News Filter Tool

This topic contains 9 replies, has 3 voices, and was last updated by  Yannick 1 year, 3 months ago.

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  • #82213

    Yannick
    Keymaster

    Many of you have requested a function in each EA that handles news events, where the user should be able to choose a time-range when the EA should not trade. Including this function in each EA is not very useful, if you are using multiple EA at the same time. You would have to change the time in each EA for every news event. That is why I am about to make a News Filter Tool that allows the user to set a specific time-range where no EA should trade.

    How does this news filter work?
    Basically the news filter does only deactivate the AutoTrade button in the toolbar:

    When a EA tries to open a trade, it will be blocked:

    To use the tool you have to enable the DLL import:

    This tool in an indicator. Copy it into the mql4/indicators folder.

    If you are interested in such a tool, please download and test it and give me some feedback to improve it 🙂

    You can download the BETA 1 below.
    News-Filter

    #82228

    Yannick
    Keymaster

    I have already some ideas to improve it.

    1. Add multiple date inputs
    2. Close all trades (on a specify symbol or all symbols) before the news event
    3. Hedge all trades (on a specify symbol or all symbols) before the news event and close the hedges after the news event

    The only negative thing with this tool is that the disabling of the AutoTrade button will affect all EAs on all Symbols.

    #157321

    rich_fx
    Member

    Hi, did you ever get this tool finished? I just tried it but it’s still in Beta and the time has run out on it so can’t test it.
    This would be pretty useful for the strategy I am using

    Thanks

    #157420

    Yannick
    Keymaster

    No, I have not finished it. But I upload the same version with an extended license for you.

    Attachments:
    1. News-Filter.ex4
    #160981

    wtfx
    Member

    Thank you Yannick, I like this concept, it allows my current active trades to close in profit using the news volatility while disabling the Mt4 auto surfing so the EA does not place new trades….Although would be good to have the additional option for the news filter to disable the auto surfing feature on low, medium or high impact news etc…if time setting wasnt suitable for users. looking forward to future updates.

    #161836

    Yannick
    Keymaster

    Unfortunately, at the moment it is not possible to add an automated news impact filter.

    #161871

    wtfx
    Member

    Thanks anyway..I managed to find something with same concept that works using the vertical lines for news alerts of FFcal(Newscal)

    Maybe you could create something similar 😉

    • This reply was modified 1 year, 3 months ago by  wtfx.
    #162466

    Yannick
    Keymaster

    Can you share the link to it?

    #162524

    wtfx
    Member

    Sure…I wouldve shared in last post but wasnt sure if allowed.
    Coensio’s EA Auto Trading Blocker

    #163387

    Yannick
    Keymaster

    No, it’s ok. I just delete them if it is spam or a direct competitor of my products.
    Thanks for the link 🙂

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