Filter This

As we delve into the realm of Forex trading, it becomes evident that having the right tools is paramount to success. Among these tools, Forex software that offers chart-specific functionality and news filtering capabilities stands out. In particular, ‘The News Filter’ is one software to watch out for, as it presents a unique approach to Forex market analysis.

News Filtering and Selection

At the core of this software is its ability to filter news related to Forex trading, sourcing from Forex Factory’s economic calendar. This provides traders with a curated selection of news, based on the currencies they are interested in. Additionally, the software can identify keywords and filter news based on its impact. Notably, it has an automatic mode that selects news related to the current chart. The news source is continually refreshed according to user-specified intervals.

Order Management Choices

Beyond news filtering, the software offers comprehensive order management choices. Traders can choose to close open positions before the news hits, with an option to restore them afterwards. Similarly, pending orders can be deleted before news and restored later. Stop-loss and take-profit levels can be temporarily removed or moved and later restored. The selection of orders to manage can be based on chart symbol, magic numbers, and comments. This flexibility provides traders with greater control over their trades, especially during volatile news events.

Interactive News Display and Unique Features

The News Filter is equipped with an interactive news display that plots vertical lines during news time, providing traders with a visual representation of news events. It also features a unique input system for every filtered chart and automatic GMT detection. Furthermore, it can effectively stop other expert advisors from opening new positions during news by removing them.

Easy Setup and Use

The setup process for The News Filter is straightforward. Users simply attach the software to any new, empty chart which will serve as the main chart to display all currently filtered charts. The ‘Filter This’ feature is then attached to any chart that the user wants to filter. The software automatically detects expert advisors and can filter charts without an expert advisor as a manual setup.

FAQs

Is there a demo version of The News Filter available?

Yes, a free demo of The News Filter is available for users to try before purchasing.

Does the software support mobile notifications?

Yes, The News Filter includes a useful notification system that sends alerts to MT4 mobile.

How often does the software refresh the news source?

The news source is refreshed automatically according to user input minutes to refresh.

Can I filter news for specific currencies?

Yes, the software allows selection based on any number of currencies.

For a more comprehensive understanding of how The News Filter operates, independent testing and demonstrations are available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. If you’ve had an experience using The News Filter, we invite you to share your insights. Remember, this is an independent product review and your feedback can greatly benefit other traders in the Forex market.