MyFxBots
Updated on Fri Nov 20th, 2020

Auto News Trader Review Introduction

Auto News Trader is a fully automated Forex trading robot that opens trades depending on news releases. Trading news is an important Forex trading strategy that exists and being used by Forex traders a long time ago although special precautions should be taken to what could occur during and around Forex news releases like spreads increase and execution delay, what is called slippage in the trading industry.

License

1 Year Membership for the Annual Plan and a Lifetime Membership for the One Time Payment Plan.

Support

Full Support is Included.

Updates

Free Future Updates Limited to the Membership Type.

Brokers / VPS Recommendations

It will require a good Forex broker, so we suggest using it on TradingFX VPS and Using it on an XM Broker Account, IC Markets Raw Spread Account, or Tickmill ECN Pro or Classic Account for the Best Stability and Profitability.

Usage Instructions

Detailed Usage Instructions are Included.

Refund Policy

60 Day Money Back Guarantee is Provided by the Vendor.

Supported Currency Pairs

AUDUSD, EURCAD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDJPY and USDSEK

MT4 Chart Timeframe

Any

Auto News Trader Forex robot runs on the well known and free to download and use, MetaTrader 4 trading platform. It will require a good Forex broker, so we suggest using it on TradingFX VPS and Using it on an ICMarkets Raw Spread Account for the Best Stability and Profitability.

3rd Party Verified Live Trading Performance

FX Blue - Statement for autonewstrader

FX Blue - Statement for autonewstrader
Started On
2017-10-24 00:00:00
Leverage
1:200
Broker
ICMarkets
Account Type
Real
Starting Balance
$3,000

Trading Strategy

If it's not clear enough by its name, the Auto News Trader Forex robot trades by taking opportunity and make profit from Forex news releases. A well-known Forex trading strategy but could be hard to practically apply by traders due to the market volatility accompanying news releases. In fact to find a Forex robot like the Auto News Trader that solely focuses on news trading is not common these days.

An ECN Forex broker should be used with Auto News Trader for the best possible spreads and execution especially during news releases that can cause spreads widening and extra slippage which is done intended by some brokers that know the power of trading around the news to prevent traders from taking advantage and limit their profits in such periods. Some features in the Auto News Trader Forex robot try to limit the impact of this.

Forex news releases happen multiple times a day and this creates great chances for traders depending on Forex news strategies to trade in profit. NonFarm Payroll (NFP) days; the first Friday of every month should be generally avoided as during these days the news movement are too unexpected.

Summary

Overall, the Auto News Trader main idea is not new. The impact on spreads / slippage that news releases can have should always be taken into consideration. Some built in features can try to avoid unsuitable spreads and slippage. Auto News Trader should also be run first on a demo account without ignoring the fact that the brokers server on a demo account will be different from a real live account, so the liquidity affecting slippage are different in both.

Promotional Videos (by the Developer)

By:
4.8/5
91 total votes.
$ 197 / Year
Auto News Trader Annual $ 397
Auto News Trader LifeTime

Talk about Auto News Trader

Information, charts or examples contained in this review article are for illustration and educational purposes only. It should not be considered as an advice or endorsement to purchase or sell any security or financial instrument. We do not and cannot give any kind of financial advice. No employee or persons associated with us are registered or authorized to give financial advice. We do not trade on anyone's behalf, and we do not recommend any broker. On certain occasions, we have a material link to the product or service mentioned in the article. This may be in the form of compensation or remuneration.