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News Time is an MT4 expert advisor that places a BUY STOP and a SELL STOP shortly before a scheduled time, such as a news release, and cancels the unused order once one triggers. It includes breakeven and trailing stop options.
Get one message the moment it launches, with its price.
News Time is an expert advisor for MetaTrader 4 that trades around scheduled moments rather than chart patterns. A short time before a time you choose, usually a major news release, it places a BUY STOP and a SELL STOP, then lets the market decide which one is triggered.
You enter up to five date and time points. As each point approaches, the EA places two pending orders, one above and one below the current price, each with its own stop loss and take profit. If price moves after the release and one order is triggered, the other is deleted automatically. If neither order is triggered within the waiting period you set, both are removed and the EA waits for the next time point.
Once a position is open, two optional features can adjust its stop loss. The breakeven function moves the stop to the entry level after price has travelled a distance you define. The trailing stop makes the stop follow the price at a fixed distance once the trade is in profit.
The tool is intended for EURUSD and GBPUSD. Because it is driven by the clock, the chart timeframe does not change the logic, so you can attach it to any timeframe. Whatever you choose, the terminal must be running and connected at the scheduled times, and the times you enter must match your broker's server time.
The main inputs are listed below. Distances are entered as price values in the format used by your broker, for example 0.00050. The sensible ranges depend on your broker and symbol, so check the minimum stop level before you set them.
| Input | Purpose |
|---|---|
| Set_Lots | Lot size of each pending order |
| dt1 to dt5 | Trigger date and time points, five in total |
| delta_open_end | Seconds before the trigger time when orders are placed |
| delta_stop_run | Seconds after the release before unused orders are removed |
| Set_Delta_Price_Stop | Distance of the pending orders from the current price |
| Set_StopLoss | Stop loss distance |
| Set_TakeProfit | Take profit distance |
| Set_No_Loss | Profit distance at which the stop moves to breakeven |
| Set_TrailingStop | Trailing stop distance |
News releases can cause sudden spikes, wider spreads and slippage. Pending orders can fill at worse prices than requested, or both sides may be hit in quick succession by a whipsaw. Use a position size you can afford and test on a demo account first.
Trading carries risk, and past results do not predict future ones. Nothing here suggests that any particular outcome can be expected.
Before using it on a live account, check your broker's server time, minimum stop distance and execution conditions around news events.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Signals, Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, news and event trading |
| Markets | EURUSD and GBPUSD are the intended pairs |
| Timeframes | Any chart timeframe |
| Trade style | Pending-order straddle around scheduled times |
| Trigger times | Up to five date and time entries |
| Order management | Stop loss, take profit, breakeven and trailing stop |
| Requirements | Terminal running continuously; broker allowing pending orders |
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No. This product is built for MetaTrader 4 only. It will not load in MetaTrader 5, so check that your broker offers an MT4 account before buying.
No. You enter the trigger date and time yourself in the input fields, so you need to look up release times in an economic calendar and keep in mind your broker's server time zone. Up to five times can be set at once.
The intended pairs are EURUSD and GBPUSD. The EA is not tied to a chart timeframe because it works from the clock rather than from candle patterns. Test any other symbol on a demo account first.
Only within your broker's limits. Take profit, stop loss, trailing and the pending order distance cannot be smaller than the broker's minimum stop level, so check your symbol specification before choosing values.
Yes. Around news releases spreads can widen and prices can slip, so pending orders may fill at worse prices than expected. Test on a demo account and check how your broker handles these periods.
Copy the downloaded expert file into the MQL4 Experts folder through File, Open Data Folder in MT4, then restart the terminal or refresh the Navigator. Attach it to a chart and allow automated trading.
News Time
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