
IceFX NewsInfo - trade news indicator for MetaTrader4
IceFX NewsInfo is an informational news indicator that displays economic news affecting multiple currency pairs on a chart. Now you do not need to use any separate applications or websites for tracking economic news. All information about news and economic events is now available right on your chart. But the functionality of the indicator does not end there. The indicator is also capable of stopping trading of Advisors during the period of news release or some time before and after their release. It can send inform about the release of news a few minutes before their release (set in the settings).
Characteristics of the IceFX NewsInfo Indicator
Platform: Metatrader4
Currency pairs: Any currency pairs, Indices, Metals
Trading Time: Any trading sessions
Time Frame: Any
Recommended broker: Roboforex, XM, FBS
Overview of indicator functionality
You know perfectly well how economic news can influence price behavior and make its movement unpredictable. In addition, after an important news event comes out, spread and slippage can quickly increase, which can lead to large losses and destroy any profitable strategy. That is why it is important to correctly assess the importance of economic news in trading and to suspend manual and automated trading during the period of their release. The IceFX NewsInfo indicator will be an excellent helper for this.
The indicator is able to stop trading EAs and turn them on again after a certain time after the release of news. Here is a real example, when the indicator turned off the work of all the advisors installed in my terminal (except for those that have open orders - you can change them in the settings) 30 minutes before the news release:
newsinfo-disabled-ea
In addition, the indicator displays the current GMT Time. And based on this, you can calculate the difference between your broker's time and GMT. It is sometimes necessary to configure some EAs.
icefx-newsinfo-current-gmt
The developers claim that the indicator can be used in back testing, even there is a video showing this:
However, I failed to apply the NewsInfo indicator on the backtest. Write in the comments if you succeed in applying the indicator to history.
NewsInfo IceFX is designed for Metatrader 4 only!
Indicator interface
The indicator has the following information areas:
News viewer window (NewsBox)
Indication of global Trade Sessions on a map
Current GMT date and time
Expert Advisor shutdown warning message window
Timelines on the chart (showing the exact dates based on actual broker’s time)
newsinfo-interface
Indicator settings
First of all, for the indicator to work correctly, you should enable DLL import, as shown below:
newsinfo-allow-dll
The indicator has the following settings
As you can see IceFX NewsInfo is a highly functional professional news indicator. I hope you find it useful.