1. Software Download, Login and Connecting
Once you have register on the web site, News Trader Pro can be downloaded from the Members Area.
Once downloaded and installed, use the details you used when registering to login. Then connect News Trader Pro via File -> Connect.
Once connected, News Trader Pro will display the number of available events found.
2. Selecting Events
After connecting, the events box will become active. This shows a list of the events available to trade over the next 20 hours in the following format (local computer time):
Time Currency Event Period
13:30 USD Nonfarm Payrolls (Jul)
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 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. Trigger Manager
After setting up the trade in your trading platform, the next step is to setup the triggers in News Trader Pro, this is done via Trigger Manager.
Trigger Manager can be accessed via Tools -> Trigger Manager in News Trader Pro.
To setup a trigger:
To test trigger click locations:
To delete a trigger:
To manually edit the click location of a trigger prior to adding:
Trigger Manager can be closed or kept open. Triggers are saved as soon as they are added. Closing the window will not delete the triggers.
When using multiple trigger levels, the main window buy and sell boxes will show the inside triggers (the first triggers that will execute), as shown in this example.
5. Conflict Manager
Conflict Manager is used when two events are released at the same time and have the potential to conflict with each other. Conflict Manager prevents a trade from being triggered if two or more events trigger opposing signals.
Conflict Manager can be accessed via Tools -> Conflict Manager in News Trader Pro.
To add a conflict:
To delete a conflict:
6. Loading and Trading
Once all of the previous steps have been completed, News Trader Pro is now ready to load.
We recommend loading 30 – 60 seconds prior to 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 (Jul)
Trigger for this event are shown below:
Buy > 232
Sell < 154
Conflict: USD Unemployment Rate
Buy < 3.9
Sell > 3.9
1. Log In and Connect News Trader Pro
2. Setup conflicts (We setup conflicts before setting up the main event).
3. Select USD Nonfarm Payrolls.
When setup correctly, News Trader Pro should look like this.
4. Setup trade in MT4.
5. Setup triggers.
6. Load News Trader Pro.