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17 Sep

Introducing News Scope EA PRO Version 1.4: Enhanced Precision with the New TradeSeconds Parameter

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We are excited to announce the release of News Scope EA PRO version 1.4, bringing you greater precision and control in your news-based trading strategies. As a high-performance expert advisor, News Scope EA PRO is designed to capitalize on market movements driven by significant economic news. The latest update introduces a powerful new feature that allows you to fine-tune your trading even further.

What’s New in Version 1.4?

The standout feature of version 1.4 is the introduction of the "TradeSeconds" parameter. This new setting is part of the "Static News Trading" settings, which governs the execution of trades during scheduled news events. Previously, you could only specify the hour and minute at which the EA would place pending trades, while the seconds were hardcoded to a fixed value of 10 seconds. While this worked effectively, we realized that providing users with the ability to control the exact seconds could add an extra layer of precision and flexibility.

With TradeSeconds, you can now 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.

While there are five available time slots for setting hours and minutes, the TradeSeconds parameter is a single, universal setting. This means you don’t need to configure separate second values for each slot, simplifying the process and keeping it streamlined.

Why is This Update Important?

In trading, every second counts. When major economic news is released, the market can move swiftly and unpredictably. Having the ability to adjust the timing of your pending trades down to the exact second can help you better align with these rapid market movements and improve your potential entry points. The flexibility to fine-tune the timing of trades gives you more control and customization over your trading strategy.

We would like to remind you how to use the static news slots for trading news and events in News Scope EA PRO:

Example of trading static news with News Scope EA PRO

To demonstrate the power of the TradeSeconds parameter, let’s consider a news event scheduled at 11:30 AM involving GBPUSD. In previous versions of the EA, you could set TradeHour_1 to 11 and TradeMinute_1 to 29, with the seconds automatically set to 10 seconds before the news event, meaning trades would be placed at 11:29:50.

Now, with the new TradeSeconds feature, you have the ability to adjust this default setting to suit your strategy. For example:

1. If you want the pending trades to be placed at 11:29:55 (5 seconds before the news), you can simply set TradeSeconds to 55.

2. Or, if you prefer the pending trades to be placed 1 minute before the news at 11:29:00, you can set TradeSeconds to 0.

You can set TradeSeconds from 0 to 59! This level of control allows you to optimize your trading around news releases, ensuring that you can adapt to different types of market behavior or specific news events that may have varying impacts on volatility and price movement.

Why You Should Upgrade to Version 1.4

The addition of the TradeSeconds parameter is a game-changer for traders who value precision and customization in their trading. By allowing you to specify the exact second for trade execution, this update brings more flexibility and control to your strategies. Whether you’re targeting fast market reactions or fine-tuning your entry points to reduce slippage, this new feature empowers you to better manage your trades around key news events.

We are confident that this improvement will make News Scope EA PRO an even more powerful tool for traders who rely on news-based trading strategies. By upgrading to version 1.4, you’ll be equipped with the precision needed to stay ahead of the competition.

Final Thoughts

At its core, News Scope EA PRO is built to help traders harness the opportunities created by economic news events. With the release of version 1.4 and the introduction of the TradeSeconds parameter, we continue to refine and improve the EA to meet the evolving needs of the market. We encourage you to take full advantage of this new feature to enhance your trading performance.

As always, we welcome your feedback and look forward to hearing about your success with the new update. Stay tuned for more exciting features and updates in the future!

We hope this update brings more flexibility and accuracy to your trading experience. If you haven't upgraded yet, now is the perfect time to do so and experience the enhanced control and customization that News Scope EA PRO 1.4 has to offer!


 

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Comment(s) (2)

  • FXautomater Support Team Reply

    Anthony Cross: For News Scope can you please supply actual or back test results for xauusd and btcusd.
    Does it come with presets for these two pairs? regards Anthony

    News Scope EA PRO supported pairs are EURUSD, GBPUSD, AUDUSD, USDCAD and USDJPY

    In other words, you cannot use the robot on unsupported pairs.

    September 19 2024, 9:47 AM
  • Anthony Cross Reply

    For News Scope can you please supply actual or back test results for xauusd and btcusd.
    Does it come with presets for these two pairs? regards Anthony

    September 19 2024, 8:47 AM

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