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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 Forex Steam?

Forex Steam has emerged as the most resilient automated trading robot in its field, supported by a dedicated team of developers who are constantly enhancing its features. Serving clients in over 100 countries, this fully automated trading expert advisor is built upon a solid foundation of more than 25 years of experience in the Forex market. Our team has engineered a system aimed at fostering sustainable growth while maintaining a low-risk profile. We have outperformed our competitors by frequently updating our software and staying proactive in adapting to the constantly changing market dynamics. Understanding that Forex trading is inherently fluid, we are devoted to persistently refining our system to ensure it can successfully navigate market fluctuations. We encourage prospective users to thoroughly review our statistics, features, and user testimonials. Our primary goal is to achieve long-term success for both our clients and our team, and our trading results are a testament to our commitment to this aim, indicating a favorable outlook for the software's future. As we advance, our focus will remain on innovation and responsiveness to the demands of the market, solidifying Forex Steam's position as an industry leader while also addressing the diverse needs of our users. With our unwavering dedication to excellence, we are poised to redefine automated trading experiences across the globe.

Media

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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

$117.99 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

Forex Steam

Company Location

United States

Company Website

forexsteam.com

Categories and Features

Categories and Features

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