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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 FX Classic Trader?

A Forex expert advisor (EA), often referred to as a Forex trading robot or automated trading system, is a software application engineered to autonomously manage, modify, and close trades on the MetaTrader 4 platform. To take advantage of these EAs, you only need to have an account with MetaTrader 4; nevertheless, many free EAs found online may not have sufficient security features, which can expose your trading account to considerable risks. Our team meticulously develops these Forex trading robots, prioritizing precision and reliability. With dedicated customer support and regular software updates, we strive to keep your investment portfolio secure and minimize any potential disruptions. FX Classic Trader is recognized as a leading provider of high-quality programming solutions specifically designed for automated Forex trading systems. This platform represents the outcome of extensive programming effort and thorough testing, resulting in a fully automated trading solution that is ready to cater to your specific requirements. Our unwavering commitment to excellence ensures that you receive top-notch tools that significantly enhance your trading experience, allowing you to trade with confidence and peace of mind.

Media

No images available

Media

Integrations Supported

MetaTrader 4

Integrations Supported

MetaTrader 4

API Availability

Has API

API Availability

Has API

Pricing Information

$49
Free Trial Offered?
Free Version

Pricing Information

$109 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

FX Classic Trader

Company Website

fxclassictrader.com

Categories and Features

Categories and Features

Popular Alternatives

Popular Alternatives

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