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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 Happy Forex?

Discover our diverse selection of expert advisors (EAs) designed specifically to cater to your trading requirements. These EAs function based on pre-established logical frameworks, allowing you to follow simple steps for their configuration on MetaTrader 4 or 5 platforms. It's essential to monitor your trading outcomes, as you will have the backing of seasoned professionals throughout your trading journey. Additionally, you will receive lifetime free updates for all EAs, ensuring that you stay current with the latest advancements. The Happy Frequency EA incorporates various strategies, including trend, grid, hedge, and semi-martingale approaches, and offers different risk levels—low, medium, high, or a mix of these. Tailored for the M5 timeframe, it is advisable to run this EA continuously, making a virtual private server (VPS) a perfect option for optimal performance. The Happy Forex system is recognized for its ability to provide stable profits with minimal drawdown. A standout characteristic is its implementation of reinsurance positions through a grid strategy, which prevents the escalation of lot sizes, thus eliminating the reliance on martingale methods. Moreover, it utilizes technical analysis indicators for reliable market entry points, enhanced by a news filter, and presents a variety of options that extend beyond a single currency pair, promoting greater trading versatility. This strategic combination ensures traders can modify their approaches in response to fluctuating market dynamics, making it a robust choice for those seeking to enhance their trading experience.

Media

No images available

Media

Integrations Supported

MetaTrader 4
MetaTrader 5

Integrations Supported

MetaTrader 4
MetaTrader 5

API Availability

Has API

API Availability

Has API

Pricing Information

$49
Free Trial Offered?
Free Version

Pricing Information

€299 per 2 users
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

Happy Forex

Company Website

www.happyforex.de/

Categories and Features

Categories and Features

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