EA LABMT5 Robot Lab
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News EARobotFX
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Related Products
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About
EA LAB (also known as MT5 Robot Lab) develops configurable Expert Advisors (EAs) for MetaTrader 5. Its robot library covers multiple rule-based trading approaches, with product pages describing strategy logic, entry and exit rules, filters, risk controls, configuration inputs, installation, licensing and product-specific limitations. Users can install an EA in MT5, adjust its settings, run historical tests in the MT5 Strategy Tester and review example reports before evaluating a configuration on demo. EA LAB also provides educational material about trading strategies, backtesting, optimization and risk. Features, release readiness, documentation and pricing differ by robot. EA LAB provides software and educational information; it does not manage trading accounts or promise returns. Trading involves risk, including loss of capital, and historical results do not guarantee future performance.
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About
This Metatrader News trading expert advisor that can trade the forex news using a one-cancels-others (OCO) approach, and trail the price of the winning trades.
News (oco) main functions:
Places a defined number of opposite pending orders below (short) and above (long) the price, just before the news release.
Deletes the opposite orders as soon as the price hits a pending order (oco means one cancels others).
Places stop-loss, take-profit, trail, break-even etc.
The News expert advisor was designed to trade news events in an OCO approach. OCO stands for one cancels other and refers to the EA’s ability to close a pending order (or more) once the price triggers an opposite pending order. This is an important feature in news trading.
Traders trading the news usually place two pending orders right before an important news event - that is the most known and profitable way to trade forex news - a buy-stop and a sell-stop.
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Platforms Supported
Windows
Supported
Mac
Not Supported
Linux
Not Supported
Cloud
Not Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Not Supported
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Platforms Supported
Windows
Supported
Mac
Supported
Linux
Supported
Cloud
Not Supported
On-Premises
Not Supported
iPhone
Not Supported
iPad
Not Supported
Android
Not Supported
Chromebook
Supported
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Audience
MetaTrader 5 users researching rule-based Expert Advisors, configurable automated trading strategies and independent backtesting.
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Audience
Forex traders
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Support
Phone Support
Not Supported
24/7 Live Support
Not Supported
Online
Supported
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Support
Phone Support
Supported
24/7 Live Support
Supported
Online
Supported
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API
Offers API
Supported
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API
Offers API
Not Supported
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Screenshots and Videos |
Screenshots and VideosNo images available
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Pricing
€0
Free MT5 robots are available, and paid robots are priced individually. The Annual Library Pass costs €395.00 for 12 months of access. TradingView and cTrader adaptations cost €24.95 per robot per platform.
Free Version
Supported
Free Trial
Not Supported
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Pricing
$49
Free Version
Supported
Free Trial
Supported
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Reviews/
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Reviews/
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Training
Documentation
Supported
Webinars
Not Supported
Live Online
Not Supported
In Person
Not Supported
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Training
Documentation
Supported
Webinars
Not Supported
Live Online
Not Supported
In Person
Not Supported
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Company InformationMT5 Robot Lab
Poland
ea-lab.dev/
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Company InformationRobotFX
Founded: 2006
www.robotfx.org/p/news.html
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