News Trading Pending Order EA V1.6 1 2
News Trading Pending Order EA V1.6 1 2 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. Its name points to economic news times. This copy is version 1.6.1. It places pending orders, moves the stop behind price and has a news filter. It has 18 settings, for example Lots (default 0.01), Take Profit (default 0.0) and Stop Loss (default 5.0). 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 · v1.6 · Free
About News Trading Pending Order EA V1.6 1 2
News Trading Pending Order EA V1.6 1 2 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 has a news filter. It has 18 settings, such as Lots, Take profit and Stop loss. MQL source code included.
Files in the download: News_Trading_Pending_Order_EA_v1.6[1].mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Lots | 0.01 | Lot size |
| Take profit | 0.0 | Take profit (Points) |
| Stop loss | 5.0 | Stop loss (Points) |
| Start distance | 5.0 | Spacing from current price (Points) |
| Spacing between orders | 10.0 | Spacing between orders (Points) |
| Trailing stop | 0.0 | Trailing Stop |
| Number of orders | 1 | Number of orders of each type |
| Expire minutes | 5 | Order expiration time (Minutes) |
| Magic number | 0 | Magic Number |
| Slippage | 3 | Slippage |
| Comments | Comment | |
| News currency | USD | News impact currency |
| Majors minors | True | Open trade in majors and minors |
| This chart | True | Open trade in this chart symbol |
| Buy limit | True | Open Buy Limit orders |
| Sell limit | True | Open Sell Limit orders |
| Buy stop | True | Open Buy Stop orders |
| Sell stop | True | Open Sell Stop orders |
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 · MT4 Expert Advisor · MQL4 Source Code