Oh then it renders the news function useless for PropFirms. PropFirms rules for non-swing accounts ask to not open and close trades around news mostly +-5 minutes.
Here’s the improvements on the PropFirmRobotsApp that would need to be made before being usable:
– In Custom Challenge Options add news priority, before medium news time, after high news filter, max spread, max open positions, news record to show. Because when you add multiple EA’s it becomes tedious to change them all manually one by one
– Risk, max loss, max daily loss and profit target should be the values that we set not a guess of a margin. We can set the margin ourselves
– The default value for medium news time should be 30 minutes and high news 60 minutes because even if the prop firms rules are between 2 and 5 minutes generally it can have a lot of volatility before and after.
– The news currencies should be by default only the ones that are related to the pair. For example EURUSD would be EUR and USD only. XAUUSD would be USD only and so on.
– The news priority should close ALL related pairs to the news in addition of preventing of new trades of being open. For example a USD news should close all pairs that have USD in for example XAUUSD and JPYUSD and so on.
Optional or in the future but would be great:
– Add entry delay parameter to have more unique strategies
– The randomize settings built-in in the EA so each new trades have a unique setting
– Add an equity protector Max Daily Loss balance, Max Daily Loss equity and Mac Daily Loss highest value are the most used by PropFirms. (We can use a protector EA in the meantime)
– Add a trading time setting (We can use a protector EA in the meantime or close trades manually but not ideal)
After all these improvements I would be able to use the PropFirmRobotsApp on my ProFirm challenges.
I’m looking forward to it.
Keep up the good work!