Summary of 📊 Forex Trade Management Expert MT4/5 – Account Protector Panel - News Tab #11 – [TradingFinder]
The video lesson focuses on the News Tab feature of the Forex Trade Management Expert MT4/5 Account Protector Panel, designed to help forex traders manage trades around high-impact economic news events.
Main Financial Strategies and Business Trends:
- News-based trade management: Traders can monitor important economic news for the eight major Forex currencies, allowing them to avoid or limit trades during volatile periods caused by news releases.
- Risk reduction around news events: By setting time frames before and after news releases, traders receive warnings if they enter trades during potentially risky periods, helping to protect accounts from unexpected market volatility.
Key Features and Methodology (Step-by-step guide):
- Access the News Tab to view upcoming and past economic events sourced from Forex Factory.
- Enable or disable the display of news before and after release times.
- Set a custom time range (e.g., 15 minutes before and after the news) to filter which news events are shown.
- Enable news display for specific currencies to focus on relevant economic indicators.
- View countdown timers showing time remaining until news release or time elapsed since release.
- Use toggles to hide old news or prioritize the display of the most recent news.
- Receive warnings if trades are entered within the specified risky time frames around news events.
- Adjust warning time frames to customize when alerts are triggered.
- To enable news updates, go to Tools > Options > Expert Advisor tab in MT4/5, enable "Allow Web Requests," and add the Forex Factory URL for live news feed integration.
Presenters / Sources:
- The tutorial is presented by TradingFinder, the developer or instructor of the Forex Trade Management Expert MT4/5 Account Protector Panel.
Category
Business and Finance