News Trade EA MT5 + SetFiels (Official version) | Unbounded

Product Overview

News Trade EA MT5 is an automated Forex Expert Advisor designed to trade around high-impact economic news events. Developed from a trading robot that has been used for several years, the system can operate in both semi-automatic and fully automatic modes, giving traders flexibility over how much control they want over trade execution.

The EA is primarily designed to trade currency pairs involving GBP, including GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, and GBPCHF. The strategy focuses on GBP-related markets because GBP is generally considered a relatively volatile currency, potentially creating larger price movements around important economic announcements.

News Trade EA MT5 uses pending orders placed shortly before scheduled news releases. It can place orders in both directions to attempt to capture the initial market movement following a high-impact announcement.

The system also includes configurable take-profit, averaging, position limits, drawdown protection, and compatibility with other Expert Advisors.

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About the Developer

• Author: Konstantin Kulikov.
• Experience: Over +10 years of experience on MQL5.
• Notable Products: News Trade EA MT5, FrankoScalp MT5, Breakthrough Strategy MT5, Breakthrough Strategy MT4 and other advisors.
• Flagship Product: News Trade EA MT5 is rated as the best performing product of the year.

>> Delivery time 24h-48h after payment.
>>> Refund if not delivered.
>>> You will receive the latest version without any limitations (ID+Time).

>> Reviewed by Jason Stap <<<

Key Features of News Trade EA MT5

Automated News Trading

News Trade EA MT5 is designed specifically for trading around scheduled economic news events. It uses an integrated news filter to identify relevant high-importance announcements.

Semi-Automatic and Fully Automatic Modes

The EA can be used in both semi-automatic and fully automatic trading modes, allowing traders to choose between greater manual control and complete automation.

GBP Currency Pair Focus

The default configuration supports:

• GBPUSD
• EURGBP
• GBPJPY
• GBPCAD
• GBPAUD
• GBPCHF

These pairs can be managed from a single chart.

One-Chart Multicurrency Trading

The EA can monitor and trade multiple GBP-related currency pairs from one chart using the Symbols_Line parameter.

Currency-Specific News Detection

The EA can identify news according to the currencies involved in each currency pair. By default, GBP news is excluded to prevent multiple positions from being opened simultaneously.

For example:

• GBPUSD → trades around USD news
• EURGBP → trades around EUR news
• GBPJPY → trades around JPY news
• GBPCAD → trades around CAD news
• GBPAUD → trades around AUD news
• GBPCHF → trades around CHF news

High-Impact News Filter

The default configuration focuses on high-importance economic news, helping the EA concentrate on events that may generate significant market volatility.

Pre-News Pending Orders

Pending orders are placed shortly before the scheduled news release. The default setting places orders 60 seconds before high-impact news.

Automatic Pending Order Removal

If pending orders remain untriggered after the configured period, they are automatically deleted. The default configuration removes unworked orders 20 seconds after the news release.

BUY and SELL Pending Orders

The EA can place pending orders in both directions. When one order is triggered, the opposite pending order is deleted.

LIMIT Order Strategy

The default strategy uses LIMIT orders with an offset of 2.5 points from the current price, based on the assumption that a temporary or false price movement can occur immediately before major news.

Take-Profit Based Trading

The default configuration uses a relatively small 5-point Take Profit rather than a fixed Stop Loss.

Averaging System

If a position remains open for the configured period, the EA can open an additional averaging position. The default configuration allows a maximum of three positions per currency pair.

Adjustable Drawdown Protection

Traders can configure a maximum percentage loss for individual currency pairs. For example, the Close_positions_at_percentage_of_loss parameter can be used to close positions when the specified percentage loss is reached.

Compatibility With Other EAs

The EA includes parameters designed to consider positions opened by other Expert Advisors using different magic numbers. This allows News Trade EA MT5 to operate alongside other automated trading systems.

How Does News Trade EA MT5 Work?

News Trade EA MT5 follows an event-driven trading approach based on scheduled economic announcements.

Select the Currency Pairs

The default configuration uses six GBP-related pairs:

GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, and GBPCHF.

The EA can manage these symbols from a single chart.

Monitor Economic News

The integrated news filter identifies upcoming economic events and determines which currency is affected.

By default, the EA uses:

• High-importance news
• Currency-specific news filtering
• GBP excluded from the triggering news currencies

This configuration is designed to reduce the possibility of multiple trades being opened simultaneously because of GBP-related news.

Place Pending Orders Before News

The EA places pending orders 60 seconds before the scheduled high-impact announcement.

The default configuration uses:

SecondBeforeHigh = 60

Place Orders in Both Directions

The EA can place both BUY and SELL pending orders.

