Auto News Trader Forex robot runs on the well known and free to download and use, MetaTrader 4 trading platform. It will require a good Forex broker, so we suggest using it on TradingFX VPS and Using it on an ICMarkets Raw Spread Account for the Best Stability and Profitability.
1 Year Membership for the Annual Plan and a Lifetime Membership for the One Time Payment Plan.
Full Support is Included.
Free Future Updates Limited to the Membership Type.
It will require a good Forex broker, so we suggest using it on TradingFX VPS and Using it on IC Markets Forex Brokers for the Best Stability and Profitability.
Detailed Usage Instructions are Included.
60 Day Money Back Guarantee is Provided by the Vendor.
If it's not clear enough by its name, the Auto News Trader Forex robot trades by taking opportunity and make profit from Forex news releases. A well-known Forex trading strategy but could be hard to practically apply by traders due to the market volatility accompanying news releases. In fact to find a Forex robot like the Auto News Trader that solely focuses on news trading is not common these days.
An ECN Forex broker should be used with Auto News Trader for the best possible spreads and execution especially during news releases that can cause spreads widening and extra slippage which is done intended by some brokers that know the power of trading around the news to prevent traders from taking advantage and limit their profits in such periods. Some features in the Auto News Trader Forex robot try to limit the impact of this.
Forex news releases happen multiple times a day and this creates great chances for traders depending on Forex news strategies to trade in profit. NonFarm Payroll (NFP) days; the first Friday of every month should be generally avoided as during these days the news movement are too unexpected.
Overall, the Auto News Trader main idea is not new. The impact on spreads / slippage that news releases can have should always be taken into consideration. Some built in features can try to avoid unsuitable spreads and slippage. Auto News Trader should also be run first on a demo account without ignoring the fact that the brokers server on a demo account will be different from a real live account, so the liquidity affecting slippage are different in both.
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Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.
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