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CAP News Trading MT5

3.5

Need to open a pending order at news time, or need to open a pending/instant order at a specific time?   CAP News Trading EA is the right tool for you. The  News Trading EA opens pending orders at a specific time or specific date for you avoiding human errors and enhancing your trading activity. It is useful for news traders who open pending orders before the news come out.

News trading is one of the most difficult disciplines – but it can also be one of the most profitable ones if you know the right method. It is true, nobody can predict figures delivered by a major news event like NFP or ECB decisions. And even if you knew the results – nobody knows how the market will react to the news. In fact, most of the time there are as many reasons for the market coming out bullish as there are for a bearish result.

CAP News Trading EA helps you automate such news trading almost completely. With CAP News Trading you can open one or more pending orders at news time (of course you can also open market orders at a specific time). You are in full control of the news event. You enter the time when news comes out (date and time when pending orders are opened), control the distance between market price and STOP BUY / STOP SELL, establish STOP LOSS and TAKE PROFIT depending on price of trade opening and delete opposite pending order if one order is triggered (OCO, one cancels other). You even have the comfortable choice between several ways to save your profit like moving STOP LOSS to break even after trend has gone some distance in the right direction or establishing a TRAILING STOP LOSS at a predefined distance.[ Installation Guide | Update Guide | Submit Your Problem | All Products ]

The EA performs the following tasks

  • It can open pending/instant orders at a given distance from the current price by the one-click panel.
  • It can open pending/instant orders at a specific day (like on a weekly schedule) and time.
  • It can delete opposite pending orders if one order is triggered (OCO) (optional).
  • It can delete/close pending/instant orders at a specific date/time (optional).
  • This EA can work on a pair or an index.

Other cool features are

  • One-click trading panel.
  • Auto download news time from news website.
  • Check the product in the strategy tester in Visualization mode.
  • You can set Maximum Spread to open a pending order (useful for news traders).
  • Integrated money management: auto lot sizing (optional).
  • You can set a pending order by a floating price.
  • Delete a pending order when the opposite pending order is active (true/false).


Input Parameters

For a complete description of the input parameters of the EA, kindly read the   user guide.


    IMPORTANT: To enable News Stop Trading and AutoGMT, tick the "Allow WebRequest" option and add this two URL:


    Official Channel

    To get product news, setting files, and free indicators, please subscribe to our Official Channel.

    Author

    MOHAMMAD ALI, technical analyst and speculator, software engineer and founder of MeetAlgo LLC


    Reviews 3
    igor.bracinac
    36
    igor.bracinac 2020.12.16 23:30 
     

    GREAT EA!!!. I am using it for several months. So far IT WORKS EXCELLENT. It has a lot of options, you can make a lot of setups. Like any other EA, it's not a Holly Grale, you need to have a strategy and a setup that works. I use 3 more EA's from the same author, and everyone works well. Excellent job Mohammad! Thank you :)

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    Filter:
    Michael Hang Quan
    316
    Michael Hang Quan 2023.09.24 19:32 
     

    This EA has bugs, and it does not support auto calendar event management.

    igor.bracinac
    36
    igor.bracinac 2020.12.16 23:30 
     

    GREAT EA!!!. I am using it for several months. So far IT WORKS EXCELLENT. It has a lot of options, you can make a lot of setups. Like any other EA, it's not a Holly Grale, you need to have a strategy and a setup that works. I use 3 more EA's from the same author, and everyone works well. Excellent job Mohammad! Thank you :)

    SEVER-NSK
    19
    SEVER-NSK 2017.11.08 16:42 
     

    User didn't leave any comment to the rating

    Reply to review
    Version 7.5 2024.05.24
    FIXED BUGS: From the previous week the news filter stopped working. In this version add a new input 'News URL' where there are different URLs of the news filter. You can select a news URL that works with you. There are three news source URLs -

    https: // ec.forexprostools.com
    https: // sslecal2.investing.com
    https: // sslecal2.forexprostools.com

    Keep IN MIND - If you select any news URL, you have to add the URL into Allow 'WebRequest for listed URL'
    Version 7.2 2023.04.01
    FIXED BUGS: The news filter not working, we fixed this issue. Please Add a new link to Terminal Options. The new link will be shown by EA
    Version 7.1 2022.02.26
    UPDATED – Change our branding name 'CAP' to 'MeetAlgo'
    FIXED BUGS: News filters
    Version 7.0 2021.11.27
    -->Minor Update, only internal coding
    Version 6.50 2020.01.21
    -->Minor internal coding update
    Version 6.20 2019.10.03
    -->Bugs Fixed
    ---> Floating Distance didn't work on previous version. Problem fixed this verison
    Version 6.10 2019.09.23
    -->Minor Update.
    -->Improved Coding.
    Version 6.0 2019.02.13
    -->Improved Coding.
    Version 5.60 2018.11.01
    -New Inputs Add
    -->CustomNews - true/false, Enable custom news time
    -->CustomNewsEvent - Put News Event (Separate by semicolon ;) example "Interest Rate; Press Conference"

    -Improved
    -->Fixed EA's dashboard for high resolution monitor. Previous version dashboard going to small on high resolution monitor.

    Note- We update product description. Please read again new description.
    Version 5.0 2018.04.27
    - Major input and function modification.
    - Improved Coding.
    - Added auto news time download function.

    Note: major changes have been made in this version, and the description was updated as well. Please read the new description.
    Version 3.10 2018.02.20
    Major Error Fixed
    --> EA Stop trading - We fixed it this version.
    Version 3.0 2016.11.02
    Added new properties:
    - Open Pending Order Base On: Select how EA calculate pending order's price level.
    1.Fix Distance : Open pending order Fix distance from current price.
    2.High/Low Level : Open pending order base on highest/lowest value from Number of Candle.
    3.Last Factal Level : Open pending order base on latest Upper/Lower factal value.


    Note : We update our product description. So you can check new description.
    Caution : Don't update you product when you have existing trade.
    Version 2.10 2015.11.12
    1. Minor bugs fixed.

    2. Deleted parameters BuyPendingDistance and SellPendingDistance and new name PendingDistance. Only one parameter is used to control both parameters.

    3. Changed property name:
    ---Expiration to ExpirationInSeconds

    4. Added new properties:
    ---Delete Pending Order After Expiration (true/false)
    ---Delete Open Order After Expiration (true/false)
    ---Both properties work with ExpirationInSeconds.
    Example: set ExpirationInSeconds=60 and Delete Pending Order After Expiration = true. That means after 60 seconds from opening time, all pending orders are removed. If you set ExpirationInSeconds=60 and Delete Open Order After Expiration = true, then after 60 seconds from opening time, all open orders are closed. So, you can now select what you do after expiration, delete pending orders or close an open order or you can select both.