News Trader

Discussion in 'MetaTrader Expert Advisors' started by Enivid, Sep 18, 2017.

  1. Enivid

    Enivid Administrator Staff Member

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    What exactly do you mean? Do you have some examples when the market orders work poorly?
     
  2. JJ1357

    JJ1357 Newbie

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    If there is a buy and a sell there is already a loss, if there are two pending, there may be no loss.
     
  3. Enivid

    Enivid Administrator Staff Member

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    Yeah, the whole purpose of this EA is that you lose one trade, but win the other one. Pending orders will either be skipped or executed with lots of slippage if you try using them on important news announcements.
     
  4. JJ1357

    JJ1357 Newbie

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    But the stop loss of the order that is lost will also suffer sllipage...
     
  5. Enivid

    Enivid Administrator Staff Member

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    Yes, but there is no way of avoiding a loss due to SL slippage, unless you want to trade without stop-loss.
     
  6. JJ1357

    JJ1357 Newbie

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    But in pending orders the buy or sell may not be executed and there may be no loss. And in the market orders there is already a certain loss.
     
  7. Enivid

    Enivid Administrator Staff Member

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    OK. The MT5 version of the EA uses pending orders. You can test it yourself and see how it goes.
     
  8. BluePanther

    BluePanther Trader

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    What is the difference between "News Trader" ea and "Amazing" ea? Both trade news...
    Also, is there a fully-automated news-trading ea, that uses a calendar to open trades for example?
     
  9. Enivid

    Enivid Administrator Staff Member

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    There are many differences, but the main one is that News Trader opens two trades - buy and sell - just before the news announcement, whereas Amazing EA creates a breakout range based on price action immediately before the news announcement.

    I've seen an EA like that on ForexFactory but I did not like it.
     
  10. Enivid

    Enivid Administrator Staff Member

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    News Trader version 1.03 released with some optimization towards avoiding OrderSend Error 129 (Return code 10015 or TRADE_RETCODE_INVALID_PRICE in MT5) and some logging improvement.
     

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