News Trading Pending Order EA V1.6 1
From the Old Kings archive: News Trading Pending Order EA V1.6 1, an expert advisor (trading robot) for MetaTrader 4. Its name points to economic news times. The file name marks it as 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). Watch it on a demo account for a while — robots can behave differently with each broker. 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
News Trading Pending Order EA V1.6 1 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