FRZ News Trader MT4 is a fully automated forex news trading robot that you can just set up for once and for all and then it will run without any manual work as long as your MT4 is up and running. This robot follows a pending order strategy where two buy and sell pending orders are placed just before the high impact news releases. It uses an advanced algorithm to determine TP, SL, and Trailing Stop based on market conditions.
EA Specs
| Product name | FRZ News Trader EA |
| Current version | 9.0 |
| Platform supported | MT4 |
| Timeframes supported | 01-minute chart |
| Supported pairs | Any |
| No of trades a month | It can be only a few or more trades a month with the default settings. You may adjust he settings to increase the trading. |
| Recommended broker | Any broker with low spreads and fast execution during news-times |
| Recommended min. deposit | Any amount. But do not risk more than 2% of your balance per trade. |
A VPS server is recommended for this EA as it needs to be running 24/7.
User manual is available in the knowledgebase
Screenshot
Installation Video:
NB: This is for an older version. In v9.0, you dont need to set the time difference manually. It is automatically adjusted now.
Recommended Pairs for Different News:
- USD News: AUDUSD
- EUR News: EURAUD
- GBP News: EURGBP
- CAD News: AUDCAD
- NZD News: AUDNZD
- AUD News: EURAUD
You may, of course, have more than one chart for one news. For instance, you can have several pairs with USD to target a US news event. But, this will, in turn, increase the risk.
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here
Jan –
Does it work on MT5?
ForexRobotz –
This is for MT4
Jacob L –
Does it make pending orders?
ForexRobotz –
yes
Kathier –
How many account do you provide?
ForexRobotz –
3 per purchase
Hela M –
Do I need a VPS to run this?
ForexRobotz –
Not necessary but recommended
Pete Kane –
It works well. I had 5 trades in the first week and 4 got profitable. So far doing well. And thanks for the great support
Kamal K –
Works well. It made 7 profits out of 10 trades during the first two weeks.
Jane Smith –
Best news EA for sure. Great support. Recommended
Hanny M –
Good. so far profitable. Thanks
Sunith –
Really good. worth the price. It catches most of the good trades. TP level is dynamic and perfectly placed by EA. Recommended.
Emerich –
No doubt. this is the best news trader out there! I have used it for the last 3 months and I have got around 12.5% monthly return on average.
Adi –
Hi, can this EA really be backtested? How can it identify past economic calendars?
ForexRobotz –
Backtesting might not work (unless we use custom designed tools for this) because EA downloads only current data from investing.com
Janak H –
Best news robot for sure. Made over $500 in a week.
Manfred –
I am impressed and would give it a try.
Samuel –
Mine says “Error no trading currency” what does that mean?
ForexRobotz –
Pls read the manual pdf
Ashiru Abdulhamid –
Hello,please can this robots works on small account like $100.
ForexRobotz –
Yes. Pls read the user manual pdf
srdjanmiljkovic018 –
Does this EA use Martingales ?
FRZ –
its optional
DK –
Hi, what other currencies does this ea work on, can i add more forex pairs then what is recomended on the description?