The functionality of the indicator doesn’t end here. The indicator can also stop trading of Expert Advisors during the period of a news release(high volatility in the market) or a quiet period earlier and later a news release.
IceFX News Info can send info about the release of news a few minutes before their release (available in settings).
Features of the IceFX News Info Indicator
- Platform: Metatrader 4
- Currency pairs: All currency pairs, Indices, Metals, Stocks
- Trading Time: Any trading sessions
- Time Frame: Any
Impressions Of Indicator Functionality
Every trader knows seamlessly how financial news can impact price behavior and make its movement volatile.
Furthermore, after an important news event release, spread and slippage can quickly rise, which can drive huge losses and terminate any profitable strategy. This is why evaluating the importance of economic news in trading properly and closing manual and automated trading during their release is important.
IceFX News Info indicator will be an excellent assistant for this. The indicator can turn off trading Expert Advisors and turn them on again later on after the news release.
Here is an example: when the indicator turned off all the Expert Advisors installed in my MT4 terminal (except for those with open orders – you can change them in the settings) 20 minutes before the news release.
Moreover, the indicator shows the current GMT Time. Based on this, you can calculate the alteration between your broker’s time and GMT. It is occasionally required to configure some Expert Advisors.
Also, you can use the indicator for backtests. However, I failed to run the NewsInfo indicator on the backtest. Let us know in the comments if you successfully apply the indicator to history.
NewsInfo IceFX indicator is available for Meta Trader 4 only!
Indicator interface
The indicator contains the following information parts:
- News viewer window (NewsBox)
- Suggestion of Global Trade Sessions on a map
- Current GMT date and time
- Expert Advisor turns off warning message window
- Timelines on the chart (showing the precise dates based on the actual broker’s time)
Indicator settings
First thing first, for the indicator to run, you should enable DLL import, as shown below:
The indicator has the following settings:
As you can see, IceFX News Info is a highly functional professional news indicator. Use it wisely for your benefit.
IceFX News Info (Download link inside)
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Recommended Broker
Trade with a Trusted Global Broker ➤ XM
- Platform: Metatrader4
- EA version: 1.73
- Currency pairs: NZDUSD, USDCAD, AUDNZD, AUDCAD, NZDCAD, GBPCHF, XAUUSD (GOLD), BTCUSD (BITCOIN)
- Trading Time: Around the clock
- Timeframe: M5
- Minimum deposit: $100
- Recommended broker: XM
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