Market / MetaTrader 4 / Utilities /

News Filter based EA Controller

30 USD

Demo downloaded: 94

Published: 16 September 2016

Current version: 1.3

News Filter based EA Controller

1.5

Utilities
Artur Nalobin
Version: 1.3
Updated: 16 March 2021
Activations: 10

The News Filter based EA Controller (NFC) is a very convenient utility to control the live trading status of your Expert Advisors during important news events. The NFC was programmed to prevent all Expert Advisors of live trading during significant news events. The NFC is resource-efficient and uses the Forex Factory Calendar. It is not necessary to set offset hours dependent on your broker, it will be done by the NFC.

The NFC was successfully used and tested under MetaTrader 4 on a personal computer with Microsoft Windows as operating system. It cannot be guaranteed, that it will work on other systems. Nevertheless I'm interested in removing all limitations existing on other operating systems. Set the NFC to any Chart with any Time Frame and allow Live Trading. The Controller will check after a specified time if it is necessary to prevent EAs of live trading or not. Please note, that during the news event period no new trades can be opened and no current trades can be closed by other Expert Advisors.

How does the NFC work in detail?

Due to the fact that the usage of DLLs in the MQL Market is not allowed, you can not enable or disable the interior Live Trading Condition of the MetaTrader. To overcome this issue, the NFC works as follows during important news events. A specific time before a significant news event the NFC saves the Properties and Templates of all Charts (including all settings of the Expert Advisors and Indicators) and closes all Charts except the Chart with the NFC. After the news event is over it opens the saved Charts and applies the saved Templates to these Charts. Thereby, the templates will be saved in the templates folder and the settings of the Charts will be saved within a csv file in the MQL4/Files folder of the current MT4 Client.

Steps for correct Implementation

Add the following Link to the allowed WebRequests in the MetaTrader 4 and enable this option: "http://nfs.faireconomy.media/ff_calendar_thisweek.xml"
Add the NFC to any Chart with any Time Frame and enable the Live Trading option

Be careful with NFC settings which close trades and orders, as new trades or orders can be opened by other Expert Advisors during the process when the NFC disables live trading! For correct operation you have to enable the Live Trading option for the NFC. Otherwise Expert Advisors will be applied by the templates without Live Trading option! Before using the NFC with your major MT4 Client, test the NFC and its settings with a trial MT4 Client. Further, please make a backup of the profile with your individual settings before using NFC, as errors and bugs of MetaTrader can damage the current profile. Even though it never happened to me, a backup can save you a lot of troubles!

Settings and Parameters

News Filter Settings

Enable NFC Operation
Update Interval for News
Disable EAs only if all Trades and Orders are closed
Enable EAs after News (in Minutes)
Disable EAs before News (in Minutes)
Minimum Impact of News

Session Settings

Session Number
Load previously saved Session (false: Delete old Session)

Order and Trade Settings

Close pending Orders
Close active Trades
Close only Trades in Profit
Close only Trades in Loss

Currency Settings

Use Filter for all News
Use Filter for EUR News
Use Filter for USD News
Use Filter for GBP News
Use Filter for JPY News
Use Filter for NZD News
Use Filter for AUD News
Use Filter for CHF News
Use Filter for CAD News
Use Filter for CNY News

Other Settings

Consider all Magic Numbers
Magic Number
Consider all Symbols (false: Consider Symbol of current Chart)
Maximum Attempts to close and delete Orders
Maximum Slippage in Pips to close Trades
URL for News

Responsibility

The Developer is not responsible for any loss, damage and missed profit caused by this product.

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Filter:

3480

Koenraad Vanhaeren 2022.11.07 19:57 #

It doesn't work properly and the author doesn't respond

824

dp35 2022.02.24 16:10 #

Works well when it does work, but lost two ftmo accounts with this due it not working on a few different occasions.

Version 1.3 2021.03.16

- Changed URL (new URL: http://nfs.faireconomy.media/ff_calendar_thisweek.xml)
- Added the possibility to customize the URL in the settings: URL for News

Version 1.2 2019.07.17

- Changed URL (new URL: http://cdn-nfs.faireconomy.media/ff_calendar_thisweek.xml)
- Fixed minor bugs

Version 1.1 2017.03.21

Bugs fixed:
- News could not be loaded
- Charts templates could not be saved and opened