News Scope EA PRO version 1.4 has been released by FXAutomater, allowing their customers to trade news-based strategies with greater precision and control. News Scope EA PRO is an expert advisor designed to profit from market movements triggered by important economic news as a high-performance expert advisor. With the latest update, traders can fine-tune their trading even further with a powerful new feature.
New Features in News Scope EA PRO Version 1.4?
Among the notable improvements of version 1.4 is the addition of the "TradeSeconds" parameter. This parameter is part of the "Static News Trading" settings and governs when trades are executed during scheduled news events. In the past, you could only specify the hour and minute at which pending trades would be placed, while the seconds were hardcoded to 10 seconds. As well as working well, FXAutomater realized it could add more versatility and precision by allowing users to control the exact seconds.
With TradeSeconds, you can specify exactly when the EA should place pending trades, right down to the second. This makes News Scope EA PRO even more adaptable to different trading strategies and individual preferences, especially for traders who want to optimize their timing based on market conditions or specific news events.
As opposed to the five available time slots for setting hours and minutes, the TradeSeconds parameter is a single, universal setting, which simplifies and streamlines the process.
What is the Significance of this Update?
When major economic news is released, the market moves swiftly and unpredictably. To better align with these rapid market movements and improve your entry points, you can adjust the timing of your pending trades down to the exact second. It gives you greater control and flexibility over your trading strategy when you can fine-tune the timing of trades.
To use the static news slots in News Scope EA PRO for trading news and events, we would like to remind you how to do so.
News Scope EA PRO Trading Static News Example
Consider a news event involving GBPUSD scheduled for 11:30 AM to demonstrate the power of the TradeSeconds parameter. TradeHour_1 could be set to 11 and TradeMinute_1 to 29, with the seconds automatically set to 10 seconds before a news event, so trades would be placed at 11:29:50 in previous versions of the EA.
You can now adjust this default setting according to your strategy with the new TradeSeconds feature. For example:
- Set TradeSeconds to 55 to place pending trades at 11:29:55 (5 seconds before the news).
- Set TradeSeconds to 0 to place pending trades at 11:29:00 (1 minute before the news).
TradeSeconds can be set from 0 to 59, giving you the flexibility to trade around news releases, taking into consideration varying market behavior and news events, which may have varying impacts on volatility and price movement.
The Benefits of Upgrading News Scope EA PRO to Version 1.4
Traders who value precision and customization in their trading will appreciate the addition of the TradeSeconds parameter. This update allows you to specify exactly when a trade will be executed, so your strategies can be more flexible and controlled. With this new feature, you can better manage your trades around key news events, whether you're targeting fast market reactions or fine-tuning your entry points to reduce slippage.
With this update, FXAutomater ensures that News Scope EA PRO is an even more powerful tool for traders who use news-based trading strategies. By upgrading to version 1.4, you will be equipped with the precision you need to succeed.
Thoughts for the End
Using News Scope EA PRO, traders can take advantage of economic news events to maximize profits. To meet the evolving needs of the market, FXAutomater is continuing to refine and enhance the EA with version 1.4 and the introduction of the TradeSeconds parameter. To improve your trading performance, we encourage you to take full advantage of this new feature.
FXAutomater will be releasing more exciting features shortly!
The News Scope EA PRO 1.4 update provides enhanced control and customization for your trading experience. If you have not yet upgraded, now is a great time to upgrade!
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