If you feel you want a piece of the big movements from the Forex market, you may want to use a robot that helps you do just that, only without the emotions and inconsistencies of the human touch.
News Expert Advisor for MT4 trades based on large movements, without using indicators. So, the EA is programmed to follow the market news to identify potential major movements and trade accordingly.
It will, basically, put an order for a predefined period of time from the moment the news is released. If the market moves the opposite way, it will reverse the order. Afterwards, the EA will go to trailing orders.
News Expert Advisor for MetaTrader 4 Features
The News Expert Advisor uses several order types:
The EA stops orders at a specific distance from the current market price, using charts and currency prices. If the price goes in a certain direction at a speeding rate, the EA reverses the order and stops losses.
The timeframe that the developers recommend using this EA is M15 for optimal results, but you don’t have to limit to that. You may try several timeframes to see what works best for you.
One of the most important features of this EA is the possibility to test it in order to determine what the best parameters are. This no indicators News EA does not come with an actual news calendar, but it relies on the effects of news on the currencies market, rather than on assuming the results of that news.
Want to try another robot? Pick the best one for MetaTrader 4 using our table below!