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Description
Engaging in trading is akin to running a business, which requires specific tools and strategies to initiate operations. Just as you would consult with an engineer before constructing a home, seeking advice from a knowledgeable professional is essential in the trading realm. Utilizing advanced technical software can significantly reduce the likelihood of financial losses in the market. To effectively manage risks and avoid stop-loss scenarios, it is crucial to dedicate time to analyze market trends using technical charts that provide an appropriate stop-loss ratio aligned with those trends. The fundamental principle in trading is that by establishing targets and stop-loss levels in accordance with market trends, one can achieve successful trades without incurring losses. Many traders often find themselves waiting for losses to materialize while simultaneously fearing the delay in realizing substantial profits, which leads them to prematurely secure smaller gains; this issue typically arises when they lack access to reliable charting tools that can accurately reflect market strength and direction. Thus, having a solid understanding and the right resources at hand can greatly enhance trading outcomes.
Description
This Metatrader News expert advisor can trade forex news using an one-cancels–others (OCO), approach and track the price of winning trades.
News (oco), main functions
Places a specified number of opposite pending order below (short) or above (long), the price, just prior to the news release.
You can delete the orders opposite as soon as the price reaches a pending order (oco is one cancels other).
Places stop-loss, take-profit, trail, break-even etc.
The News expert advisor is designed to trade news events using an OCO approach. OCO stands for one cancels another and refers to an EA's ability close a pending or more orders once the price triggers a opposite pending order. This is an important feature of news trading.
Traders who trade news often place two pending orders just before an important news event. This is the most profitable and well-known way to trade forex news: a buy-stop or a sell-stop.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
MetaTrader 4
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
$49
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
ECG Trade
Country
India
Website
ecgtrade.com
Vendor Details
Company Name
RobotFX
Founded
2006
Website
www.robotfx.org/p/news.html