Forex News Trading Bot

A forex news trading bot that monitors the economic calendar, places pre-news straddle orders or reacts to post-news spikes — specifically designed for high-volatility event trading.

News Calendar:

• Integrated economic calendar (ForexFactory, Investing.com)
• Filters by impact level: high, medium, low
• Supports: NFP, CPI, FOMC, ECB, BOE, BOJ, GDP, Retail Sales
• Custom event list for non-standard events
• Time zone aware with countdown to release

Strategies:

• Straddle — places buy stop and sell stop above/below current price before announcement, captures the spike direction
• Spike & Fade — waits for initial spike, then fades the overreaction
• Deviation — compares actual vs. forecast, trades based on surprise magnitude
• Breakout — trades the range breakout formed during pre-news consolidation
• Custom strategy builder with event-specific parameters

Execution:

• MT4 and MT5 via Expert Advisor
• Sub-second order execution on data release
• Auto-cancel opposite side of straddle after fill
• Spread filter — skip if spread is too wide during news
• Slippage protection with max deviation setting

Risk Management:

• Fixed risk per event (% of equity)
• Maximum daily event trades
• Auto-close all positions X minutes after event
• Stop-loss always attached (configurable distance)
• Correlation filter — don't trade USD events on 3 USD pairs simultaneously

Analytics:

• Historical event performance (how each event type performed)
• Speed of spike analysis
• Slippage tracking per broker
• Strategy comparison per event type
• Exportable trade log

Tech Stack:

• Python 3.11+ for news monitoring
• MQL4/MQL5 Expert Advisor for execution
• ZeroMQ bridge
• SQLite for history
• React dashboard
• Docker deployment