FRZ News Robot 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 MT4 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 condition.
|Product name||FRZ News Robot|
|Timeframes supported||01-minute chart|
|Use of risky strategies||No martingale, grids, hedging or averaging technique is used. Only two buy & sell pending orders from both sides are placed.|
|No of trades a week||Can be few or more trades a week depending on the presence of high impact news with significantly different actual figures compared to the forecast.|
|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.|
|No. of accounts per purchase||Single purchase includes license for three (03) MT4 accounts (including any DEMO and real accounts). You can submit your accounts numbers after purchase. You can not change the account numbers afterwords.|
|Support||Free support for installation|
A VPS server is recommended for this EA as it needs to be running 24/5.
Explanations for each setting will be provided by a PDF readme file.
Backtesting Results (back-testing may not work properly without special tools)
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here