Specification

I need an EA which only trades the news data.

The EA has to analyze the news-data and needs to classify them into categories.

The Strategy includes the following points and this features needs to be included :


1. Filter for news Data : 

Pairs :  USD ● EUR ● AUD ● GBP

News Events : 

  • GDP
  • Unemployment rate (initial claims)
  • CB Consumer Confidence (US)
  • Retail sales
  • Consumer Price Index (CPI)
  • Purchasing Managers' Index (PMI)
  • Producer Price Index (PPI)
  • Interest rate decisions

  • 2. Positions : 

  • Timing of positioning The positioning should be adjustable.
  • There should be the possibility to include various indicators and similar calculations in the positioning in the next instance, e.g., range calculations, round levels, etc.


  • 3. Execution via Limit Orders : 

  • The order execution should take place via limit order.
  • Before EACH news event, a limit short and a limit long should be created.

  • 4. Trail Stop : 

    • The goal is to work with a fast trailing stop, which secures the position with a break-even (BE) in the first period and then trails afterwards.



    To develop an effective trading strategy based on news events, the following steps are crucial:

    1. Collection and analysis of news event data:

      • Identify and collect relevant news events with precise timestamps and historical market reactions.
    2. Timing of positioning:

      • Determine the optimal timing for placing trades before news events by analyzing historical data.
    3. Appropriate indicator for limit orders:

      • Develop an indicator to quantify the expected market movement and set appropriate limit orders based on historical volatilities and event types.
    4. Different impacts of news events:

      • Differentiate market reactions to various news events and identify those with the greatest impact.
    5. Evaluation and adjustment:

      • Evaluate the initial trades, identify the events with the greatest impact, and continuously adjust the strategy to optimize profitability.



    The EA needs to be able to be backtested with historical news data.

    There should be also a panel on the chart to show the current news events and what the bot next steps would be to know as much as possible about the news events.

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    Project information

    Budget
    50 - 100 USD
    VAT (19%): 9.5 - 19 USD
    Total: 59.5 - 119 USD
    For the developer
    45 - 90 USD