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Algo News is an MT5 expert advisor that places a Buy Stop and a Sell Stop at a time you set, so a scheduled high-impact news release can trigger one side. It suits gold, forex and index CFDs.
Get one message the moment it launches, with its price.
Algo News is an expert advisor for MetaTrader 5 that automates a classic news-release approach: it places a Buy Stop above the market and a Sell Stop below it at a time you choose, then lets price decide which side is triggered.
At the trade time you enter, the EA sends two pending orders, one on each side of the current price, separated from it by the entry distance you configure. If price breaks one way, that order fills and the opposite pending order is removed. If neither order fills within the timeout you set, both are cancelled. Each position carries a fixed stop loss, and a take profit is optional.
The EA is aimed at volatile instruments around scheduled releases: gold (XAUUSD), major forex pairs and index CFDs. Because it works from a clock and not from chart patterns, the chart timeframe matters less than the symbol, the time zone setting and your broker's execution. Some traders compare the entry distance and stop size with nearby support and resistance levels on the chart before choosing values; that is a judgement for you to make and test.
The exact default values are not listed here, so check them in the input window after attaching the EA and adjust them to your instrument and broker.
| Group | What it controls |
|---|---|
| Time zone | Broker server time, or GMT with a custom offset |
| Trade time | The time of day (hours, minutes, seconds) when orders are placed |
| Order configuration | Entry distance, stop loss and optional take profit, all in pips |
| Lot sizing | Fixed lots, or lots calculated from a risk percentage |
| Trailing stop | Start level and step |
| Timeout | Seconds after which untriggered orders are cancelled |
| Spread filter | On or off, and the maximum allowed spread |
News releases bring wide spreads, slippage, delayed execution and thin liquidity. A stop order can fill far from its intended price, and both sides can sometimes be hit in a fast reversal. Broker quality has a large effect, so an account with low spreads and fast execution is preferable. The Strategy Tester cannot model these conditions, so test on a demo account first.
Trading carries risk, and past results do not predict future ones. This EA automates a method but does not remove the chance of loss. Use position sizes you can afford and test thoroughly before going live.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Gold or XAUUSD, Scalping, Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor for news trading |
| Markets | Gold (XAUUSD), forex pairs, indices and other CFDs |
| Timeframes | Not tied to one chart timeframe; orders run on a timer |
| Trade style | Short-term pending-order scalping around scheduled news |
| Order types | Buy Stop and Sell Stop, one cancelled after the other fills |
| Risk options | Fixed lots or percentage risk with automatic lot sizing |
| Requirements | Low-spread, fast-execution account; testing on demo first |
No reviews yet. Customers who own Algo News can review it here.
The tester cannot reproduce the spread widening, slippage, execution delays and liquidity changes that happen during major news releases, so its results are not a reliable guide. Run the EA on a demo account with your own broker during real events and review how the orders behave before considering a live account.
The settings describe a configurable trade time rather than a calendar feed. You choose the release you want to trade, check its time yourself, and enter that time in the EA. Confirm the time zone setting, because the EA can use broker server time or GMT with an offset.
Spreads and execution speed matter a great deal around news. Accounts with raw or ECN-style pricing, low spreads and fast order handling are usually a better fit. Check your broker's stop-level rules, news-time restrictions and typical spreads on gold before you start.
This product is built for MetaTrader 5. It will not load on MetaTrader 4, which uses a different file format and trading model.
Yes. You can use a fixed lot size, or choose a risk percentage and let the EA work out the lot size from your stop loss distance and account balance. Check the result on a demo account and confirm that it fits your broker's minimum and maximum lot limits.
Copy the expert file into the MQL5/Experts folder through File, Open Data Folder in MT5, then restart the terminal or refresh the Navigator. Attach the EA to a chart of the symbol you want to trade and make sure Algo Trading is switched on.
Algo News
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