News Trader Pro User Guide

1. Software Download, Log In and Connecting

2. Selecting Events

3. Trade Setup

4. Triggers

5. Conflicts

6. Loading and Trading

7. Example with MT4

1. Software Download, Login and Connecting

Once you have registered on the web site, News Trader Pro can be downloaded from your account.

Once downloaded and installed, login with the same details used to register.

News Trader Pro connects automatically upon success login. Once connected, the calendar of events will be displayed.

News Trader Pro Main Window
2. Selecting Events

Click on the plus in the calendar to open the trade setup window.

News Trader Pro Trade Setup Window

There are hundreds of events available to trade with News Trader Pro each week, but we only trade a select few. We trade the events that have been shown to consistently make profits over our extensive research and live trading. Each week we publish This Week’s Top Events.

3. Trade Setup

We provide analysis for each of the week’s top events at least one hour prior to the release time.

The analysis includes the currency pair we will trade and the parameters we will use for our triggers. You are free to use these, or your own.

The currency pair and the trade size need to be setup in your trading platform.

An example of setting up News Trader Pro with MT4 can be found at the end of this guide.

4. Triggers

After setting up the trade in your trading platform, the next step is to setup the triggers in News Trader Pro. This is done from the triggers section of the trade setup window.

To setup a trigger:

  • Click ‘+’ to add a new trigger.
  • Change the trigger type by clicking on ‘Sell <'. This will cycle through the available trigger types (Sell <, Buy >, Buy <, Sell >).
  • Click ‘Set’ to enable click location tracking.
  • Move your mouse to the buy or sell button in your platform. DO NOT CLICK.
  • Press s on your keyboard to save the mouse location.
  • The trigger will populate with x and y coordinates. A target will also briefly appear showing the click location.
  • To delete a trigger:

  • Select the trigger by clicking on it and click the delete button.
  • 5. Conflicts

    Conflicts are used when two or more events are released at the same time and have the potential to conflict with each other. Conflicts prevents a trade from being triggered if two or more events trigger opposing signals.

    Conflicts are setup from the Conflicts section of the trade setup window.

    To add a conflict:

  • Click ‘+’ to add a new conflict.
  • Select the conflict from the dropdown.
  • Complete the conflict triggers.
  • To delete a conflict:

  • Select the conflict by clicking on it and click the delete button.
  • 6. Loading and Trading

    Once all of the previous steps have been completed, News Trader Pro is now ready to load.

    We recommend loading shortly before the scheduled release time.

    After loading, the ‘Load’ button will now read ‘Abort’. If you need to cancel the trade at any point prior to execution, click ‘Abort’.

    If a trade is executed, you should manage it in your trading platform the same way you would manage any other trade.

    News Trader Pro only executes the entry and does not manage the trade in any way.

    7. Example with MT4

    We will show an example of how to setup News Trader Pro.

    We will use MT4 as this is the most common Forex platform, however News Trader Pro is compatible with every trading platform that can enter a trade with one click. We are yet to find a Forex, Binary Options or Futures platform that cannot do this.

    For the Example we will use USD Nonfarm Payrolls (May)

    Trigger for this event are shown below:

    Market: USD/JPY

    Buy > 230

    Sell < 130

    Conflict: USD Unemployment Rate

    Buy < 3.5

    Sell > 3.5

    1. Setup trade in MT4.

  • Open ‘New Order’ window in MT4. Toolbar -> New Order.
  • Symbol: USDJPY.
  • Volume: Enter your desired trade size.
  • 2. Open the trade setup window for USD Nonfarm Payrolls.

    3. Setup triggers.

  • Click ‘Triggers’ in the trade setup window.
  • Click ‘Add’.
  • Setup trigger as ‘Buy > 230’.
  • Click ‘Set’. Move mouse to ‘Buy by Market’ button in MT4. Press s on keyboard.
  • Click ‘Add’.
  • Setup trigger as ‘Sell < 130'.
  • Click ‘Set’. Move mouse to ‘Sell by Market’ button in MT4. Press s on keyboard.
  • MT4 New Order USDJPY

    4. Setup conflicts.

  • Click ‘+’ under conflicts in the trade setup window.
  • Select USD Unemployment Rate from the dropdown.
  • Enter conflict triggers as above.
  • When setup correctly, News Trader Pro should look like this.

    News Trader Pro Trade Setup Window

    5. Load News Trader Pro.

  • Click ‘Load’ prior to event release time.
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