Clients are asking us, how could we trade the news which is don’t have any figures but have some good potential of movement the currency pair and here is our answer - our old-school news trading Expert Advisor. It’s simple but effective, and it seems, every news trader has been started from this way of trading – two pending orders before the news event.
The main idea of this Expert Advisor is simple – placing two pending orders before the news event or scheduled volatility event a few seconds before. Such a way could give the opportunity to catch the instant volatility on the market. It could be useful on the Bank’s statements releases when we do not have any data for algorithmic trading, but the Market is reacting on the text inside the bank’s statement.
Here is a little example – the USDCAD go down by more than 100 points on the Bank of Canada statement. The Fxnewskiller Autoclick was silent (No Trade) as there is no any changes in the rate of the Bank, but the Market reacted well as the TEXT of the Statement was changed. That’s why we are releasing this EA to the public – to give you more opportunities for trading. But, please, use it wisely as this type of trading is too risky: Fxnewskiller has 98% rate chance to win – in other words every signal it’s a profit, but the Old-School EA has 60/40 chance to win, so please be careful. Do not use this EA on every event – only with high potential events.
So, here is how you can get this stuff. Please, follow to the Client Panel, in case if you have our Lifetime Subscription, follow inside the active service to the Downloads Tab, we already uploaded a zip file with EA for you.
Have a good trade!