the Canadian trade balance report. To use this, add the desired news to be traded and specify the numerical deviation for opening an order. ATR UseATR (default false) if true, ATR indicator determines the stop-loss and take-profit levels. The Buy and Sell entries are shown with two arrows pointing to the right. Notes: In MT5 (netting mode the Both option uses pending orders because it is impossible to open two opposite positions forex management notes for the same currency pair in MT5 without hedging mode. However, ATR-based stop-loss and take-profit setting is available too. This EA will do it automatically. I recommend setting 10 standard pips stop-loss and 50 pips take-profit on such news as GDP, CPI, or retail sales.
Ignored if UseATR true. Alternatively, use the hedging MT5 account. In this case, you may experience a loss twice your original intended risk size. The take-profit levels are the blue dashes. This EA supports flexible position sizing in can retail forex traders make money addition to the usual fixed position size. The robot works with pending and market orders. The profit was about three times the loss in this case, which is good but not great. Required only if MM true.
News Trader is a MetaTrader expert advisor developed to help, forex traders with news trading opportunities that arise during important macroeconomic releases. The EA can be used to trade news volatility straddle strategy. Forex, top, news - Here you can find announcements. Forex and commodity markets, companies and stocks, and global economies from approximately 500 news providers, including central banks, credit rating agencies, auditors, stock exchanges, and major news agencies such as Reuters, MarketWatch, and cnbc.