Economic Calendar Major News Trading Forex EA. This package includes News Pending Order EA, Economic Calendar EA, and JIN10 Data Indicator, which allows you to view significant news events on MT4. When major news data such as Non-Farm Payrolls, CPI, GDP, interest rates, and more are expected to cause significant price fluctuations, you can activate the Major News Trading EA in advance. The EA will automatically place two pending orders with stop loss and take profit. When the BuyStop order is triggered, the SellStop pending order is automatically canceled, and vice versa.
It is recommended to activate this EA before the news data is released because it only places pending orders once. The trading time frame is not crucial because it focuses on the immediate volatility following news releases. Recommended currency pairs for pending orders include EURUSD, GBPUSD, and other major currencies.
EA Parameters:
StopLoss: Stop loss in pips
TakeProfit: Take profit in pips
TrailingStop: Trailing stop in pips
PipsAway: Distance of pending order price from the current price
BalanceUsed: Lot size determined by the BalanceUsed function (1 represents 100% balance usage)
SpreadOperation: Maximum allowable spread; pending orders won't be placed if the spread is higher than this value
Slippage: Maximum allowable slippage in pips
Installation:
After purchase, copy the Ex4 file to the MQL4/Experts folder in your MT4 platform.
Restart the MT platform (or in MT4, go to [View] - [Navigator] - right-click [EA Trading] - Refresh).
Open the currency pair you want to trade, drag the strategy onto the chart, and there's no need to open charts for other currencies.
Remember, there is no 100% accurate trading system in the world, and even excellent systems have periodic flaws. Having an additional reference signal is like having an extra piece of guidance. Wishing everyone success in trading!
