If you re in the market for a new expert advisor to trade forex, you re probably wondering if XM Forex News Trader EA is right for you. This EA helps you trade the news, applying stop-loss and take-profit levels as needed until the news is released. It then applies a trailing stop once the news is released and closes trades automatically within one hour. The News Trader also offers a full education program, including more than 25 forex trading lessons and webinars from 50 experts.
XM also offers access to mainstream financial instruments. It offers over a thousand instruments across six asset classes, including 55 currency pairs, as well as cross-currency and non-mainstream currency pairs. Other trading options include stocks, precious metals, and energies. If you re looking for a Forex news trader EA that s easy to use, XM is the best place to start.
The XM Forex News Trader EA is compatible with ECN brokers and market execution orders. This EA s default settings are 5x stop-loss and trailing stop. You can also customize the parameters for this EA. You can customize it to your liking with the help of expert forums and watch videos. When it s time to start trading, simply follow the EA s directions. You ll soon discover which signals to trade on and where to place your stop-loss.
There are several options available on the trading platform. You can select the alerts to receive when the news is released, or you can use the option to filter news according to its language. It is best to follow the rules for XM Forex News Trader EA before attempting to make any trades. These settings are essential in making your trading platform work effectively and smoothly. Once you ve done that, you re ready to go.
XM MT4 platform software is compatible with eight different platforms, including Mac OS X and Windows. You can use the platform on multiple terminals and run CPU-intensive EAs on your desktop. XM MT4 also supports live streaming economic news feeds and helps you set up and use your trading system. A demo account is available on the website for practice. You can use it to learn how it works before you make a real money trade.
XM offers four different account types. Micro, Standard, and Ultra Low Spread accounts require a minimum deposit of $5. Micro and Standard accounts are suitable for beginners. You can also open a free account with the XM Forex news trader EA. Depending on your location, you can have an unlimited number of demo accounts. Demo accounts usually expire after 30 to 90 days of inactivity.