Trade on news can be treated differently. On the one hand, it is an opportunity to get a large profit in a short period of time. On the other hand, news trading has very high risks. Price rises and falls within minutes, as well as the direction of its movement often contradict logic and expectations. Forecasts often do not work, and therefore it is difficult to make the right decision. In addition, trading on the news is accompanied by a strong psychological burden. This kind of trading will not suit everyone. As a rule, he can only handle experienced traders. But if you use the Expert Advisor, it will relieve the trader of responsibility for trading results and reduce the degree of nervous tension. Today, I’d like to offer you such an advisor. It is sharpened for trading on the news and is called Lazy Trader 4.0. We’ll get to know him better.
General information about the EA
Because important news comes from the U.S., Canada, Europe, Japan and Australia, this Expert Advisor is mainly used to trade EURUSD, USDJPY, USDCAD and AUDUSD currency pairs. But it can also be applied to other trading instruments if important news is expected.The robot is set to a 5-minute chart.Lazy Trader 4.0 can
- open both market and pending orders
their parts; - accompany the open orders;
- close losing trades with zero
the result or even a small profit; - use trailing stop to increase
potential profit.
Advisor has flexible settings to optimize trading on news.
Tuning the EA
Parameters in the settings are very numerous. But they’re all clear, and they’re not
should cause difficulties even for beginner traders. I’m gonna focus on the most
important ones. If you activate
function “Automatic trading volume management”, the robot will start
calculate the volume of the deal. May specify the percentage of risk in the transaction, depending on the size of the deposit.
This will reduce the risks. If you don’t
If you would like to instruct the Expert Advisor to calculate the volume of the transaction, you can specify it
independently in the corresponding settings line.There’s also an opportunity
Set TP dimensions
and SL, turn on or
turn off lossless or trailing stop.And I also want to draw your attention to the Zero function. It allows you to control the situation on already opened orders in the case when the market is weakly volatile. In the settings, you can specify the time in seconds after which the Expert Advisor should take action on active trades. If after the specified time the order was not translated into a breakeven or was not closed at take profit, the robot will try to close the transaction “at zero”, that is, at the opening price, taking into account the spread.All right
you don’t have to use all the available settings. We need to choose the ones that
are necessary to solve specific problems. No matter how well the Lazy Trader 4.0 has been reviewed, you can only trust your own trading experience with it.Lazy_Trader_4.0DownloadFyodorov’s Inga20.03.2019