News-Time Two-Sided Pending-Order Grid Expert Advisor

Summary

The document describes an Expert Advisor that places pending orders in both directions shortly before a scheduled economic release. If an order activates, the system trails its stop loss; after the release window, it removes pending orders that did not trigger. Parameters let the operator set the release time, order count and spacing, distance from the current price, trailing-stop distance, take-profit level, trailing tolerance, order identifier, and lot size.

This is a brief description of an event-driven grid execution tool, not a complete trading methodology. It gives no guidance for choosing news events, calibrating grid distances, handling simultaneous fills, or sizing exposure across volatile releases. The text provides no backtest, live results, or risk analysis, so it does not establish whether the approach is profitable or how it behaves when prices gap or spreads widen.

Key ideas

• The Expert Advisor stages pending orders on both sides of the market before a scheduled news release.
• Triggered positions receive a trailing stop, while untriggered orders are canceled after the release window.
• Order spacing, distance, position size, take profit, and trailing behavior are configurable.
• The description supplies no performance evidence or detailed treatment of execution and volatility risks.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.