About the Automatic Forex News Trader EA
The Automatic Forex News Trader EA for Metatrader 4 will trade high/medium/low impact news events fully automated for you.
You can set your own news trade preferences in the EA’s inputs section.
How Does It Work?
The EA will place pending orders in both buy/sell directions just before the news release.
When the order (s) is executed, it will add a stop loss and take profit order.
In essence, the Automatic Forex News Trader EA takes advantage of market momentum.
You can rake in many pips! The Forex robot made an amazing 56.78% monthly gain so far.
The news trader robot will work best on the major currency pairs.
As always, please try the EA on a demo account first until you fully understand how it works and how it performs over an extended period of time.
Free Download
Download the “News Trader EA v1.4.1.ex4” expert advisor
Key Features
Automated Pending Orders Pre-News
Places Buy and Sell pending orders just before news is released, capturing directional waves while minimizing manual intervention.
Stop Loss & Take Profit Attached
Each order includes risk controls through stop loss and take profit, protecting your position regardless of direction.
Flexible News Impact Filtering
Allows you to choose which types of news—high, medium, or low impact—should trigger trades, providing tailored precision.
Statistically Strong Returns
Reported absolute gain of +1,643.08% with a monthly gain of about 56.78%, highlighting its potential when used appropriately.
Wide Pair & Timeframe Compatibility
Works best on major currency pairs and supports any timeframe, offering flexibility to fit various trading styles.
Demo & Live Ready
Suitable for both demo and real trading accounts, subject to understanding its strategy and risk.
MyFXBook Trading Results
Find below the detailed strategy tester report for the Automatic Forex News Trader EA (click on the picture for full-size view).
Key Points
- Absolute gain: +1,643.08%
- Monthly gain: 56.78%
- Profit: $91,478.61
The EA’s strategy tester shows a remarkable absolute gain of +1,643.08% and a monthly gain of around 56.78%, with total profit nearing $91,478.61.
It demonstrates strong news-based exit and entry performance, though traders should verify these results in their own testing environment.
Trading Chart
The picture below shows the Automatic Forex News Trader robot attached to the British Pound / U.S. Dollar 15-minute chart.
How the EA Works
- Reads upcoming news impact levels (high, medium, low).
- Places Buy and Sell pending orders seconds before publication.
- Applies stop loss and take profit upon order execution.
- Triggers trade based on momentum following news.
- Handles untriggered orders by removing them after a set period.
- Operates across multiple pairs and timeframes according to your inputs.
Download Now
Download the “News Trader EA v1.4.1.ex4” EA
Parameters & Settings
- Magic Number
- Broker GMT Offset
- Seconds Before News to Set Orders
- Pending Distance from Market
- Seconds After News to Delete Orders
- Lot Size / Risk Percentage
- Take Profit / Stop Loss
- Move to Break-Even
- Trailing Stop & Trigger
- Maximum Spread
- Maximum Slippage (pips)
- News Filters (High / Medium / Low impact)
- Alerts (push, email, terminal)
Recommended Trading Setup
- Trading Platform: MetaTrader 4
- Pairs: Major currencies (e.g., EURUSD, GBPUSD, USDJPY)
- Any timeframe, aligned with your strategy and broker’s execution speed
- Account: Demo for initial testing, then real once performance is verified
- Broker: Low-latency ECN/Raw spreads preferred
- VPS: Consider using VPS for reliable connectivity during news spikes
- Risk: Begin with small lot sizes or low risk until comfortable with performance
FAQ
Which pairs does it work best with?
Major currency pairs are recommended due to their liquidity and reaction to news. Always test others on demo first.
What timeframes are supported?
Any timeframe can be used, but shorter ones (like M1–M15) are popular for news scalping due to fast reactions.
How does it define news impact levels?
Impact levels (high/medium/low) are set via the inputs menu, allowing you to choose which events the EA should act upon.
Can I modify trade timing and risk parameters?
Yes. You can customize parameters such as entry timing, lot size, TP/SL, trailing, and delete time frame for better personalization.
Summary
The Automatic Forex News Trader EA (MT4) offers a no-cost, hands-free approach to news-based Forex trading.
By placing pending orders around economic events and managing trades with defined risk controls, it taps into powerful market momentum.
Be sure to test thoroughly on a demo account, adjust parameters to suit your broker and account, and scale cautiously.
Download it today and explore how automated news trading could fit into your strategy.
