The News Action Trader EA is an automated news trading system developed by the experienced and skilled team of computer programmers over at LeapFX. They have an extensive range of automated trading robots for retail traders and investors to purchase, including DynaScalp, Trade Explorer, Bounce Trader, AX Trader, Jet Trader Pro, The Fund Trader, Automic Trader, InstantEA, Funnel Trader 2.0, Arbitron, Easy Money X-Ray Robot, The Skilled Trader and Econ Power Trader. The News Action Trader software has been coded in MQL for the MetaTrader platforms. You can get the platform free from most forex brokers if you don’t already have it. You will need the desktop version to run forex robots such as this one. If you cannot always have the MT4 terminal running on your computer or laptop, you could take a look at a Forex VPS which can remotely run trading apps 24/7 without you needing your machine switched on. In this News Action Trader Review, we will take a look at the trading strategy it uses along with the key features and perhaps most importantly, the latest results.
- Fully automated forex robot
- Can trade on multiple currency pairs
- Customisable settings
- Dynamic trading strategy
- No backtests
- Myfxbook has not been updated in years
- MetaTrader 4 only
- Requires very specific broker conditions
LeapFX specifically designed the News Action Trader robot to trade on 6 currency pairs in the MT4/5 platforms. As the name suggests, it is based on a news trading strategy that looks for big spikes in price around news releases. It will place a buy and sell order to try and take advantage of the volatility around economic news.
Before the start of any news announcement, the implemented trading algorithm collects real-time economic information. The software looks to “sniff” out data before the announcement and immediately sets up parameters within your platform to try and take advantage of that data.
From our experience, any news trading system will need a reliable broker who has plenty of liquidity. This is because important news releases can cause even more volatility than usual along with higher spreads and increased slippage. Generally speaking, the lower the brokers spreads and slippage around news releases, the better they will probably be for using a news trading robot such as this one.
News is one of the prime factors that affect the prices, volume, and volatility of financial assets in the market. In news-based trading, traders try to take advantage of the temporary mispricing of a security in the market. This mispricing is usually due to some events or news that have not yet been factored into the price of the security. This news could be the quarterly results of a security, the economic figures released by governmental or statistical agencies, or an out of the blue merger and acquisition announcement.
A news trader is a trader or investor who makes decisions based on the content and timing of news announcements. Traders who follow the maxim ‘buy the rumour, sell the news’ will open a position on speculation ahead of a news announcement that could affect an asset’s price.
‘Buy the rumour, sell the news’ promotes the idea of capitalising on market movements by opening a position on a rumour, in anticipation of an announcement that could cause a shift in the markets. The trader will then usually close their position once the news has broken.
News traders typically base the majority of their trading decisions on news announcements such as breaking news, economic reports and company declarations that could affect an asset’s value. This is because the financial markets usually react to news announcements.
Now that we have an idea of the News Action Trader EA strategy, we can take a look at some of the key features.
Automated News Trading
The News Action Trader robot utilizes real-time economic information from a reliable news source and automatically opens, manages, and closes trades for you – completely on auto pilot. If you prefer to maintain control over your trading activity, then you can set it to semi-automated mode and it will send you news trading signals via SMS, email and platform notifications. The problem with this is that news trading requires fast action so you might not be quick enough to react manually.
Dynamic Trading Strategy
The News Action Trader software has a unique strategy that accounts for the spreads and slippage of trades and will dynamically adapt the trade targets and stop loss based on both variables to help try and ensure that trades are protected according to the input parameters. In some cases, it can and will simply cancel out trades if it deems that the current market and broker conditions are absolutely unsuitable. The News Action Trader EA has safeguards in place to try and protect from getting whipsawed in and out of the market.
News Action Trader is very specific with interpreting data and timing trades in order to try and make sure that any trades are triggered by news at the right moment, and closed at the right time to help avoid major losses. Of course, any trading system carries risk so make sure you are aware of this before starting with any manual or automated trading system.
For as long as you own a copy of the News Action Trader EA, you will receive lifetime updates whenever the developers discover any improvements to the software.
