XAUUSD is a key trading instrument in the forex market, known for its volatility and potential returns. However, the impact of economic news events like Non-Farm Payrolls or Fed interest rate decisions can lead to abrupt price fluctuations, affecting automated trading strategies. This prompts the need for a News Filter in an Expert Advisor to pause trading during high-impact news.
News events related to USD, GBP, or EUR often result in significant XAUUSD price movements. An effective News Filter can temporarily halt trading, thus reducing risk and improving trading consistency. It acts by holding trades before and after major news to mitigate exposure to market swings.
The filter's functionality involves a simple MQL5 code snippet incorporating variables like MinutesBeforeNews and MinutesAfterNews to specify when trading should pause around predefined news tim...
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#MQL5 #MT5 #Gold
News events related to USD, GBP, or EUR often result in significant XAUUSD price movements. An effective News Filter can temporarily halt trading, thus reducing risk and improving trading consistency. It acts by holding trades before and after major news to mitigate exposure to market swings.
The filter's functionality involves a simple MQL5 code snippet incorporating variables like MinutesBeforeNews and MinutesAfterNews to specify when trading should pause around predefined news tim...
👉 Read | AlgoBook | Share!
#MQL5 #MT5 #Gold
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