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What is News Scope EA Pro?

News Scope EAPRO presents a lucrative strategy for trading around significant news events. These events often trigger sharp price movements, allowing traders to capitalize on short-term fluctuations, potentially earning 20 pips or more within seconds. However, such high volatility also brings inherent risks, including liquidity challenges that can result in execution delays, widened spreads, and slippage. Over the years, broker conditions have improved, with tighter spreads during key news releases, enhancing the profitability of news trading strategies. The system integrates a comprehensive money management feature, enabling the robot to automatically assess your account's free margin and set risk levels as a percentage. Moreover, the News Scope EA PRO is equipped with an Advanced News Filter, Trailing Stop Exit, Back-tick detection, and a sophisticated Time Management System, along with an E-mail and Push Notification feature, providing traders with a robust toolkit for navigating the fast-paced news trading environment. Additionally, these features work in tandem to optimize trading efficiency and minimize potential losses.

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.

Media

Media

No images available

Integrations Supported

MetaTrader 4
MetaTrader 5

Integrations Supported

MetaTrader 4
MetaTrader 5

API Availability

Has API

API Availability

Has API

Pricing Information

$167 one-time payment
Free Trial Offered?
Free Version

Pricing Information

$49
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

FXautomater

Company Website

www.fxautomater.com/forex-robots/news-scope-ea-pro

Company Facts

Organization Name

RobotFX

Date Founded

2006

Company Website

www.robotfx.org/p/news.html

Categories and Features

Categories and Features

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