News-Based or Event-Driven EA
News-Based or Event-Driven EA
Objective: A client wanted an EA that could pause trading during high-impact economic news releases and resume trading with adjusted risk settings once the market stabilizes.
Solution: Developed a news-based EA that integrates with economic calendars to automatically suspend trading around major news events and adjusts trading strategies post-event based on volatility. The EA includes an adjustable news filter to determine which events trigger the pause.
Results: The client experienced more controlled risk during high-volatility periods and improved overall profitability by avoiding erratic price movements caused by news events.