In this post I will be reviewing the Auto News Trader forex robot. As the name suggests, this is a fully automated forex trading robot that will place trades around news releases. It runs on the popular and freely available MetaTrader 4 trading platform. Trading news is a forex trading strategy that has been around forever although you have to give careful consideration to things that occur during and around forex news releases such as increased spreads and delayed execution – referred to in the trading industry as slippage. These factor aside, the Auto News Trader forex robot has produced some quite impressive fully verified trading results with accounts showing very large gains in the mid-long term. Unfortunately, the results have not been updated in a while but whilst the accounts were being published the Auto News Trader forex robot was gaining around 10% per month which is great considering you could have achieved these results without lifting a finger other than during the 5-minute setup. The win rate is fanastic also, around 90% although despite frequent news releases there are not lots of trades each day but then again, over trading is not a good thing – better to take high probability trades than forcing trades that arent there (discipline!). Make sure you check my best forex robots results page for the latest results.
Auto News Trader Trading Strategy
If the name wasn’t a big enough clue, the Auto News Trader is a forex robot that looks to take advantage and thus profit from forex news releases. Trading the news is a well-known strategy and having a forex robot do it for you can be beneficial as many aspiring traders do not have the discipline to trade the news due to the fast market movements and focus needed to get it right. It is actually quite rare these days to find a forex robot such as the Auto News Trader that solely focuses on news trading so it is refreshing. Just please make sure you use a good forex broker and ECN account so that you get the best possible spreads and execution especially around news releases which can cause widening of spreads and extra slippage, some brokers will know the power of trading around the news so will increase spreads/slippage to prevent traders from taking advantage. Thankfully, the Auto News Trader forex robot has some features in place to try to limit the impact of this. The Auto News Trader grabs a good amount of pips when it trades which is expected considering how much the market moves around news. It also has a good amount of trades on multiple currency pairs. With forex news releases happening multiple times every day there is ample opportunity to trade. Just do yourself a favour and avoid nonfarm payroll (NFP) days which are the first Friday of every month – simply because the news movement are WILD and will catch many traders out.
Auto News Trader Back Testing
There are no back tests on the Auto News Trader official website which is understandable considering it is not realistically possible to back test news releases due to the exceptional market conditions when they are released and it would require a huge amount of news data to be processed. However, we can allow for this because the Auto News Trader developer has provided multiple fully verified real accounts and even investor access for you to login to the account trading Auto News Trader for yourself and thus allow you to analyse its performance in further detail whilst validating the results for yourself.
Auto News Trader Live Results
To see the latest live verified trading account performance of all forex robots please visit my best forex robots results page.
Auto News Trader Summary
Overall, the idea behind the Auto New Trader is not a new idea but when done correctly it can be one of the most efficient and profitable ways of trading as we can see from some of the verified results shown on the Auto News Trader website. I must again emphasise the impact on spreads/slippage that news releases can have so therefore make sure your broker is suitable as most reputable ECN forex brokers will be. There are features built in to avoid spreads and slippage that are unsuitable and you can always run the Auto News Trader on a demo account to begin with just bare in mind the brokers server on a demo account will be different from a real live account and therefore the liquidity which effects slippage will differ. Full instructions are included for a quick and easy setup as is full support, free updates, multiple licenses and a money back guarantee.