BF News Trader EA is One of The Most Successful Expert Advisors

BF News Trader EA

BF News Trader EA is the most advanced FREE tool for high impact news trading on the market. Usually, when a major news event occurs, the price spikes in one or both directions and this creates an opportunity for short-term scalping. If the magnitude of the price movement is big enough, the trader could gain 20, or in some rare cases even more than 100 pips in a few seconds. Of course, nothing is perfect and the liquidity issues in such high volatility moments could lead to spread increase, execution delay and slippage. However, if you want to try this type of trading free of charge, BF News Trader EA is the right tool for you.

BF News Trader EA Features:

Recommendations

Recommended timeframe: M1

Supported currency pairs: EURUSD, GBPUSD, AUDUSD, USDCAD and USDJPY

We have prepared set files for supported pairs. You can find individual .set files for each supported currency pairs below in the section ".Set Files For Each Supported Currency Pairs". If you want to use the robot please download the .set files and load them correctly in the robot settings. If you use the automatic installer of BF News Trader EA all the .set files will be automatically installed in your MT4 terminal. In this case you don't need to download them manually.

Please, make sure that you have loaded the set files for each individual currency pair!

IMPORTANT! Use "BF News Trader EA" only on well-known ECN brokers with good reputation. If you notice repeatedly unusual spread increase, too high slippage, or execution delay, you should not use BF News Trader EA on this broker anymore.

BF News Trader EA Settings

==== Risk Management ====

  • FixedLots - fixed trading volume (works if AutoMM=0).
  • AutoMM - values greater than 0 (zero) activate automatic ММ (traded volume as a percentage of free margin).

==== General Settings ====

  • Slippage - maximal allowed slippage for position opening.
  • MaxSpread - maximal allowed spread for position opening.
  • MagicNumber - magic number - it is extremely important to keep this different for all robots.
  • StartTrail - value in pips. When trade's profit is equal to this value the EA set trailing stop.
  • TrailStop - value in pips. The trailing stop value.
  • EA_Coment - text which will be added as a comment to each trade opened by BF News Trader EA PRO.

==== Pending Orders Settings ====

  • PlaceOrders_OnInit - true/false - whether to place or not pending orders during initialization of the EA.
  • ExitAll_OnDeinit - true/false - whether to close or not all orders during de-initialization of the EA.
  • ExitAll_OnInit - true/false - whether to close or not all orders during initialization of the EA.
  • CloseOnTradeHour - true/false - whether to close or not all orders before to place pending orders.
  • TradeDirection - possible values: -1 only short trades; +1 only long trades; 0 long and short trades;
  • AddDistance - the distance between the current price and the first pending order in pips.
  • AddStep - the distance between each pending orders in pips.
  • AddCount - the number of pending orders to be placed.
  • StopLoss - the stop loss value for pending orders. 0 - means not stop loss.
  • ExpireMinutes - the expiration time for pending orders in minutes.
  • DeleteAfterSeconds - placed pending orders will be deleted after X second (X is value of DeleteAfterSeconds)
  • CloseOnReversePips - when there is a reverse X pips then the EA will close all active orders with the idea to protect the profit. (X is value of CloseOnReversePips)

==== Time Management System ====

There are 3 slots for setting custom time for placing pending orders. For example the news will be at 11:30 then you can set TradeHour_1=11 and TradeMinute_1=29. The EA will place pending orders 10 seconds before the news time - i.e. 11:29:50.

  • TradeHour_1 - hour for placing pending orders. Slot 1.
  • TradeMinute_1 - minutes for placing orders. Slot 1.
  • TradeHour_2 - hour for placing pending orders. Slot 2.
  • TradeMinute_2 - minutes for placing orders. Slot 2.
  • TradeHour_3 - hour for placing pending orders. Slot 3.
  • TradeMinute_3 - minutes for placing orders. Slot 3.