The default configuration is:

Trade_Direction = BUY_and_SELL

This approach attempts to capture a strong price movement regardless of the initial direction of the market.

Use LIMIT Orders

The default order type is:

Type_Orders = ORDERS_LIMIT

The orders are placed at an offset of approximately:

Offset_from_price = 2.5

This is based on the strategy’s assumption that a temporary price movement may occur before the actual news release.

Cancel Untriggered Orders

After the news is released, pending orders that have not been triggered are automatically removed.

The default setting is:

SecondAfterHigh = 20

Manage the Open Position

When one pending order is triggered, the opposite pending order is deleted.

The EA then manages the resulting position according to the configured Take Profit, position limits, averaging rules, and risk-management parameters.

Why Choose News Trade EA MT5?

News Trade EA MT5 is designed for traders who want to take advantage of short-term volatility around major economic announcements without manually monitoring the economic calendar and placing orders themselves.

One of its main advantages is its simple multicurrency structure. Multiple GBP-related pairs can be managed from a single chart, reducing the need to attach separate instances of the EA to every currency pair.

The system also offers flexibility. Traders can use the default conservative configuration or adjust parameters to create a more aggressive trading approach.

For example, traders can enable medium-importance news or include GBP news to increase the number of potential trading opportunities.

News Trade EA MT5 may be suitable for:

• Forex traders interested in news trading
• Traders seeking automated economic-event strategies
• Traders interested in GBP currency pairs
• Users who want multicurrency trading from one chart
• Traders looking for semi-automatic or fully automatic operation
• Experienced traders who understand news-trading risks
• Traders who want to combine multiple Expert Advisors on one account

News Trade EA MT5 Performance Review

🔺 Live Trading Results (42 weeks)

• Initial Deposit: $100
• Total Profit: $183.14
• Growth Rate: +144%
• Maximum Drawdown: 36.6%

News Trade EA MT5 Live Trading Results

Performance and Risk Management

News trading can produce substantial price movements in a very short period. Therefore, risk management is an important part of the News Trade EA MT5 configuration.

Default Trading Parameters

The default settings include:

• TakeProfit_Safety: 5 points
• StopLoss_Safety: 0
• Total_open_transactions: 3
• Min_minuts_pause_between_positions: 1440 minutes
• Min_pips_between_positions: 35 pips
• Multiplier_of_trade_Lot: 1.5

The default configuration does not use a conventional Stop Loss. Instead, the strategy uses a Take Profit target and may employ averaging when a position remains open for an extended period.

Averaging Mechanism

If a trade does not close within the specified period, the EA can open another averaging position.

The default maximum is:

3 positions per currency pair.

The configured lot multiplier is:

1.5

This means that traders must carefully understand the potential exposure created by multiple positions and increasing lot sizes.

Drawdown Protection

Traders can configure a maximum loss percentage for each currency pair.

For example:

Close_positions_at_percentage_of_loss = 30

can be used to specify a maximum loss threshold of 30% according to the parameter’s intended calculation.

This feature should be configured carefully because news trading combined with averaging can create substantial exposure during extended adverse price movements.

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News Filter and Trading Frequency

The default configuration focuses on high-impact news while excluding GBP events.

The relevant settings include:

• News_currency_pairs = true
• Excluded_currency_str = GBP
• IncludeHigh = true

This means the EA can trade news affecting the non-GBP currency in each GBP pair.

Traders seeking a more aggressive configuration can remove the GBP exclusion, allowing the EA to trade around GBP news as well.

Medium-impact news can also be enabled with:

IncludeMedium = true

However, increasing the number of eligible news events can also increase trading frequency and overall risk.

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Speech and Event Protection

The EA can also take scheduled speeches into account.

The default configuration is:

• IncludeSpeaks = false
• SpeaksHigh = true
• SpeaksMedium = true

When high- or medium-importance speeches are scheduled in the upcoming hours, the EA can prevent new orders from being opened.

For a more aggressive configuration, traders can set:

• SpeaksHigh = false
• SpeaksMedium = false

This allows the EA to continue opening news trades without speeches blocking the strategy.

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Weaknesses and Risk Warnings

News trading is inherently risky because economic announcements can cause extremely rapid price movements, spread expansion, slippage, and unexpected market reactions.

News Trade EA MT5 also uses an averaging mechanism in its default configuration, which can increase exposure when a trade moves against the expected direction.

Important risks include:

• No Expert Advisor can guarantee profits.
• Economic news can produce unpredictable market movements.
• Spreads may widen significantly during major announcements.
• Slippage can negatively affect execution.
• Pending orders may be triggered during highly volatile price movements.
• A trade may continue moving against the position after the news event.
• The default configuration does not use a traditional Stop Loss.
• Averaging can significantly increase account exposure.
• Lot multiplication can increase losses during prolonged adverse movements.
• Three open positions can create substantially greater exposure than one position.
• Broker execution quality can materially affect live results.
• Backtest results may not accurately represent live news-trading performance.
• News data and release times must be accurate.
• Aggressive settings can substantially increase trading risk.

