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BF News Trader EA

FREE

Published: 13 May 2020

Current version: 1.2

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Overview
Reviews (9)
Comments (68)
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BF News Trader EA

Name: BF News Trader EA
Rating: 4.25 (8 reviews)
Author: Lachezar Krastev

4.25

Experts
Lachezar Krastev
Version: 1.2
Updated: 23 July 2021

BF News Trader EA is the most advanced FREE tool for high impact news trading on the market. Usually, when a major news event occurs, the price spikes in one or both directions and this creates an opportunity for short-term scalping. If the magnitude of the price movement is big enough, the trader could gain 20, or in some rare cases even more than 100 pips in a few seconds. Of course, nothing is perfect and the liquidity issues in such high volatility moments could lead to spread increase, execution delay and slippage. However, if you want to try this type of trading free of charge, BF News Trader EA is the right tool for you.

BF News Trader EA features

Semi-automated and fully automated modes
Precise time filter
High spread detection filter
Single or multiple-cascade orders modes
Exit by a trailing stop, or back-tick detection
Multiple currency pairs support
Longs only and shorts only option

...If you are into news trading, News Trader EA is the best tool for you!

If you wish to check a professional expert advisor for trading news please check News Scope EA PRO

Instructions and recommendations

Recommended timeframe: M1

Supported currency pairs: EURUSD, GBPUSD, AUDUSD, USDCAD and USDJPY.

I have prepared set files for each supported pair. Since I cannot include them here i have uploaded them in the blog. Please check this post: https://www.mql5.com/en/blogs/post/736549

Please, make sure that you have loaded the set files for each individual currency pair!

IMPORTANT: Use “News Trader EA” only on well-known ECN brokers with good reputation. If you notice repeatedly unusual spread increase, too high slippage, or execution delay, you should not use News Trader EA on this broker anymore.

BF News Trader EA Settings

==== Risk Management ====

FixedLots - fixed trading volume (works if AutoMM=0).
AutoMM - values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).

==== General Settings ====

Slippage - maximal allowed slippage for position opening.
MaxSpread - maximal allowed spread for position opening.
MagicNumber - magic number - it is extremely important to keep this different for all robots.
StartTrail - value in pips. When trade's profit is equal to this value the EA set trailing stop.
TrailStop - value in pips. The trailing stop value.
EA_Coment - text which will be added as a comment to each trade opened by BF News Trader EA.

==== Pending Orders Settings ====

PlaceOrders_OnInit - true/false - whether to place or not pending orders during initialization of the EA.
ExitAll_OnDeinit - true/false - whether to close or not all orders during de-initialization of the EA.
ExitAll_OnInit - true/false - whether to close or not all orders during initialization of the EA.
CloseOnTradeHour - true/false - whether to close or not all orders before to place pending orders.
TradeDirection - possible values: -1 only short trades; +1 only long trades; 0 long and short trades;
AddDistance - the distance between the current price and the first pending order in pips.
AddStep - the distance between each pending orders in pips.
AddCount - the number of pending orders to be placed.
StopLoss - the stop loss value for pending orders. 0 - means not stop loss.
ExpireMinutes - the expiration time for pending orders in minutes.
DeleteAfterSeconds - placed pending orders will be deleted X second after the news release (X is value of DeleteAfterSeconds)
CloseOnReversePips - when there is a reverse X pips then the EA will close all active orders with the idea to protect the profit. (X is value of CloseOnReversePips)
........

For more info, complete list of settings and .set files, visit the blog!

If you like my product, please write a review! I will be very grateful!

You can check out my other products in my profile!

If you want to be notified of my new products, please add me as a friend!

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2325

MattyTrading 2023.10.17 09:13 #

SIEMPRE me gustaron los robots de Noticias y este supera las espectativas .BUEN TRABAJO GRACIAS

804

NN 2023.07.07 18:47 #

This Programmer created a very easy to use EA for News Trading that is profitable. Thank you!

1120

yalewang 2023.06.11 15:35 #

i will test it next week .

