are specially adapted for using during economic news releases since they exclude a potential false activation.

The EA can work independently and catch sharp movements during a day.

Inputs

• Fix_lot - fixed initial lot;
• Dynamic_lot - initial lot calculated as lot size per 1000 units of a deposit;
• LargestLot - if true, the lot is maximum (all free funds are used);
• TakeProfit - take profit in points;
• Breakeven - set a stop loss to a breakeven, in points;
• StopLoss - stop loss, in points;
• TrailingStart - trailing stop activation level, in points of a breakeven;
• TrailingStep - trailing step value in points;
• Order_At_Time - if true, orders are opened only at a specified time;
• OpeningTime - opening time of pending orders;
• Indenting_price - indent from the price, in points;
• Pause - pause between updating virtual order levels, in seconds;
• Close_Opposite_Order - if true, an opposite pending order is removed after a market order is activated;
• Max_Spread - maximum spread for performing a trade.

Recommendations

• The user should perform testing, determine the risks and select appropriate symbols;
• It is recommended to test the robot operation on a demo account;
• Lower spread will improve results;
• Fast execution will improve results;
• The EA should be attached to charts of each traded instrument individually;
• Currency pair: any;
• Timeframe: any (recommended М1);
• Dealing center: any dealing center that supports working with metaTrader 4;
• Any account type (recommended DMA, ECN, STP, NDD);
• Recommended leverage is 1:100 and higher;
• Recommended deposit is $10 and higher.

Remember that all investment decisions are made solely by you.