4xpip has designed a Pending Order News EA for MetaTrader 5 (MT5) to trade during economic news events. It automates trades around major announcements, allowing traders to make money during rapid market movements while managing risks effectively. Ideal for news-based strategies, this EA helps traders navigate volatile conditions with precision.
What is the Pending Order News EA?
News trading is a high-risk, high-reward strategy due to the rapid market shifts that follow economic announcements. The Pending Order News EA simplifies this process by automating trade entries and exits based on predefined settings. Traders can program it to respond to key news events, helping them capture quick price movements without needing to monitor markets in real-time.
How Pending Order News EA Works
The EA tracks scheduled forex economic news events and executes trades based on predefined conditions. Key functions include:
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Event Tracking: Focus on high-impact announcements like financial policy updates or inflation reports.
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Automated Orders: Place or adjust pending orders before news events, anticipating significant price movements.
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Customizable Settings: Select which news events to trade, define charts, and adjust parameters like lot size, stop loss, and take profit.
Advantages of Using the Pending Order News EA in MT5
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Faster Execution: Responds to price changes instantly, outperforming manual trading during volatile news events.
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Capturing High Pips: Capture high pips quickly by placing pending orders at the top and bottom of news events.
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Buy Stop Pending Order News EA: The EA sets a buy stop above the current price before high-impact news, triggering a trade if the market shows bullish momentum on news impact.
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Sell Stop Pending Order News EA: The EA sets a sell stop below the current price before high-impact news, triggering a trade if the market shows bearish momentum on news impact.
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Emotion-Free Trading: Eliminates the emotional decisions often made in high-pressure situations.
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Consistency: Implements disciplined strategies to capture profits while lessening risks.
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Hands-Free Monitoring: Traders can automate trades and focus on strategy refinement instead of watching the screen constantly.
Built-In Risk Management with Pending Order News EA
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News-driven markets are unpredictable, but the Pending Order News EA minimizes risk due to:
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Adjustable Stop Loss and Take Profit: Customize levels to match your profit targets.
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Trailing Stops: Lock in profits as trades move favorably and exit at the highest profit level.
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Scalable Trade Volume: Reduce position sizes during high-volatility events to decrease risk.
Notable Features of Pending Order News EA
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Whenever there is any upcoming forex news event, it alerts us on our mobile, email, and desktop.
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It will draw vertical lines on the chart to show you where the news is coming.
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It will notify you 30 minutes before the forex news event.
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You will have the option to enable High Impact News Events, Medium Impact News Events, or Low Impact News Events depending on your needs.
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You can also select your desired currency pair in which you want to see the alerts.
From Which Sources do we Receive News?
We receive news events from authentic sources like MQL5.com, investing.com, forexfactory.com.
If you want to download Pending Order News EA contact us:
4xpip Website:
Telegram:
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