Published on Mon Nov 30th, 2015
As FxAutomater; the developers of Forex Diamond EA, have received numerousÃÂ requests from their customers over the last few months, they have finallyÃÂ added a News Filter to their decent EA. This will be favored by trades who prefer to avoid tradingÃÂ during high-impact news events, this was included in a new version 5.0 of the EAÃÂ with other interestingÃÂ new features.
Visual Risk Level Indication
This is to make it easier toÃÂ define the risk level to be used in trading, so:
- Low Risk is considered if the risk of trading is lower than 1% Ã¢ÃÂ BLUE.
- Moderate Risk is considered if the risk of trading isÃÂ between 1% and 3% Ã¢ÃÂ ORANGE.
- High Risk is considered if the risk of trading is higherÃÂ than 3% Ã¢ÃÂ RED.
Setting The Risk Level DefaultÃÂ for All SignalsÃÂ to Auto MM 0.5% Per Trade
This aims to protectÃÂ Forex Diamond EA customers from taking too high risk mistakenly. If higher risk is desired, the risk levelÃÂ can be changed anytime.
News Filter Settings
- The news filter is disabled by default, to be enabled,ÃÂ AvoidNewsÃÂ parameter is to be set toÃÂ true.
- GMT_Offset is one of the most importantÃÂ News Filter parameters, the winter GMT offset of the broker should always beÃÂ usedÃÂ for this parameter.
- DST_usageÃÂ is the next parameter in importance as in case that the broker providesÃÂ two different GMT offsets, one for winter and another for summer,ÃÂ DST_usageÃÂ should be set toÃÂ true, while ifÃÂ the broker uses only oneÃÂ GMT offsetÃÂ for all seasons,ÃÂ DST_usageÃÂ should be set toÃÂ false.
- Other Parameters:
- Include_Medium_News: true / false; if set to true, ÃÂ medium-impact news will be avoided.
- Wait_Before_News: it's a time period in minutes during which trading will be disabled before a news event.
- Wait_After_News: it's a time period in minutes during which trading will be resumed after a news event.
New Image Logo and Colors
These features will not directly affect the trading results ofÃÂ Forex Diamond EA, but theyÃÂ will improve the EA user interface and make it more easier for beginners and more interesting and useful for experienced traders.