There are times you have to interrupt your EAs while they are trading. Maybe due to too much profit or during high volatility periods like near major news events, but it’s too tedious to keep following, so automating this would be a much comfortable approach.
Trade Plugin Download Links
How to use
- Download your preferred Metatrader version EA.
- Add it to your Experts Folder and restart your MetaTrader.
- Add the URL
https://nfs.faireconomy.mediato the list of allowed web requests - Open a chart and load the EA. You only need it on one chart, and it will scan all trades from any symbol.
The Settings
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Magic Allows you to only filter certain trades from specific EAs
0 (Zero) Only activates for manually opened trades
-1 Activates for all trades, both opened by the bot and manually.
Any number above zero specifies an EA with that magic number. -
Max Trades Stops automatic trading for all the EAs when all open positions reach this number.
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Max Profit Close Closes all the open positions when this profit amount is reached. It can be set in an amount or a percentage of your account balance.
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Max Loss Close is similar to max profit close but checks for a negative profit.
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Max Daily Profit Disable Closes all the open positions and disables the EA till the next day when the daily profit amount is reached. It can be set as an amount or as a percentage of your account balance.
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Max Daily Loss Disable is similar to max daily profit disable, but checks for a negative profit.
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Session allows you to specify when auto trading should be on. You can have custom day sessions like
1=08:00-12:00, which means that trading is only allowed on Monday, 8 am to 12 pm broker server time. You can have multiple sessions by adding commas. Example:1=08:00-12:00,3=04:00-17:00 -
No Trade Before News, No Trade After News specifies the range of time auto trading is disabled when around the filtered news.
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Close Open Trades Minutes allows you to exit your open positions minutes before the filtered news.
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High, Low, and Medium filters the specific type of news that you want.
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Timer lets you set how often the conditions are scanned by the plugin in seconds.
Usage with TradingView To MetaTrader
This plugin also allows you to perform trailing of trades that are automated with TradingView to Metatrader EA. It is built separately from the Automation EAs to allow extremely fast trailing of trades so as to always lock your profits.
Happy Trading!
Please consider an additional auto option to block given symbols besides global on/off that the user can set, i.e., for USD news. This auto option can work like this: there is news for AUD, so all pairs involving AUD will be paused; news for JPY, so all pairs with JPY are paused, etc. I don’t know if I explained it well, but it would be helpful for all that trade multiple currencies simultaneously. There is no point in blocking AUDNZD when CHF data is coming, but at the same time, it would be resonable to block all CHF pairs. USD or EUR, on the other hand, can block trade for all pairs if the user sets it as a global filter.