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- Forex Robot Review
- Metatrader 4
- Utilities
- Easy News
The Easy News Forex Software is making waves in the realm of currency trading. Catering to all currencies and timeframes, this versatile tool offers a unique approach to trading breakouts, especially during key news and economic announcements, where high risk/reward ratios are typical.
Understanding the Functionality of Easy News Forex
The software operates through the creation of two stop orders – one Buy and one Sell – at a specific time, which you stipulate. The stop orders are placed a certain number of points from the current price – this is user-defined rather than preset.
For instance, if a significant news event is expected at 15:30 (broker time), it is recommended to set the start time to a few seconds prior to the actual event. Thus, Start Time Hour: 15, Start Time Minute: 29, and Start Time Second: 58 would be ideal.
Manual Trading and Profit Pyramiding
The Easy News Forex software doesn’t just cater to automatic trading settings; it also comprises features for manual trading. Three buttons in the chart window enable you to create stop orders at your convenience, with the software managing them for you.
Moreover, the software includes a unique profit pyramiding feature. This means that once the first order reaches a profit of xx points (which is adjustable), another order is activated. For instance, if the Magic Number Profit for Pyramiding is set to 0.05, a new position is opened when the last position gains a profit of $0.05, and this continues in a pyramid fashion.
Parameters and Settings
Easy News Forex Software offers several adjustable settings to cater to your trading preferences and strategies. These include:
- Lot Size: 0.01
- Distance for Stop Orders in Points: Adjustable
- Take Profit in Points: Adjustable
- Stop Loss in Points: Adjustable
- Trailing Start in Points: Adjustable
- Trailing Stop Loss in Points: Adjustable
- Breakeven in Points: 0 = disabled
- Delete Other Position: True/False (if true, the opposite position remains if an order is triggered)
- Max. Number of Additional Orders: Adjustable
Importance of Demo Testing
Before implementing the Easy News Forex Software in real trading scenarios, it is imperative to thoroughly test it on a demo account. This involves finding the optimal settings for distance, TP, SL, and TS for your specific trading style and risk tolerance.
For an in-depth understanding of the software’s capabilities, users can also visit forexroboteasy.com to watch independent testing of the product. Users can even subscribe to updates on the results of testing this tool.
FAQ
Q: Can the Easy News Forex Software be used with any currency?
A: Yes, the software is designed to work with all currencies and timeframes.
Q: Can users manually create stop orders?
A: Yes, the software allows for manual stop order creation for flexible trading.
Q: Can the software’s settings be customized?
A: Yes, users can adjust the settings based on their trading preferences and strategies.
We invite users of the Easy News Forex Software to share their experiences and provide feedback, contributing to a rich and informed trading community.
Please note that this is an independent review of the product, and does not reflect any personal or collective ownership. We aim to provide unbiased and comprehensive reviews to help traders make informed decisions.
Easy News Forex Software Review: Trade Breakouts for High Rewards
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Rednaxela55
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Expert Review of Easy News Forex Trading Software for 2021
Upon initial inspection, the "Easy News" software appears to be a well-designed tool. The user interface is clean and intuitive, making it easy to navigate even for those who may be new to Forex trading. The software also offers a range of features that are designed to assist traders in making informed decisions. One of the standout features of the "Easy News" software is its news feed. This feature provides real-time updates on market news, which can be incredibly valuable for Forex traders. Being able to stay abreast of market news allows traders to make informed decisions and potentially capitalize on market trends. Another feature that I am particularly excited to test out is the EA's automated trading capabilities. This feature allows traders to set specific parameters for trades, which the software will then execute automatically when those conditions are met. This can be a great time-saver and also helps to remove some of the emotion from trading decisions. In terms of performance, the "Easy News" software seems to be quite responsive. I have not experienced any lag or glitches, which is always a positive sign. The software also offers a range of customization options, allowing traders to tailor the platform to their specific needs and preferences. While I am still in the early stages of testing the "Easy News" software, my initial impressions are largely positive. I am looking forward to seeing how the software performs over the coming weeks and whether it can live up to its promising features. As with any trading tool, the true test will be in its ability to consistently deliver profitable trades. In conclusion, the "Easy News" Forex software appears to be a robust and user-friendly tool for traders. With its range of features and intuitive design, it has the potential to be a valuable addition to any trader's toolkit. I am excited to continue testing the software on my demo account and look forward to seeing what it can do.