The EA is recommended for trading EURUSD M15 or M5. It is based on the strategy of “waiting out”, the market entry (and exit) points are determined on the basis of correlation of a number of indicators. The trading volume for opening a position depends on results of previous trades. It is possible to limit the amount of risk (the AutoMM parameter). It is also possible to set the maximum spread, above which the EA will automatically suspend trading (the MaxSpread parameter). It also has advanced features for managing news releases.

Parameters

• StopAfterNews – a pause after the market news release, in minutes.
• StopBeforeNews – a pause before the market news release, in minutes.
• LightNewsEnabke – enable the pause for low-impact news.
• MediumNewsEnable – enable the pause for medium-impact news.
• HardNewsEnable – enable the pause for high-impact news.
• GMT_Offset – your broker’s time zone.
• NewsCurrency – a comma separated list of currencies for which you want to receive news.
• NewsLines – show time of news releases on a chart as lines.
• FixedLot – fixed lot size.
• AutoMM – risk limit (as a percentage).
• HEDGING – Enable or disable hedging mode.
• MagicNumber – any unique number that distinguishes this EA.