FRZ News Trader is a fully automated forex news trading robot that you can just set up for once and for all and then it will run without any manual work as long as your MT5 is up and running. This robot follows a pending order strategy where two buy and sell pending orders are placed just before the high impact news releases. It uses an advanced algorithm to determine TP, SL, and Trailing Stop based on market conditions.
EA Specs
| Product name | FRZ News Trader EA |
| Current version | 9.0 |
| Platform supported | MT5 |
| Timeframes supported | 01-minute chart |
| Supported pairs | Any |
| No of trades a month | It can be only a few or more trades a month with the default settings. You may adjust he settings to increase the trading. |
| Recommended broker | Any broker with low spreads and fast execution during news-times |
| Recommended min. deposit | Any amount. But do not risk more than 2% of your balance per trade. |
A VPS server is recommended for this EA as it needs to be running 24/5.
User manual is available in the knowledgebase.
Screenshot
Installation Video:
NB: This is for an older version. In v9.0, you dont need to set the time difference manually. It is automatically adjusted now.
Recommended Pairs for Different News:
- USD News: AUDUSD
- EUR News: EURAUD
- GBP News: EURGBP
- CAD News: AUDCAD
- NZD News: AUDNZD
- AUD News: EURAUD
You may, of course, have more than one chart for one news. For instance, you can have several pairs with USD to target a US news event. But, this will, in turn, increase the risk.
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here
Jonathan K –
Really good EA and it is free!