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MT4 Metatrader expert advisors and indicators
The RobotFX Team is building MetaTrader expert advisors, indicators and scripts that can assist traders take the right decision when trading forex, futures or stocks. While there's no such thing as 'holy Grail' when it comes to FX trading, our trading tools can help forex traders reduce the time traders usually spend analyzing the charts and greatly increase their chance of success by analyzing technical indicators and price information and trying to predict the price action.
News Expert Advisor
☑ I agree with the T.O.S.
 News (oco) main functions
  • Place a given number of opposite pending orders below (short) and above (long) the price, just before the news release
  • As soon as the price hits either of these, delete the opposite orders (oco = one cancels other)
  • Place stop-loss, take-profit, trail, break-even, etc.
RobotFX OCO News was designed to trade news events in an OCO approach. OCO stands for one cancels other and refers to the EA’s ability to close a pending order (or more) once the price triggers an opposite pending order.

Traders trading the news usually place two pending orders right before an important news event - that is the most known and profitable way to trade forex news - a buy-stop and a sell-stop. During and immediately after the news the price is likely to move in either direction, up or down, therefore triggering one of the pending orders. After that, the remaining (opposite pending) order is deleted.
News Expert Advisor Metatrader
OCO = one (trade) cancels other (ie when the price triggers one of two pending trades)
The difference between RobotFX OCO News trading expert advisor and other one cancels other EA is that RobotFX can place multiple pending orders at a distance of your choice from each other. Also, it doesn’t miss the other important features that any good EA must have, like stoploss, take profit, breakeven, trailing stop etc.

As you can see in the picture above, the EA placed three pending orders of each kind, longs and shorts. Once the price will reach the first pending orders, the expert will close ALL the other opposite orders.
News Expert Advisor
OCO news allows the creation of more than 2 pending orders, just before news release
Watch how RobotFX OCO News works

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