Forex news indicator for MT4
News trading is one of the most popular strategies in the Forex and stock markets, allowing even novice traders to profit without much knowledge.
This strategy is based on tracking the release of major financial news, and based on the information received, decisions are made on opening new transactions, their direction and duration.
The news indicator for MT4 allows you to receive information in the fastest and most convenient way.
Thanks to it, news is displayed directly in the mt4 trading terminal, which gives a certain advantage over other traders and significantly simplifies the work.
It's important to remember that not every piece of news is reflected in a trend, and the Forex market practically ignores some events. Therefore, you shouldn't rush into a trade; you should first wait for the price to react to the news release.
• high – show news only on the most important events, helps to prevent information on minor news from appearing on the screen.
• Texts – immediately notify you about new news.
• Currency selection – helps to select only the currency in which trading is conducted, making the trader’s work more productive.
You can also specify parameters such as message language, time zone, and visual display settings for received information in the settings. More detailed information on the news indicator can be found in the archive by downloading the indicator.
MT4 News Indicator Trading Strategy
The news trading strategy is not only one of the most popular, but also one of the most effective, and works equally well on both the stock market and Forex.
The main difficulty in implementing this is the need to constantly monitor the emergence of new events, and the presented tool makes it easy to cope with this task.
Trading with the MT4 Forex news indicator is actually quite simple. First, configure all the necessary settings and select the currency for which the news will be displayed.
This must be one of the currencies used in the currency pair, for example, let's take EUR/USD.
In this case, we check the box to display news on the euro and US dollar, wait for the news to be released, analyze it, and determine the direction of the transaction.
It should be remembered that positive news on the base currency leads to an increase in the price of the currency pair, while negative news leads to a decrease, and vice versa when tracking news on the quoted currency included in the currency pair.
For example, a message was released about a reduction in the euro interest rate. This step will most likely lead to a downward trend in EUR/USD. We look at the chart and if movement has begun, we open a sell order.
