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The Forex News Trading Robot is an automatic trading system created to profit from the significant volatility in the currency markets caused by high-impact news events. The fundamental reasoning is based on a mean-reversion approach that exploits intraday seasonal volatility. The Forex News Trader Robot is far more discriminating than other trading robots, which can need a steady stream of trades to be profitable. It won’t go on sale until just before a major news event is anticipated, which will maximize the chance of significant profits while lowering risk.
Algorithms are used by Auto News Trader EA to decide when to enter and quit the market. It does not use grid or martingale strategies, in contrast to some systems. Each trade is carried out using market orders, each with a predetermined stop loss to protect investments from unanticipated market volatility.
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Recommendations
- $100 is the minimum balance required.
- Since this EA only requires one chart configuration, just one pair needs to be attached. All the pairs listed in the input parameter will be traded.
- It is advised to use EURUSD, and you should alter names in the Symbol field if your broker adds a suffix (for example, EURUSD.a).
- Work on any currency pair, however GBPUSD, EURUSD, and EURGBP are the best options.
- just on the M5.
- Since multi-currency backtests are not possible on MT4, the results of the backtest of this EA are limited to the results of the single pair that was tested.
- This free forex EA should be run 24/5 on a VPS (Reliable and Trusted FOREX VPS – FXVM).
- low spread ECN account is also advised (Find the Perfect Broker For You Here).
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
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