# NewsTrader Strategy

Placing buy and sell stop orders before news release with predefined TP and SL.

Canonical: https://prismaticalgos.com/compendium/algo/1473-newstrader-strategy
Record ID: 1473
Catalog rank: 1890 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Trade & Execution Management (K)
Source: https://www.mql5.com/en/code/9549
Evidence label (unverified): source_code

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

Build warnings: MT4_ONLY: the captured source is MQL4 / written for MetaTrader 4. It needs porting (order functions, indicator handles) before it runs on MT5.

## Recorded profile

- symbols: any
- timeframes: M15
- sessions: any
- market_regime: any

## Indicators

No indicator stack recorded.

## Recorded long-entry rules

- orderAsk = Ask + bias * Point
- ticket2=OrderSend(Symbol(),OP_BUYSTOP,lot,orderAsk,1,orderBid-Point*sl,orderAsk+tp*Point,"NewsTrader",2,0,Green)

## Recorded short-entry rules

- orderAsk = Ask - bias * Point
- ticket=OrderSend(Symbol(),OP_SELLSTOP,lot,orderAsk+Point,1,orderAsk+Point*sl,orderBid-tp*Point,"NewsTrader",2,0,Red)

## Recorded exit rules

- not explicitly stated in the source

## Recorded filters

- Not specified.

## Risk controls

- Stop loss: orderAsk+Point*sl, orderBid-Point*sl
- Take profit: orderAsk+tp*Point, orderBid-tp*Point
- Position sizing: lot