FRZ News Guard EA MT4

(4 customer reviews)




This is an EA utility that protects trades from sudden sharp movements due to high impact news releases.

It will automatically download high impact news schedule from investing.com and then if there is any trade going on, it will shrink the stop loss to a specified pips before specified no of minutes before the news release. Further it will move the stop loss to the original level after some specified no of minutes.

For instance , lets assume that there is a trade with 50 pips stop loss and a high impact news is coming on the way in minutes. Then we can set this EA to shrink the stop loss to 15 pips two minutes before the news time and if the stop loss is not hit, then revert the stop loss back to 50 pips two minutes after the news release. This can save 35 pips as the news can go against you and even hit your 50 pips stop loss.

It will automatically capture the applicable news releases based on the chart currencies while USD news will be applied to all charts. Further, it will automatically adjust the time as per brokers time.

Please make sure following URLs are allowed under Tools=>Options=>Expert Advisers in your MT4

  • http://ec.forexprostools.com/
  • http://worldclockapi.com/

Please load the EA only when the forex market is running.


Related Products:

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FRZ News Guard EA MT4

4 reviews for FRZ News Guard EA MT4

  1. Brandon S

    Works fine. Its free!!!

  2. Howard Smith

    Must have tool forex traders as news can kill your trade in seconds!

  3. Robert J

    Really cool. Now I am not worried about news spikes.

  4. Lynn Bissette

    Good. it downloads news from investing.com

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Got something to discuss?

1 month 4 days ago

Can I select which news to filter?

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18 days 8 hours ago

yes you can

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