Because the EA can use averaging and lot multiplication, it should be tested thoroughly on a demo account before being used with real capital.

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Pros and Cons

Pros

• Designed specifically for automated Forex news trading
• Supports semi-automatic and fully automatic operation
• Multicurrency trading from one chart
• Focuses on GBP-related currency pairs
• Supports six default GBP pairs
• High-impact news filter
• Currency-specific news detection
• BUY and SELL pending orders
• Automatic pending-order cancellation
• Configurable news timing
• LIMIT order support
• Adjustable Take Profit and Stop Loss
• Averaging functionality
• Maximum position controls
• Configurable drawdown protection
• Can work alongside other Expert Advisors
• Supports aggressive and conservative configurations

Cons

• News trading involves high volatility
• Spreads can widen around economic announcements
• Slippage can significantly affect results
• Default configuration does not use a Stop Loss
• Averaging increases market exposure
• Lot multiplication can increase losses
• GBP-related markets can experience substantial volatility
• Results depend heavily on broker execution
• Aggressive settings can increase drawdown
• No guarantee of future profitability

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How to Install News Trade EA MT5

Step 1: Install the Expert Advisor

Copy the News Trade EA MT5 file into your MetaTrader 5 Expert Advisors directory:

File → Open Data Folder → MQL5 → Experts

Restart MetaTrader 5 or refresh the Navigator window.

Step 2: Open a Chart

Open a chart for the currency pair you want to use as the main control chart.

Because the EA supports multicurrency trading, the system can manage multiple symbols from a single chart when Use_Symbols_from_Line = true.

Step 3: Configure the Symbols

The default symbol list is:

GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, GBPCHF

The relevant parameters are:

• Use_Symbols_from_Line = true
• Symbols_Line = GBPUSD, EURGBP, GBPJPY, GBPCAD, GBPAUD, GBPCHF

Make sure the symbol names exactly match your broker’s naming convention.

Step 4: Configure the News Filter

For the default configuration:

• Enable currency-pair news filtering.
• Exclude GBP.
• Enable high-importance news.

Review the settings before starting live trading.

Step 5: Configure Trade Timing

The default configuration places pending orders 60 seconds before high-impact news and removes untriggered orders 20 seconds after the announcement.

Step 6: Configure Risk Management

Review:

• Take Profit
• Stop Loss
• Maximum positions
• Position spacing
• Averaging multiplier
• Maximum drawdown percentage

Do not use aggressive settings without thoroughly understanding their potential impact on account equity.

Step 7: Test the EA

Run the EA on a demo account and monitor its behavior around different types of economic announcements.

Pay particular attention to:

• Spread
• Slippage
• Execution speed
• Order triggering
• Averaging behavior
• Maximum drawdown
• Broker news timing

Step 8: Enable Automated Trading

Once the configuration has been tested, enable Algo Trading in MetaTrader 5.

For continuous automated operation, using a reliable VPS is recommended.

Real User Reviews and Feedback

🔺News Trade EA MT5 is highly appreciated by the MQL5 community for bringing stable and reliable profits. Below are 5 star reviews from users:

User Reviews

What’s Included in the Download Package?

🔺Experts:

• Setting (If Any).docx
• Installation Guide.docx

🔺Presets:

• High News Grid for MT5.set
• High News Grid Gold for MT5.set
• High News with SL for MT5.set
• Like Happy for MT5.set
• Like Happy Modify for MT5.set
• NewsTrade Grid for MT5.set

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Final Thoughts

News Trade EA MT5 is a specialized automated trading system designed to capitalize on short-term market volatility surrounding high-impact economic news events.

Its main strategy uses pending BUY and SELL LIMIT orders shortly before scheduled news, with the goal of capturing favorable price movements while automatically removing untriggered orders after the event.

The EA’s multicurrency capability is another notable feature, allowing traders to monitor several GBP-related currency pairs from a single chart. The system also provides flexible news filters, configurable trading modes, averaging functionality, position limits, and drawdown controls.

However, this is not a low-risk trading strategy. News events can create extreme volatility, and the default use of no Stop Loss, averaging, and a 1.5 lot multiplier means traders must understand the potential for significant drawdown before using the EA with real money.

For experienced Forex traders who understand the risks of automated news trading and want a flexible MT5 Expert Advisor for trading economic announcements, News Trade EA MT5 offers a specialized and highly configurable approach.