The News API in MetaTrader MT5 is a very important API that enables traders to analyze news events and trade accordingly. The high-impact news events cause significant price disruptions and sudden changes that shape the chart into unfavorable direction. If you want to protect your Trades from high-impact news events, read this blog in detail.
Follow the below steps to add News API:
Step 1: Open MT5 and Go to Tools
Step 2: Select Options
Step 3: Select Expert Advisors
Step 5: Enable the following fields
Check “Allow algorithmic Trading”
Check “Allow DLL imports”
Check “Allow WebRequest for Listed URL”
Step 5: Add the following News API in MetaTrader MT5 to the list of URLs and then click OK
Step 6: Drag your MT5 EA on the chart and adjust the Inputs as per your requirements.
Press OK to install the MT5 EA and it will show you a message in the Experts tab of Navigator.
News: updated successfully!
- The News Filter does not work during backtesting MT5.
- The News Filter only works when the market is running and you have an internet connection.
- The News Filter fetches data from https://forexfactory.com/calendar
- The News Filter works on Demo and Real both accounts.
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