News Hour Trade Ea
From the Old Kings archive: News Hour Trade Ea, an expert advisor (trading robot) for MetaTrader 4. Its name points to economic news times. It places pending orders, moves the stop behind price and has a trading-hours filter. It has 15 settings, for example Start Hour (default 1), Start Minute (default 1) and Delay Seconds (default 5). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v1.0 · Free
About News Hour Trade Ea
News Hour Trade Ea is an expert advisor (trading robot) for MetaTrader 4. It places pending buy/sell stop or limit orders, moves the stop loss behind price (trailing stop / break-even) and trades only in the hours you set (time filter). It has 15 settings, such as Start hour, Start minute and Delay seconds. MQL source code included.
It also can size trades from your balance and risk percent and has a news filter.
Files in the download: newshourtrade.mq4, Best Trading Systems.url.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Start hour | 1 | Starting Hours |
| Start minute | 1 | Starting Minute News Released time (-1 minute) |
| Delay seconds | 5 | Default 5 seconds |
| Magic number | 786 | MagicNumber |
| Lots | 0.1 | Lots Size |
| Stop loss | 20 | StopLoss |
| Take profit | 50 | Take Profit |
| Price gap | 10 | Price Offset |
| Expiration | 60 | Pending Order Expiry time in seconds. leave 0 for no expiry |
| Trail stop | false | Enable/Disable Trailing |
| Trailing stop | 20 | Trailing Stop Value in Pips |
| Trailing gap | 10 | Trailing Gap in Pips |
| Buy trade | true | |
| Sell trade | true | |
| Wishes | ***To Your Success,Sheriff sheriffonline |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: News Trading · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · MT4 Expert Advisor · MQL4 Source Code