Advanced News Trader is an Expert Advisor that was added to the mql5 marketplace by Nurudeen Amedu in December of 2016. The EA has not received any updates since being launched.
This EA focuses on news trading. Markets move because of news, which makes news trading one of the most effective methods for short-term movements, especially when you’re looking at currencies. The Advanced News Trader follows a system that provides 2 separate strategies for news trading; Deviation and Strategy. Through Deviation trading, the trader looks for the news release he is planning on trading and enters the deviation for the buy and sell signals. Straddle trading is a more common, advanced method that will allow traders to straddle if a deviation is reached.
The EA performs a currency strength check before making entries, implements trailing stops, allows hedging, BreakEven, and supports Martingale. The product comes with a user manual and a news-deviation trigger sheet that includes major news releases along with their buy/sell deviations. It is compatible with the highly-popular MetaTrader 4 platform and only works with currency pairs.
The developer provides a few different pricing options: traders can rent the EA at a rate of $50 USD for 3 months or $100 for one year, or buy the product outright with 5 activations for $250. The overall price is a little high, but the yearly rate isn’t terrible. Fortunately, the author makes free demo accounts available, so this may be the best way to test out the EA before deciding to purchase it.
The Advanced News Trader EA implements two different strategies that support news trading while allowing hedging, Martingale, and other functions. It is best for identifying short-term movements based on microeconomic releases. If you’re interested, you can rent the product for $50 USD (this is the lowest price), but there isn’t any feedback regarding how well this EA has worked for others. The comments section is made up of users asking the developer questions back and forth, but we do see that the developer is very responsive and helpful.
As always, a good strategy, reputable broker, and effective risk-management skills are crucial to making profits, regardless of how well any EA performs. If this product fits with your ideas, then it could very well be an effective tool to add to your arsenal.
This Forex service can be found at the following web address: https://www.mql5.com/en/market/product/19233