I’ve just released a new After News Trading EA. You can download a Demo version from:-

http://www.forexfactory.com/showthread.php?t=615539

This EA uses similar technology as AmazingEA such as the ability to download the calendar from Forex Factory and set parameters from a CSV file (spreadsheet) but is very different in execution.

First of all, it doesn’t place any orders at all until at least 5 minutes after a news event.
Secondly, it doesn’t use Stop Orders only Limit Orders, so it is not affected by Slippage or excessive Spread or any other Broker tricks.
Thirdly, Stop Losses are not moved and there is no concept of Break Even or Trailing Stops. Take Profit is set and adjusted using a Fibonacci algorithm.
Lastly, it may not trade at all unless there is a reasonable reaction to the News or whether the Trades are set to AllowBuys or AllowSells in the CSV. Only a very few News events are configured to False right now.

I believe that this EA will be Unique in the EA market. There are ‘News EAs’ and there are ‘Fibonacci EAs’ but I don’t know of any that combine both to make trading decisions.

Live Account on MyFXBook

The Live Account has only just been setup and may not yet have any trades on it. Please check back during December.