Automatic News Trader EA

This automatic Forex news trading EA is available for free download. It merely uses High impact news to trade and has no indicator-based trading system. The method of trading forex news is easy to understand. Market prices will change following significant news releases, based on the information released.

A scheduled economic news might cause a currency pair to gain or lose 100 pip in an instant. According to research, news releases can influence a currency to gain or lose 20 to 300 pip in just a few minutes. The fact that the news releases’ date and timing are announced in advance is the nicest feature about this.

If the news has a substantial impact on the Forex rates, Automatic News Trader will place pending orders in both directions so that you are prepared to capitalize on the market’s momentum. Automatic news downloads from dependable internet sources, like ForexFactory, are then filtered to meet your needs and tastes. All of the news can be seen and traded, or simply the news pertaining to the current pair. There are also a number of additional filters, including the effect that news has on the markets, whether or not the anticipated outcome of upcoming reports will differ from those of earlier reports (an indication of a greater expectation of price movement), and others.

It avoids risky trading strategies like the martingale, grid, head, etc. It can trade using a fixed lot or an auto lot that automatically increases the amount of the transaction based on the set criteria. Because this EA’s maximum drawdown % is low, it is possible to use it with only a small initial investment.

Recommendations

• $100 is the minimum balance required.
• Function optimally on the GBPUSD, AUDUSD, USDJPY, and EURUSD. (Attain any pair.)
• On all TimeFrames, operate similarly.
• This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM). 
• low spread ECN account is also advised (Find the Perfect Broker For You Here).