Forex News Trader is a unique robot that allows you to trade the news by your predefined strategy. It loads every piece of news from several popular Forex websites. You can choose any news and preset the strategy to trade it, and then Forex News Trader will trade that news by selected strategy automatically when the news comes.
This tool uses unique technology to load data with full details from popular forex websites. Currently, it supports 3 news feed data sources: ForexFactory.com, DailyFx.com and Myfxbook.com. An alert will be sent to your mobile/email before an upcoming news release. Moreover, it also marks the news release points on the chart for further review and research.
Forex News Trader support up to 5 advanced strategies that effective with news trading. The order controlling is very professional and absolute automated. Moreover, you can use it as a powerful tool to trade manually with those automated strategies.
News release gives opportunity to have pips since the price usually has big move at that time. Now, with this tool, trading news becomes easier, more flexible and more exciting than ever. No waiting, no missing, no confusing anymore. Just setup for important news once a week, and this tool will trade all those news exactly as you planned.
Fully automated update data |
Support multiple data sources |
Flexible news events filter |
Send notification to email/mobile before news releases |
Non-disturb alert (not alert at night) |
Visually show news events on chart |
Auto and manual refesh data |
Flexible adjustment panel |
Support 5 advanced strategies |
Flexible trading parameters for each strategy |
Support unique “floating” pending orders |
Support grid and martingale controlling |
Trading setup plans are managed independently |
Can be used as manual trading planner |
Auto update new version |
Support both MT4 and MT5 platform |
Licenses & Pricing
| License types | Trial license | Full license | Subscription license | Referral license |
| Price | Free | 299$ / license | 79$ / 1 month149$ / 3 months229$ / 6 months | Free |
| Simultaneous accounts per license* | 1 accountat the same time | 5 accountsat the same time | 5 accountsat the same time | Referred account(s) |
| Expiry | 7 days after registration | No | After subscription period | No expiry as long as your account is under our referral and account balance is at least 5000$ |
| How to get | Free registration | Purchase via Paypal, Skrill, WebMoney or Debit/Credit cards | Purchase via Paypal, Skrill, WebMoney or Debit/Credit cards | Open live trading account with one of our partner brokers under our referral and deposit at least 5000$ |
*You can use the product with any account number or on any computer/VPS. But only a maximum total amount of simultaneous accounts is allowed to use the product at the same time.
Compare with our other products
| FEATURES |
Forex News Trader |
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| Real-time news data update | ||
| Support multiple data sources | ||
| Flexible news events filter | ||
| Send notification to email/mobile before news releases | ||
| Support silent mode (not alert at night) | ||
| Visually show news events on chart | ||
| Setup trading strategy for each news event | ||
| Trade the news automatically at news release | ||
| Support 5 advanced news trading strategies | ||
| Predict the news strategy | ||
| Pending trap strategy | ||
| Grid pending trap strategy | ||
| Martingale pending trap strategy | ||
| Based on actual report strategy | ||
| Support floating pending orders | ||
| Flexible parameters for trading strategies | ||
| Trading setup plans are managed independently | ||
| Can be used as a manual trading planner | ||
| Platform supported | MT4 & MT5 | MT4 & MT5 |
| Usage purpose | Monitor the economic news events in real-time with alert to email/mobile. | Monitor the economic news events in real-time with alert to email/mobile.Setup to trade the selected news automatically with flexible strategies and parameters. |
Manual Guide
1. Installation:
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Unzip the product’s package, you will see the “Forex News Trader.ex4” and “Forex News Trader.ex5” files.
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Go to MT4 or MT5 data folder by opening MT4/MT5 terminal -> Main menu -> Files -> Open Data Folder.
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Copy .ex4 or .ex5 file to directory path: /[data folder]/MQL4(5)/Experts/. Go back to MT4/MT5 terminal -> Main Menu -> View -> Navigator -> Right click on Expert Advisors folder -> Refresh -> Find “Forex News Trader” -> Double click or drag it the the chart that you want to work with.
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At startup window -> Common tab -> Enable “Allow DLL imports” and “Allow live trading” check box.
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Switch to Input tab, enter your registered email address and activation key in order to activate your license. You just need to enter your license for each account at a particular MT4/MT5 one first time. It will remember your license info, so just leave the license blank next times.