What's included in PRO version

News Scope EA PRO includes:

  • Advanced Money Management
  • Advanced News Filter
  • Placing trades on News
  • Additional slots for trading hours
  • Advanced Time Management System
IMPORTANT! NOTE: Some of the parameters described in this section can be hidden or locked(disabled) in the free version. They are unlocked and available in the PRO version. For a complete list of parameters and functions, please check the News Scope EA PRO:

BF News Trader EA Backtest Result

Below you can check the backtest result of our forex robot - BF News Trader EA - on the following currency pairs GBPUSD, EURUSD, AUDUSD, USDCAD, and USDJPY.

Tested with Alpari ECN real tick data - variable spreads!

USDCAD

Period: 2016-2020

Risk: Fixed Lots

Deposit: $1000

BF News Trader EA Backtest on GBPUSD - Alpari ECN Real Tick Data
Tested with Alpari ECN real tick data - variable spreads!

GBPUSD

Period: 2015-2020

Risk: Fixed Lots

Deposit: $1000

BF News Trader EA Backtest on GBPUSD - Alpari ECN Real Tick Data
Tested with Alpari ECN real tick data - variable spreads!

EURUSD

Period: 2016-2020

Risk: Fixed Lots

Deposit: $1000

BF News Trader EA Backtest on EURUSD - ECN real tick data
Tested with Alpari ECN real tick data - variable spreads!

AUDUSD

Period: 2015-2020

Risk: Fixed Lots

Deposit: $1000

BF News Trader EA Backtest on AUDUSD - Alpari ECN real tick data
Tested with Alpari ECN real tick data - variable spreads!

USDJPY

Period: 2015-2020

Risk: Fixed Lots

Deposit: $1000

BF News Trader EA Backtest on USDJPY - ECN real tick data

How to backtest BF News Trader EA

If you wish to back-test BF News Trader EA, first you should download history from the MetaTrader history center: click Tools -> History Center, or press the "F2" key of the keyboard. In the list, find the currency pair that you wish to back-test and double click to expand it. Click "1 Minute (M1)" and then click "Download". When the download process is finished, double click on "5 Minutes (M5)” and "15 Minutes (M15)" to convert the M1 data (repeat this for the rest of the time frames). Close the "History Center" window. Restart the MT4 terminal in any case. Check the below image!

To open the "Strategy Tester" window click the "Strategy Tester" button of the MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window chose BF News Trader EA, chose one of the supported currency pairs, chose M1 timeframe, chose the method "Every tick ...", as shown below. Click "Start" to start the back-test.

.Set Files For Each Supported Currency Pairs

Below you can find individual .set files for other supported currency pairs. If you want to use the robot on other pairs please download the .set files from below list and load them correctly in the robot settings.

If you use the automatic installer of BF News Trader EA all the .set files will be automatically installed in your MT4 terminal. In this case you don't need to download them manually.

BF News Trader EA is COMPATIBLE WITH MAC OS and Windows OS!

BF News Trader EA is compatible with MAC OS and Windows OS

BF News Trader EA is compatible with the most well known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt BF News Trader EA to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed BF News Trader EA to be compatible with them.


BF News Trader EA

Download BF News Trader EA

If you want to trade with BF News Trader EA you can download it by clicking the button below. You must be logged in your profile first! If you don't have a profile yet, you can register for free from the Registration page.

DOWNLOAD BF News Trader EA

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Disclaimer U.S. Government Required Disclaimer – Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Clearly understand this: Information contained within this course is not an invitation to trade any specific investments. Trading requires risking money in pursuit of future gain. That is your decision. Do not risk any money you cannot afford to lose. This document does not take into account your own individual financial and personal circumstances. It is intended for educational purposes only and NOT as individual investment advice. Do not act on this without advice from your investment professional, who will verify what is suitable for your particular needs & circumstances. Failure to seek detailed professional personally tailored advice prior to acting could lead to you acting contrary to your own best interests & could lead to losses of capital.

*CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

By using FXAutomater's products, you acknowledge that you are familiar with these risks and that you are solely responsible for the outcomes of your decisions. We accept no liability whatsoever for any direct or consequential loss arising from the use of this product. It's to be noted carefully in this respect, that past results are not necessarily indicative of future performance.