News Filter Expert Advisor for MT4

Advantages of News Filter Expert Advisor for MT4

1. Automated Shutdown Before News Events:
The News Filter EA provides a unique feature that automatically turns off the MT4 platform before high-impact news events. This crucial function ensures that no trades are executed during volatile market conditions, protecting traders from unexpected losses due to erratic price movements.

2. Push Notifications:
The EA sends real-time push notifications to your mobile MT4 app, alerting you to significant news events. This feature keeps you informed, allowing you to stay on top of your trading strategy, even when you’re away from your trading terminal.

3. Close All Trades Before News:
With the addition of the “Close all trades before news” function in the latest version, traders can rest assured that their open positions will be managed safely before any volatility. This automatic closure reduces the risk associated with sudden price swings often seen during news announcements.

4. Preserves Trading Environment:
When MT4 is automatically turned off, the status of all charts, indicators, and Expert Advisors is saved. This ensures that upon re-launching MT4, everything resumes exactly as it was, allowing traders to continue analyzing the market without having to reconfigure their settings.

5. Protection Against Unpredictable Volatility:
Many traders advise against trading during major economic announcements. The News Filter EA aligns with this advice by preventing any trades from opening during potentially chaotic market conditions. This means that traders can avoid the typical pitfalls associated with trading during news events.

6. Simple Setup:
Configuring the EA requires just a few steps to allow the necessary URL in MT4 options. The setup process is straightforward, making it accessible for traders of all levels, from beginners to experienced professionals.

7. Flexibility in Restarting MT4:
After the news event has passed, traders have the option to manually restart MT4 or use a free Windows App provided by the developer, which automatically reopens MT4 after a set time. This flexibility allows for a seamless return to trading without missing significant market movements.

By utilizing the News Filter Expert Advisor, traders can enhance their trading strategy significantly, reducing risk and maintaining a disciplined approach to market analysis, particularly during unpredictable market conditions.