Trade in news

One of the critical aspects of risk management in forex trading is managing risks associated with news events. The ESB includes an advanced news module designed to help you trade safely, even during volatile news times. Simply set the “Monitor News” option to true to activate this module.

Trading in Multiple Important News Times: This feature allows ESB to identify periods of high potential volatility and unpredictable trends due to multiple news events. The system will avoid entering new positions during these times.

Warn hours for red, yellow, orange news, central banks: Set the minimum number of warning hours to restrict trading before and after high, medium, or low-impact news events or central bank announcements. Only news affecting the current trading pair is considered. For example, if you set 2 hours of warning before and 3 hours after red news, ESB will not enter any new positions for 2 hours before and 3 hours after any high-impact news related to the current symbol.

Note: To enable the news engine, you must add “https://www.forexfactory.com/” to the list of allowed web request URLs in the Tools > Options menu, under the Expert Advisors tab. Make sure to check the “Allow Web Request for listed URL” option.