Introduction to The News Filter MT5 Trading Robot
Are you tired of incurring losses due to unexpected news events that disrupt the market? Want an expert advisor that can filter news events and set your trading parameters accordingly? Your search ends with The News Filter MT5 trading robot. This versatile tool scrubs any news (economic, political, etc.) based on the impact level and helps you avoid trading during those times. In other words, it's your shield against the unpredictable world of trading.Installation and Configuration of The News Filter MT5
Installing and configuring The News Filter MT5 is pretty straightforward. Once you've downloaded it from the MQL5 website, drag and drop it onto the chart of your choice. A window will pop up - head straight to the settings tab.Here are a few essential parameters you should set up:
- NewsFilterMode – Choose to enable or disable the news filter.
- MinutesBeforeNews – The number of minutes before the news event when trading should be paused.
- MinutesAfterNews – The number of minutes after the news event when trading can be resumed.
- IncludeHighImpact – Include or exclude high impact news events.
- IncludeMediumImpact – Include or exclude medium impact news events.
- IncludeLowImpact – Include or exclude low impact news events.
Feel free to adjust these parameters based on your risk appetite and trading strategy.
Experience with The News Filter MT5
The News Filter MT5 as a trading assistant is quite competent. It does its job of filtering out news events effectively, just as our users such as tobias and Mattmi19 attest. The tool's versatility is quite appreciated, as Max2233 highlighted, enhancing its utility and its ability to adapt to different trading scenarios. Just like eayala12880, you can also share your feature requests and ideas to make this tool better.Tips to Improve The News Filter MT5
Though the robot is effective, there's always room for improvement. For instance, adding a parameter to account for the deviation in forecasted and actual data could enhance its prediction capability. Besides, integrating a function to disable the EA during volatile market periods, beyond news events, might prove beneficial.The Source Code of The News Filter MT5
We might not have the exact source code of the original robot sold on MQL5, but we can draft a code based on the description provided on the website. If you're interested, feel free to raise your queries at easytradingforum.com. However, note that the EASY Trading Team neither sells nor promotes the sale of The News Filter MT5 robot.
Code:
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