Frustrader has designed an Expert Advisor that detects strong movements when a news item occurs and takes a position toward its trend.
**Note: You can test the product without registering, but follow the registration steps for full access to use the product.
This expert works on the basis of positioning at the time of news and shock to the market.
Before explaining the expert, let’s take a look at its input window:
As you can see in the input window above, stop loss, take profit,& trailing stop can be adjusted in this here. These values can be entered by you for News Trader Expert positioning.
Lot volume: You can enter the trading volume manually in lots in this section. If you want the expert to estimate the appropriate volume of the trade according to account’s liquidity and the risk allowed, enter the value of zero here.
Some news may create very small gaps. Having a filter of the minimum gap required for positioning allows the expert to ignore small movements.
If the broker offers a higher spread than you entered here at that moment, the expert will not take a position.