Forex Factory Calendar Expert for MT5: Real time news trading with verified results

The Forex Factory Calendar Expert for MT5 review for 2026 evaluates the indicator and expert advisor combination with a focus on live performance and strategy analysis. In this review the key question is whether calendar driven entries produce repeatable results and manageable drawdowns. The performance analysis here is based on sample live account logs and backtested windows around high impact events from 2023 through early 2026. What makes Forex Factory Calendar Expert for MT5 unique is the direct integration of the Forex Factory calendar feed into the MT5 terminal using the Web Request function so that event times, impact labels, and previous versus consensus data are visible on the chart and used by the EA logic. The algorithm works by flagging high impact entries, filtering signal validity by recent volatility, and applying time of day and spread checks before sending orders. The EA will avoid low liquidity hours and impose a configurable cooldown period after each event to reduce overtrading. Market conditions that the Forex Factory Calendar Expert for MT5 handles best are major currency pairs during scheduled macro releases where liquidity is high and directional moves are common. The risk management approach emphasizes fixed and ATR adjusted stop losses, position sizing by percent of equity, and maximum daily trade caps. Expected performance characteristics include episodic profit spikes around releases, a moderate win rate with occasional large winners, and concentration of trades in a handful of event days per month. Results should be validated on a live account before scaling capital.