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What is News EA?

The Metatrader News expert advisor is designed to capitalize on forex news by implementing an OCO (one-cancels-others) strategy while monitoring the performance of successful trades. This approach involves placing a predetermined number of opposite pending orders—either short below or long above the current price—right before a news announcement is made. As soon as the market price activates one of these pending orders, the opposite orders can be automatically canceled, which is a critical aspect of this news trading method. Additionally, the system is capable of setting stop-loss, take-profit, trailing, and break-even options to enhance trade management. Utilizing the OCO mechanism is crucial for traders, as it allows them to efficiently respond to market movements. Many forex traders often employ this strategy by establishing two pending orders right before significant news releases, typically consisting of either a buy-stop or sell-stop order, which is recognized as one of the most effective methods for trading news events. By integrating these functionalities, the News expert advisor aims to maximize trading opportunities during volatile market conditions.

What is Elite X Auto Trader?

EliteX is a cutting-edge automated trading solution developed by Elite Signals, designed to enhance trading effectiveness across various market conditions. This platform is fully integrated with MetaTrader 5 (MT5), enabling it to autonomously identify, execute, and close trades, which simplifies the trading experience for users. It features three meticulously crafted strategies that address a wide range of market environments, ensuring a high level of accuracy, dependability, and optimal performance. Committed to total transparency, the platform imposes no hidden fees and offers users unrestricted access to premium resources, including tutorials led by experts and extensive guides, empowering traders to make informed decisions. Tailored for a 5-minute trading timeframe, EliteX particularly excels at scalping strategies, especially for instruments like XAUUSD and major Forex pairs. The setup process is user-friendly, accompanied by detailed instructions and live chat support, making it approachable for traders of all skill levels. Moreover, its intuitive interface encourages users to experiment with different strategies, allowing them to refine their techniques as they gain experience, thereby fostering continuous improvement in their trading journey. Ultimately, EliteX not only streamlines the trading process but also supports traders in developing their skills over time.

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Integrations Supported

Elite Signals
MetaTrader 4
MetaTrader 5

Integrations Supported

Elite Signals
MetaTrader 4
MetaTrader 5

API Availability

Has API

API Availability

Has API

Pricing Information

$49
Free Trial Offered?
Free Version

Pricing Information

$4999.95 one-time payment
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

RobotFX

Date Founded

2006

Company Website

www.robotfx.org/p/news.html

Company Facts

Organization Name

Elite Signals

Company Location

United States

Company Website

elitesignals.com/elitex/

Categories and Features

Categories and Features

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