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Hi,
Does anyone know how to set the news filter for Alpha Capital. After you pass the Assessment and are a Qualified Trader you should be careful when trading during news releases there. because Qualified Analyst are NOT allowed to execute any new trade or close an existing trade on the targeted (as per the table in link) instrument in the window of 2 minutes before until 2 minutes after the release of the below News announcements.
Is the filter on high news enough? or should i choose high and medium? and does it tick all the boxes like in the table in the link?
Thank You in advance!
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Hello, you can find explanation of all News Filter properties here.
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Thank You Marin i know the filter settings but i am wondering if it covers all the news alpha is listing to avoid mandatory
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The news filter tracks Medium and High news from the Forex Factory economic calendar.
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For now I play it safe and set high and medium enabled
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The issue you will have that the EA’s don’t cater for is you also cannot hit TP or SL during those 2 Minutes before and after.
The Experts wont place trades 2 minutes before or after but if you have a trade running and hits TP during a news spike if will be a breach.
There is an EA I use on the MQL5 store
https://www.mql5.com/en/market/product/97327?source=Site+Market+MT4+Utility+Search+Rating006%3anews
This will remove the EA a set time before the news and re-apply it after. But what’s more it will remove the SL and TP during that news period and pop them back after. If the price has shot passed TP then it will bank the extra, but the downside is if it flies past your SL you have a bigger loss.
So it does have another option to just close all trades before the news whether in Profit or Loss.
Some props have no news trading rule but still allow set TP and SL to activate (CK Capital are one – New Firm)
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