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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 NetTradeX?

NetTradeX distinguishes itself as a cutting-edge trading platform tailored to meet the analytical demands of even the most advanced traders. With its extensive global presence, it has effectively assisted thousands of traders by offering a reliable and user-friendly interface for Forex and CFD trading. The platform supports various operating systems, such as PC, iOS, Android, and Windows, enabling traders to operate using their preferred devices. Notable features include server-side trailing stops and a wide range of trading orders—market, limit, stop, pending, linked, and activated orders—alongside a unique function that allows users to create Personal Composite Instruments (PCI) using the innovative GeWorko method. This special feature enables traders to craft their own financial instruments from a broad spectrum of assets, which helps in the creation of new currency indexes, cross rates, and stock portfolios. Additionally, NetTradeX is equipped with sophisticated technical analysis tools, supports multiple monitor setups, and provides a customizable workspace, which altogether enrich the trading experience. Consequently, traders can benefit from a holistic trading environment that is adaptable to their unique strategies and requirements, thereby enhancing their overall efficiency and effectiveness in the market.

Media

No images available

Media

Integrations Supported

IFC Markets
MetaTrader 4

Integrations Supported

IFC Markets
MetaTrader 4

API Availability

Has API

API Availability

Has API

Pricing Information

$49
Free Trial Offered?
Free Version

Pricing Information

Free
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

NetTradeX

Date Founded

2006

Company Location

Cyprus

Company Website

www.nettradex.com/en

Categories and Features

Categories and Features

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