Event Driven Trading System - News Trader - Free Program

[7/18] content below had minor change to compliance with FF non-commercial guideline.

Hi, I want to use this tread to share my Event Driven Trading System here - News Trader.

The program is free for download and use on any broker and any type of account ( live or demo). Here is the quick introduction of that system:

Name: News Trader
Producer: autratec
Currency: EURUSD; GBPUSD,AUDUSD,USDCAD;USDJPY(removed from trading scope)
Time Frame: 5M
Expected Monthly Return: 6% (Based on risk setting: 2% maximum lose per trade)
Expected Draw Down: 2-3%
Type of System: Event Drive. Price Action. Breakthrough. Financial behavior
Using Grid in Design: NO.
Fixed Stop Lose: Yes
Trailing Profit: Yes
Fund Size: 1K

Telegram: https://t.me/fxnewstrader

Let me know if you have any questions.

[21MAY] I have loaded 1K US version, for those have concern to use hedge logic to close the order. The hedge logic was disabled. Please feel free to select the version you want to test or use in production.

[2JUNE] EHS_V30EXT1K was released today. here are some new features:

1) New logic to prevent "Zero Divide" issue due to some broker data feeding problem.

2) Handle special symbol like: EURUSDf, EURUSD.c, etc.

3) Optimize the sequence of special market situation response. It will better handle CRAZY market situation and give more protection to investor.

4) Prepared historical news data to support backward test needs. The news event starts from 12APR2018 and support existing trading currencies. Be aware that MT terminal only return server time as GMT0, so the test result will be incorrect. Please request standard version through web which be able to better handle server time.

[1JULY2018] EHS_V31EXT1K released. Here are some new futures based on trader's feedback:

1) Program will check news event every 24 hours. No need to restart the MT4 client every Monday morning.

2) Get 1K version and standard version using different magic number. Avoid potential conflict.

3) STOP order open parameter was adjusted to avoid potential duplicated order due to MT terminal reconnecting to the server.

4) Same as v30. Removed the hedge close feature. US trader and Non-US will use the same version.

[26July2018] Telegram channel linking with News Trader program: https://t.me/fxnewstrader

[25Aug2018] EHS_V43EXT1K_HM and EHS_V43EXT1K_HML were released. Here are some new features:

1) Add in news filtering feature based on the impact level. HM version will only trade High and Medium impact news based FF definition. HML version will trade all the news events provided from news server. Trader can download the right version based on their preference.

2) The Stop order close sequence and Stop Lose setting was optimized to avoid the actual order left on the market without protection from opposite stop order and/or stop lose.

[21JULY2019] News Master: ESH_V58_EXT1K

1) Continue improving the internal code quality.

2) Add in OrderMode options.

0: existing trading mode. release two hedge order before market news release.

1: add in second investment after first batch investment completed. designed to handle difficult broker which issue wide spread at news release period. the lots size is same as first batch orders.

2: first batch order using minimum lots size to test broker response and second batch order back to normal. Designed to handle extreme difficult brokers.

3) also enable trader to turn Auto Event Loading feature off. so traders can use single event field to short for target event. this feature will be very usefully for those experienced traders. And tool can be extended to hedge any trading target and events, like Oil, equity, index and or weekend gap. etc. please feel free to try.

[1SEP2025] NewsTrader_V60_C100

Hi Traders, After a 6-year hiatus, I'm thrilled to restart my news trading journey with you all! The latest program update includes a license expiration date set for the end of 2025. This community version allows you to test the program with minimal lot units. I invite you to try it out and share your feedback. Let's aim to capitalize on major news events, such as non-farm payroll, and see if we can win the bid together!

Hello Teamaker
Can you tell me how your system would be better than this long running thread here----although yours is free
https://www.forexfactory.com/showthread.php?t=597450

Hi, i am new to this AmazingEA. Thanks for sharing the linkage. The general rule of news trading is pretty close: get calendar list, release the stop order before the news being released and manage the actual order being hit by the news.

The difference between those news trading systems could be:

1. Ensure stop order don't be hit before news being released.
2. Event filtering. Not very event we should release the order.
3. how to control the lose if order was hit but no break through.
4. manage the profit.

i have no interests to sell the software. Feel free to download the small fund version here or standard one from my web site.

Based on my myfxbook result, my current monthly return is around 6% with 2% draw down. Have three accounts running with different brokers. please review and compare.

Quick notification of backward test:

1. as the program will load the data from remote server, please ensure you setup web service call correctly before use for the backward test.
2. the program have the feature to auto-detect the GMT timezone on broker server. But in test in environment, server will return GMT0. So we are not able to release the order to the right time.
3. The event data will be loaded to server weekly. As i just loaded the latest event on server. there is no event you can do the backward test. that is something i will improve in the future. Please load the program on your test or live account for the forward test. it is more meaningful for news trading program.

thx.

Hi Teamaker,

Thank so much for the sharing.

I would like to run it in the demo acct to see how it works.

Cheers,

No problem. Pls share your test feedback here.

you are look promising man

thank you.

Teamaker can you explain why system on myfxbook is trading without stops in some instances. In fact it's taking an opposite trade after closing out the main news trade and the opposite trade has no SL listed.

IAMFX, very good question and observation. there are two reasons that there is no SL for some orders:

1. for those profitable orders, i use the logic to open the opposite order first and close both of them later. It help reduce the possibility of slip in the news release period. And most important, to be honest , it help increase the trading volume and help me get better rebate from broker as my business model determined.

2. for some orders, i have feel that breakthrough power will be reduced, so i manually close them directly to take the profit. I tried to reduce my manual involvement and doing less now.

This was pointed out to me by someone else so I cant claim any points!
So with your business model ---are you philosophically committed to helping people toward financial freedom? Just trying to work out your angle with this and avoid any possible scams. No offence.

IAMFX, interesting discussion.

At news release period, due to fast moving price, using single order to take profit will cost more than two full hedge order to exit the market at same time.

My goal is use my knowledge to help normal people to get additional income stream through automated trading system. Whether she/he can be really financially freedom is really depending on lots of other factors and out of my control.

thx.

thank you you are look promising
but i put your file EHS_V27EXT1K.ex4 in my indicators folder and open my mt4 version 4 build 1090
and click to the file attach to chart nothing happened

thank you i am successfully opened the ea do not bother your self

Your EA requires hedging?
I didn't realize that. I'm in US. I guess that leaves me out.
Thanks

Bill, do u mean your broker doesn't allow both buy and sell order existing in the market at same time ? How about stop order ?

Good. U should put it under ea folder , rather than indicator. Btw, don't forget enable the web service call. And enjoy the show.

i am from Egypt 2 GMT can i use this i will make the economic calendar 3 GMT is this right

after i install your ea on eur/usd what should i wait for what is the start

No US broker allows both an active buy trade and sell trade on the same pair at the same time. They will allow simultaneous buy and sell pending orders on the same pair.

Hi, you don't need to worry about GMT setting. the program will take the GMT time from server and do the calculation for you. btw, now is GMT8 8:09AM. You should already see some opens on GBPUSD and USDJPY hour and 20 mins ago. no actual trade opened as the news didn't impact the market. let me know if you have further questions.