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MACD Trend EA is based on the popular forex indicator MACD (Moving Average Convergence Divergence). It is fully automated trading expert advisor and completely FREE! As the name suggests, this expert advisor uses a trend-following strategy and uses the MACD indicator to detect the beginning of uptrends and downtrends. MACD Trend EA Top Features - Trend Following Strategy - Money Management - Advanced Exit System + TP and SL - Trailing Stop System - Broker protection System - Custom Magic Re

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The Omega Trend Indicator is an advanced tool that has been specifically designed to detect market trends early, and follow them efficiently. The indicator draws two lines. The main (thicker) Trend Line represents the presumed lower or upper volatility limits of the current market trend. A break in the main Trend Line indicates a potential reversal or shift in the movement of the trend. The Trend Line also indicates the best point to place a stop loss order. In Omega Trend Indicator, the Trend L

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Trend Power Bot is a unique combination between highly efficient breakout detecting algorithm and very effective drawdown compensation money management. The money management could be considered a martingale, but used with low risk, the strategy survives 20+ years trading with acceptable drawdown. The default /safe/ risk is 0.2% (0.02 lots per $10k account equity) and this is extremely safe. However, if you decide to try your luck, you can bump the risk up to 1% (0.1 lot per $10k account equity)

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Bollinger Bands Tunnel EA is a free expert advisor developed with the idea to be useful for traders who love to trade using the popular indicator Bollinger Bands. Bollinger Bands Tunnel EA has very simple trading logic. It trades inside of the Bollinger Bands indicator. When the price crosses the Bollinger Bands upper line and reverses, the EA opens a SELL position. When the price crosses the Bollinger Bands lower line and reverses then the EA opens a BUY position. The algorithm of closing the

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Flex Recovery EA is meant to be almost all the time in the game – everything, but not a boring strategy. It is a countertrend strategy taking trades on the borders of a market volatility channel, combined with highly effective loss compensating algorithm. This strategy is suitable for traders with high risk profile … do not forget that “highly profitable – low risk strategy” is an oxymoron concept. If you want to beat the market at any coast, you must be all in, using aggressive money management

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Market Insider is an excellent indicator for scalping the trend and also trading market breakouts and reversals. It is based on a ATR measured volatility channel and the CCI indicator. The green trend line and green bars indicates an uptrend and the red trend line and red bars indicates a downtrend. An intensive price breakout of some of the trend lines indicates a market breakout and a potential new opposite trend. In choppy-range behaving market and in low liquidity conditions the breakout sig

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Filter:

2328

agrushev777 2024.02.17 18:00 #

User didn't leave any comment to the rating

373

Hardik K Chapla 2023.10.19 15:32 #

Hi, I have tested in demo account and the result was good. but when I started in the real account, and now at a loss. a completely different result in a real account. don't waste time.

73359

Reply from developer Lachezar Krastev 2023.10.20 07:48 #

Hi, Thanks for the 1 star. You are very generous. This is a free product. You have not spent even a cent for this product. Instead to thank that someone has shared such EA for free you complain about the results. I am 100% sure that your broker conditions in real trading are very bad which explain why you get such different results between demo and real trading. Check the previous reviews of other users. Everyone is satisfied you only not. If you are smart enough you will understand that the problem is on your "television" not on the EA!

2325

MattyTrading 2023.10.17 09:13 #

SIEMPRE me gustaron los robots de Noticias y este supera las espectativas .BUEN TRABAJO GRACIAS

804

NN 2023.07.07 18:47 #

This Programmer created a very easy to use EA for News Trading that is profitable. Thank you!

1120

yalewang 2023.06.11 15:35 #

i will test it next week .

272

Rajat Kumar Vishwakarma 2023.04.29 11:49 #

live test is sucesss with profit

palmer134 2022.11.18 14:33 #

good job

1448

Tony Franciscus Jans 2022.10.17 18:03 #

Good EA, Useful. Simplify trading preparation before news.

ABDULRAHMANIBNAUF580 2022.07.16 03:22 #

Best EA.. thank you Lachezar Krastev...

Version 1.2 2021.07.23

Some small changes.

Version 1.1 2021.04.15

I have made some improvements in the EA code. I have also fixed a small bug.