NewStorm is designed to trade news based on a trading strategy that incorporates several advanced features such as ATR‐based grid spacing, dynamic lot allocation, smart drawdown reduction, trailing stops, and news-triggered trade initiation. This EA can operate in multiple modes and provides an on-chart panel for manual control and real-time information.
NewStorm is designed mainly to trade after news events, it has a proven record of more than 2 years now, with the up and downs of grid trading systems, but with an overall great profit. It is unique as it provides the following features:
News Trigger Mode: In news-trigger mode, the EA monitors an external news calendar and initiates trades based on high-impact news events for a specified currency. It also allows you to filter news events by specific keywords.
Trading Time Window: You can restrict trading to specific hours of the day by configuring a trading window.Trailing Profit (Trailing Stop): The EA can activate a trailing stop to protect profits once the price moves favorably by a predefined number of points.
Grid Basket Trading: The EA manages groups of trades (referred to as “baskets”) in both buy and sell directions. Each basket follows a grid strategy by opening additional trades at preset intervals (grid distance).
ATR-Based Adaptive Grid: When enabled, the EA adjusts the grid distance dynamically based on market volatility using the Average True Range (ATR) indicator.
Dynamic Allocation: This feature allows the EA to modify the lot size and grid distance after a specified number of trades to better adapt to changing market conditions.
Smart Drawdown Reduction: To help mitigate risk, the EA features a drawdown reduction mechanism that becomes active after a set number of trades and under specific profit conditions.
Manual Control Panel: An on-chart panel (if enabled) lets you manually trigger buy/sell trades or close positions, in addition to displaying current profit and basket counts.