News event monitor EA that closes/disables trading

TexttT · Post by **TexttT** » Wed May 17, 2017 6:30 am

thank you

mftrader · Post by **mftrader** » Wed Dec 13, 2017 8:59 am

a great tool.

mftrader · Post by **mftrader** » Mon Jan 22, 2018 9:17 pm

just an idea for this powerful tool. enhance this EA, so it enable, or disable all EA during specific times. for example, trading only London session.

kajironpu · Post by **kajironpu** » Wed Feb 14, 2018 8:40 am

Dear, FFCal Indi has 7files. Shoud I install all of them?

Post by **renexxxx** » Wed Feb 14, 2018 12:01 pm

kajironpu » Wed Feb 14, 2018 6:40 pm wrote:Dear, FFCal Indi has 7files. Shoud I install all of them?

You posted this question in the wrong thread. You need to post it in the FFCal Indi thread.

In the first post of that thread, you will find the FFCalIndi.ex4 and the FFCalLines.ex4 files. These are the only two files you need to park in the \Indicators folder. The other files (the .mq4 and .mqh files) are source files. You would need them if you wanted to have a look at the code and if you wish to recompile them to new .ex4 files.

kajironpu · Post by **kajironpu** » Fri Feb 16, 2018 6:48 am

Sorry, these are included mq4 and ex4 files. I got it. Thank you so much.

kajironpu · Post by **kajironpu** » Fri Feb 16, 2018 8:19 am

Dear, renexxxx san
I have a question.
If big news is related to USD currency, can the EA close only USD chart or close all currency?
For example, if I have opened 4 charts at the same time.
1. EUR-USD
2. AUD-JPN
3. EUR-BBP
4. USD-JPY

If the HIGH impact news is related to USD chart, EA close all ? ( 1 to 4 )
Or EA closes only 1 and 4?
Is it possible to close only USD chart if HIGH IMPACT news is only about USD news.

Regards,
KJ

Post by **Sandovich** » Fri Feb 23, 2018 1:27 pm

Would be great if you could code EA to be a news trade EA as well ie. it opens a BUYSTOP and SELLSTOP 1 min before HIGH NEWS IMPACT , then closes trade 1-2 min after news event .

Post by **renexxxx** » Fri Feb 23, 2018 11:17 pm

Sandovich » Fri Feb 23, 2018 11:27 pm wrote:Would be great if you could code EA to be a news trade EA as well ie. it opens a BUYSTOP and SELLSTOP 1 min before HIGH NEWS IMPACT , then closes trade 1-2 min after news event .

Do you have any performance figures to justify the efforts for creating such EA, or is this request merely to keep us coders busy and entertained?

My understanding is that these news straddles don't work as either due to spread widening around news time, both STOP orders are taken out and you end up with a negative hedge, or, price makes a fake move first before taking of in the other direction.

If trading were so easy, wouldn't we be all "news straddling" from our private islands?

Post by **SteveHopwood** » Fri Feb 23, 2018 11:31 pm

renexxxx » Fri Feb 23, 2018 11:17 pm wrote: Do you have any performance figures to justify the efforts for creating such EA, or is this request merely to keep us coders busy and entertained?

My understanding is that these news straddles don't work as either due to spread widening around news time, both STOP orders are taken out and you end up with a negative hedge, or, price makes a fake move first before taking of in the other direction.

If trading were so easy, wouldn't we be all "news straddling" from our private islands?

Back when I started a decade ago, a coder known as BurgerKing offered up a script that straddled the market in the lead up to a news release. It set pending trades on either side of the market at x minutes before the release.

It would move the pending prices as the spread widened. Eventually the spread would widen to an unacceptable limit and the script would give up and delete the pending trades.

Old timers here with long memories are nodding and intoning, "Yes, we remember BurgerKing". I hope he prospers and receives his regular fills of burgers. I hope he has found a reasonably healthy source of them.

News straddling did not work back then. I would be astounded to find that it works now.

Be kind to Sandovich though and take him seriously when he posts. I have coded many thingies for him in the past. He is one of the good guys and does not make a lot of noise merely to justify his existence.