FAN Trading Robot

An automated trading system called the FAN Trading Robot was created to profit from major news stories that cause notable volatility in the currency markets. The strategy’s fundamental reasoning is based on a mean-reversion approach that exploits intraday seasonal volatility. The Forex News Trader Robot is far more selective than other trading robots, which might need a steady flow of trades to function. It will only go on sale just before a major news event that is anticipated to have a significant impact is anticipated, so maximizing potential returns while lowering risk.

Algorithms are used by Auto News Trader EA to identify market entry and exit points. It does not use grid or martingale tactics, in contrast to certain other systems. Market orders are used to execute each trade, and they come with a predetermined stop loss to protect investments from unanticipated market volatility.

The FAN Trading Robot’s features

One Chart Setup

The simplicity and efficiency of the Forex News Trading Robot’s design are key features. Multiple charts for different currency pairs are not necessary for traders. Rather, all symbols can be traded with just one chart setup, which removes clutter and offers a more efficient trading environment.

Multiple Currency Pairs Support

Because this trading robot supports multiple currency pairs, traders can concentrate on the best trading opportunities available across a range of currencies. This may boost portfolio diversification and result in more balanced, lower-risk holdings.

Superior News Filter

There is an Advanced News Filter included with the News Trader Robot. This guarantees that trades are only triggered when they are most likely impacted by significant news events. Additionally, the Strategy Tester allows for the retroactive testing of this feature to assess its effectiveness and maximize performance.

Auto GMT Detection

The trading robot’s Auto GMT detection feature is particularly useful as it automatically modifies the trading time according to Greenwich Mean Time (GMT). This ensures that the robot enters the market at the optimal moment, irrespective of your local time zone.

Recommendations

• $100 is the minimum account balance.
• There is only one chart setup for this EA, so only one pair needs to be attached. Every pair specified by the input parameter will be traded on.
• It is advised to trade EURUSD, and you should update the names in the Symbol parameter if your broker uses a suffix (such as EURUSD.a).
• Work on any currency pair, but GBPUSD, EURUSD, and EURGBP are the best.
  Exclusively Use the M5.
• You can only obtain the result of the single pair you tested when you backtest this EA because MT4 is unable to conduct multi-currency backtests.
• 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).