The Scouts News Indicator is a powerful tool for traders seeking to integrate real-time economic news into their trading strategies. With its clean interface and detailed customization options, this indicator ensures that users are informed of significant news events that could impact market movements. Whether you trade during major economic releases or prefer to avoid high-volatility periods, this indicator equips you with all the necessary information to stay ahead. Its ability to display news data directly on your MT4 charts simplifies the process of news-based trading, making it an indispensable tool for traders.
Scouts News Indicator Trading Signals
The Scouts News Indicator delivers real-time trading signals based on upcoming economic events. These events are categorized by their impact—low, medium, or high. The indicator not only displays detailed information about each event, such as forecasted values, previous results, and actual outcomes, but also notifies you of upcoming events with customizable alerts. This setup allows you to anticipate potential market volatility and adjust your trading strategy accordingly. Whether you’re scalping, day trading, or swing trading, the indicator provides actionable insights based on fundamental market events.
Setting
DataProvider: Choose the source of the economic data, such as Forex Factory.
Symbols: Set the currencies to track news for, separated by commas.
MinimumImpact: Define the minimum level of news impact (low, medium, high).
ShowOldNewsCount: Specify how many past news events to display on the chart.
ShowPrevForecast: Toggle the display of previous forecast data.
AutoGMT: Enable automatic GMT offset adjustment.
NewsBeforeMin: Set the number of minutes to show news alerts before events.
DEA_NewsBeforeMin: Automatically disable expert advisors a specific number of minutes before news events.
Notify_NewsBeforeMin: Configure notifications a set time before news events.
ShowTimeLines: Enable or disable vertical lines marking event times on the chart.
ShowNewsBox: Show or hide the news box with detailed event information.
Conclusion
The Scouts News Indicator offers a comprehensive solution for integrating economic news into your trading strategy. With features like customizable news impact levels, automated notifications, and detailed event data, this indicator ensures you stay informed and prepared. It is an excellent choice for traders who rely on fundamental analysis or want to avoid high-volatility periods caused by major economic events. Download the Scouts News Indicator today and elevate your trading performance with the power of real-time news data.
