This Metatrader News trading expert advisor that can trade the forex news using a one-cancels-others (OCO) approach, and trail the price of the winning trades. The News expert advisor was designed to trade news events in an OCO approach. OCO stands for one cancels other and refers to the EA’s ability to close a pending order (or more) once the price triggers an opposite pending order. This is an important feature in news trading.
Traders trading the news usually place two pending orders right before an important news event – that is the most known and profitable way to trade forex news – a buy-stop and a sell-stop.
During and immediately after the news the price is likely to move in either direction, up or down, therefore triggering one of the pending orders. When that becomes an active order, the remaining (opposite pending) order is deleted.
The difference between RobotFX OCO News trading expert advisor and other one cancels other EA is that RobotFX can place multiple pending orders at a distance of your choice from each other. Furthermore, it has all the other important features that any good expert advisor must have, like stoploss, take profit, breakeven, trailing stop etc.
As you can see, the EA placed three pending orders of each kind, buys and sells. Once the price will reach the first pending orders, the news expert advisor will close ALL the other opposite orders.
|News EA EA Rating||7.64|
|Yield per annum||19%|
|Max drawdown per annum||17%|
|Lot size||not less than 1000 units per 0.1 of a standard lot|
|Recommended brokers||FxGlory, Kiexo, LBLV|
|Trading tool/currency pairs||EURUSD, EURJPY, XAUUSD, GBPUSD, AUDUSD|
|Automatic account type|
|Max risk limitation|
|Several one-way series|
|Auto start lot|
|Fixed stop loss|
|Automatic lapse expansions|
|4||Tickeron AI robot||117%|
|6||Auto Recovery EA||37%|
|14||1000pip Climber System||77.3%|
|15||Happy Breakout EA||8.5%|
|1||Metatrader 5 Trading Platform|
|2||Atompix Trading Platform|
|3||MetaTrader 4 Trading Platform|
|4||cTrader Trading Platform|
|6||MetaTrader 5 Mobile Trading Platform|
|7||MetaTrader 4 Mobile Trading Platform|
|9||ZuluTrade Trading Platform|
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