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In order to download the news from data sources, you need to add their URL address into MT4/MT5’s URL trusted list. Go to MT4/MT5’s main menu -> Tools -> Options -> Expert Advisor -> Enable and add data source’s URL as follow:
2. Viewing options
After installation, you will see the news listed on the panel. You can choose viewing options right on the panel and it will take effect immediately.
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View mode:
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This week: All news of the current week will be shown.
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Today: All news of the current day with selected time zone will be shown.
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Timezone: Select timezone that time factor of news will be converted to.
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GMT time (GMT+0): Standard timezone that usually used by data source.
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Server time: Timezone of your trading server, it will show news’ time as on your chart timezone.
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Local time: Timezone of your computer, it will show news’ time as on your computer’s timezone.
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Upcoming news button: Move to nearest upcoming news that going to be released.
3. Filter options
Click to “Filter” button, it will show on the filter setting panel.
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Impact level: Select which impact level of news will be shown.
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Currency: Select which related currency of news will be shown.
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Show past news: Show/hide the passed over news.
4. Other settings
Click to “Setting” button, it will show on other setting panel.
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Data source: Select which data source will be connected to load the news. Currently, there are 3 data sources available: ForexFactory.com, DailyFx.com and Myfxbook.com.
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Set alert: Set the amount of minutes that program will alert before an upcoming news release.
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Allowed time to alert: Set the period of time when alerts are allowed (usually, it should be day-time of your local time). The program will not alert you out of this period in order not to disturb you at night time.
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Send notification to mobile/email: Send notification to your mobile/email before an upcoming news release (you should setup notification and email settings correctly in your MT4/MT5).
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Show news on chart: Mark the news release points on chart. The identification of marked points are set as follows:
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High impact
Medium impact
Low impact; -
U = USD; E = EUR; J = JPY; G = GBP; A = AUD; C = CAD; F = CHF; N = NZD; Y = CNY;
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Font size: Select the font size that fits with your screen resolution.
5. Strategy setup panel
Click to any upcoming news in the list, strategy setup panel for that news will popup.
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Predict the news: This strategy is very simple, just predict the market move direction after news release, then set it to open Buy or Sell order before news release. This method can maximize the profit and avoid slippage because order is opened when market is still silent, but it also can whipsaw your account if you choose the wrong direction in big news. This is for one who likes to take risk.
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Pending trap: This is typical strategy that places two opposite pending stop orders before news release to catch the breakout. Regardless of direction of the price move, we expect a large jump and it will trigger one of the pending orders. In some rare cases, some traders may want to use limit orders instead of stop ones, to catch the reversion of a price move. In this strategy, setting a reasonable SL, TP and trailing SL is critical.
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Grid pending trap: Similar to pending trap strategy, but grid pending trap strategy sets a series of pending orders (like a grid). This strategy catches the price move in smaller parts and sums them up in the final result.
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Martingale pending trap: Also known as “Never lose again” strategy, martingale strategy uses lot size increase to cover its previous losses (if any). This is great when combining with news, when the price usually has big move. However, do not set the initial lot size too large since if there are spikes on the news, your account will be margin called before price moves in one direction.
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Based on actual report: This strategy waits until the actual report of the news is loaded, then compare it to forecast/previous data in order to decide the direction of the trade. This strategy is suitable for important news that impact the market in mid to long-term.
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Setting parameters:
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Fixed pending: Pending orders will stand constantly, but may be triggered at the wrong moment by price’s fluctuation before news release.
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Floating pending: Pending orders will always keep a distance from the current Bid/Ask until news release, so they are usually triggered by news impact only.
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Stoploss/Takeprofit distance: Set the Stoploss/Takeprofit distance of the order. If you don’t want to set those level, just set it at zero.
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Trigger time before news release: The number of seconds before news release that strategy will be executed. If you want to test the strategy or trade manually without waiting for news release, just set this factor at a big number such as 99999, then it will execute the plan right after you apply.
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Trailing stoploss: Start trailing stoploss level with a fixed distance when that trailing stoploss level is far at number of point from entry point.
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Hidden initial SL: This will hide the actual stoploss of the order, it remembers that stoploss level and only “manually” close the order once the price reach that virtual stoploss and the spread is lower than a maximum value. This helps you to avoid unwanted stoploss when spread is widen.
This is frequently asked questions (FAQ) and our answers relate to features of product Forex News Trader (FNT). For other general FAQ, please check at our main FAQ area. If you have further concern, please leave your question at our contact page.
