News After is currently found within the Experts section of the MQL5 marketplace, it was created and uploaded by Fan Zhang on the 4th of April 2020, it received its most recent update on the 8th of April 2020 and is currently at version 1.10.
Overview
News After is a news trading expert advisor that was designed for the MetaTrader 4 trading platform. It is designed to make trades after important macro news events. The developer has stated the following:
News After will NOT place stop orders before the news. It will place market order following the trend after the news.
News After does NOT trade news simply based on its impact (High, Medium) from calendars. It trades selected news based on historical backtest performance. It will not trade some high-impact news but will trade several medium-impact news.
News After will open positions only when the news moves the market significantly. Otherwise, it will not open any positions at all. Trading parameters will be optimized each time based on current market volatility.
The EA can be used on 27 different currency pairs including AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, and USDJPY. It is recommended to use the EA on the M1 timeframe.
There are also some parameters that come with the EA, these include magic numbers, slippage, which pairs to trade, time zones, lot sizes, lot step sizes, currency filters, and more.
Service Cost
News After will currently cost you $399 as a one-off payment, it will get you up to 6 activations with no other limitations. If you prefer, there is also the option to rent the EA, this can be done on a monthly basis and will cost you $10 per month. A free demo version is available, but this can only be used with the MT4 strategy tester rather than on a live account.
Conclusion
At the time of writing, there are no reviews or comments indicating whether people are finding the EA profitable or useful, due to this, we would recommend that you contact the developer with any questions you have just to make sure that the EA will be right for you and they are around to offer support should you decide to rent or purchase the EA.
This Forex service is currently available in the MQL5 marketplace: https://www.mql5.com/en/market/product/47886
