News impact

[TopicStarter]

Introduction​

Let's talk about the News Impact trading robot. With a user rating of 4.63 and glowing remarks from enthusiastic users, it seems to be a go-to tool in the world of trading. But, before we all jump on the bandwagon, let's take a closer look at what this robot really offers and whether it lives up to the hype.

Description of Features​

The News Impact robot is designed primarily to inform traders about significant upcoming economic news events. Here are its primary features:

• Vertical lines displaying upcoming news events directly on the trading chart.
• Columns showing values for Actual, Forecast, and Previous indicators (though not without some room for improvement).
• User-friendly interface with a focus on enhancing trading decision-making.
• Real-time updates to help traders avoid volatile market conditions during news releases.
• Support system that appears to be responsive to user suggestions.

The overall objective is to help traders manage their time effectively by avoiding market volatility associated with news events.

Analysis of Results​

A year in review shows that many users have found this tool beneficial. However, anecdotal evidence often leaves room for skepticism. The positive user feedback highlights its utility in avoiding unwanted market chaos, but how does that translate into actual trading results? Without concrete statistical data, we can't definitively gauge its effectiveness in terms of profits or losses. Users rave about its utility, but, as we know, a good tool doesn't always mean good trading outcomes.

Pros and Cons​

Pros:

• Intuitive design and immediate visual cues for upcoming news events.
• User feedback is taken seriously, with responsive updates from support.
• Helpful for traders to reduce time wasted in volatile markets.

Cons:

• Lacks clarity on value representations (e.g., missing '%' marks).
• Limited news sources, which some users have pointed out as a drawback.
• Dependent on user discretion; the tool does not execute trades itself.

Source Code of News Impact​

Interestingly, the real source code of the News Impact robot is not publicly available. However, we can create a code version based on the descriptions provided on the MQL5 website. This is important to note because while the **EASY Trading Team** does not sell the News Impact robot, we are capable of coding a trading robot inspired by its features.

You don't have permission to view the code content. Log in or register now.

Download News Impact for Optimal Trading​

In conclusion, while the News Impact trading robot offers an interesting set of features that could enhance your trading strategy, it's crucial to approach with a healthy dose of skepticism. We encourage users to discuss their experiences and results on forums, as shared insights can be invaluable. If you have any questions regarding the code or need further clarification, feel free to reach out. Remember, this is an example code from easytradingforum.com, based on the description of the robot sold on MQL5.

 

[CryptoKing]

With the latest update of News impact Version 1.7, I can now smoothly scroll through the news table, making it even easier to keep track of the latest developments in the market.