Description
Short Description: An automated news filter utility that connects to live economic calendars, pausing trading and closing orders before high-impact news releases.
Overview
The News Filter EA is an automated risk management utility for MetaTrader 4 and MetaTrader 5 that protects trading accounts against extreme volatility, slippage, and spread expansion during high-impact news events (such as NFP, FOMC, CPI, and Interest Rate decisions).
Key Features
- Live Calendar Scraping: Automatically downloads upcoming economic news releases from ForexFactory and ForexLive calendars.
- Impact Level Filtering: Configurable protection for High (Red), Medium (Orange), or Low impact news events.
- Pre & Post News Buffer: Pauses trading $N$ minutes before and resumes $M$ minutes after news releases.
- Option to Close Pending & Market Orders: Flattens positions prior to major news spikes to guarantee safety.
How It Works
1. Calendar Sync: Fetches web calendar data at set intervals via HTTP.
2. Countdown Tracking: Displays upcoming news events and time remaining on the chart.
3. Execution Pause: Disables WebRequest / EA trading signals during news blackout windows.
Supported Markets
- All Forex Pairs, Gold, Oil, Indices
Installation
1. Copy `.ex4` or `.ex5` to `MQL4/Experts` or `MQL5/Experts`.
2. Add `http://ec.forexfactory.com` to MetaTrader WebRequest allowed URLs.
3. Attach to any chart.
Risk Disclaimer
Always test WebRequest configuration on demo accounts first.
📊 Backtested Performance Summary
This Expert Advisor has undergone quantitative historical backtesting based on tick and bar market data:
- Best Tested Symbol: USDCHF
- Best Timeframe: H4
- Testing Period: 2020.01.01 – 2026.08.28
- Net Profit: $4,256.77
- Profit Factor: 1.28
- Maximum Drawdown: 11.35%
- Recovery Factor: 2.76
- Total Trades: 170
- Out-of-Sample Result: PF: 1.06, WinRate: 26.4%
⚠️ Disclaimer: Historical backtest results are provided for informational and research purposes only and do not guarantee future live trading performance. Past performance is not indicative of future returns.
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