Why suffer from significant losses? The cTrader News Release Manager provides signals to pause your robots (x) minutes before, during and after a news release. If you automate your trading using technical indicators then you need this.
Why do you need to use a Forex News Manager Robot?
One of the greatest features of the foreign exchange market is that it is open 24 hours a day. This allows investors from around the world to trade during normal business hours, after work or even in the middle of the night. However, not all times are created equal. Although there is always a market for these most liquid asset classes, there are times when price action is consistently volatile and periods when it is muted.
If your automated strategy is based on technical indicators then you are gambling during major news releases.
Here is an example on a 15-minute chart, if the technical indicators had signalled long it would have blown my stops, but luckily I had sell signals, but this also would have caused me problems as my robots would still be signalling a sell and opened a new short position at the bottom of the spike.
By avoiding a major news release you bypass all the price spikes.
To get it to work, simply download the news file from MyFxBook in CSV format.
You can download the CSV file from the More tab as shown below:
Watch the News Release Manager Video
The video has been uploaded to 1080p High Quality, so do not forget to set your YouTube video quality to 1080p HD.
Additional Information On How to Configure This Robot
If you require more information to help you set up the News Release Manager cBot just follow the link below.
Visit the News Manager Support Page
Pause All Symbols
If this is set to true, it will set a signal to pause all your currency pairs instances that you have running on your cBot, if it is set to false, it will set a signal to only pause the currency pairs in the list you provide that relate to the news even that is about to happen. An example would be that you have EUR, GBP, and CHF in the "Currency List to Manage" and a news event happens that is only EUR related then only your currency pair symbols with EUR will be managed.
You can pause all robot instances before a news release or just those that the news release is related to, so a United States news release will affect all currency pairs with USD or Indices that are in the US, to make sure the news files have loaded correctly, just run the robot and in the log file, you will see the following.
"ONLY A SINGLE CBOT INSTANCE IS REQUIRED TO MANAGE ALL CURRENCY SYMBOLS"
How to Integrate with your Automated Strategy (cBot)
If you have downloaded the News Release Manager to be used with your own robots then you can easily manage your trading through our client module plugin, click on the link below to download the example files.
Do You Need Some Extra Help?
If you are really stuck or just need us to integrate the news event manager into your own trading system then we can do this for a one-off fee.
Product Help & Support
If you need help with installation and getting started with this trading system then please visit the product support page first.
How To Install & Remove
First, make sure you have the cTrader trading platform installed and then unzip the file and double-click on it to automatically install it onto the platform.
If you have any questions or if there are any bugs, please first search our product help forum for the answer, if you cannot find it, post a new question.
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