The software includes optimised settings that the developer has tested so that it can be used straight out of the box. However, you should check that the level of risk is suitable and adjust it according to your own individual risk tolerance level as each trader is different.
When choosing a trading robot, one of the most important things to do is to check the latest results and see how it has been performing historically. Whilst this is no guarantee of future performance, it can help to give us a rough idea of the trading system being used.
News Action Trader Myfxbook
The LeapFX team have shared a real trading account running the News Action Trader that has been verified by Myfxbook. Unfortunately, these results haven’t been updated for a while. None the less, you can see the results below and click the graph for more detailed statistics. It would be great if the developer could get the account updated so that we can see the most recent performance of the EA.
News Action Trader Backtesting
We don’t have any News Action Trader backtests to get an idea of historical performance based on testing in the MetaTrader strategy tester. However, that may be due to it not actually being possible to backtest this news trading robot.
Whilst we certainly see the potential with a news trading robot such as this one, we would like to see more verified results. It is also worth considering the significant impact that brokers can have on news trading strategies. As news trading tends to try and execute trade positions in some of the most volatile markets, we believe that it will need a broker with perfect conditions such as tight spreads, low fees and rapid execution speeds. You may take a look at our trading robot ratings for alternative options.
News Action Trader is an automated news trading robot that trades in the MT4/5 platforms. There is a verified account but it has not been updated and we don’t have any backtests to see historical results.
What is the News Action Trader price?
There are 2 purchase options for the EA. The 2 monthly payment plan costs $247 per month whereas the onetime payment option is $397. Both options include the News Action Trader and News Feed Software, lifetime license, lifetime updates, lifetime support, 6 currency pair support, best trade settings and 30-day money back guarantee.
Where can I download the News Action Trader?
You can download the News Action Trader from the official website here.
What kind of customer support does News Action Trader offer?
LeapFX can provide users with support via Skype, Telegram and email.
What are the best brokers to use with the News Action Trader?
You can use any MetaTrader 4/5 broker to run the News Action Trader EA.
What’s the minimum amount required to trade with the News Action Trader?
There is no specified minimum amount required to start using this news trading software. You should only use what you feel comfortable with and can afford to lose.
What is the News Action Trader refund policy?
The product comes with a 30-day money back guarantee if you are unhappy with it for any reason.
Is the News Action Trader a scam?
We don’t believe that the News Action Trader is a scam but that does not mean it will produce good results. No matter how good any news trading robot is, none can predict the future.
Can I get the News Action Trader for free?
You probably could spend countless hours looking for a free version of the News Action Trader being shared but it is likely to be out of date, unsupported and potentially dangerous.
What currency pairs does the News Action Trader trade?
News Action Trader has been programmed to trade on 6 currency pairs which are the following: AUD/JPY, AUD/USD, NZD/USD, XAU/USD, GBP/USD, USD/CAD.
What are the best News Action Trader settings?
The best settings for the News Action Trader are those provided by the developer. Nobody will know the robot more than the person who created it. They would have spent countless hours over many years optimising the settings so that you don’t have to. That being said, you should make sure that you adjust the position size to a suitable level and check all of the settings carefully.
Can I change the News Action Trader settings?
If you have the knowledge and experience, you are free to experiment with your own robot settings, this includes the lot size, stop loss, take profit, and more. You may wish to test your settings on a demo account to begin with. You could also backtest the robot in the MetaTrader strategy tester with your own combination of settings to get a rough idea of historical performance.
What do I need to run the News Action Trader?
You will need either the MetaTrader 4 or MetaTrader 5 desktop platforms and an account with a forex broker. Most forex brokers will let you open a free demo account or a real account with a small deposit and provide the MetaTrader platforms free of charge.
How much money can I make with the News Action Trader?
There are absolutely no guarantees on how good or bad any trading robot will perform. Due to the unpredictable nature of the financial markets, nobody can predict what will happen in the future. You should make sure that you understand all of the risks involved using any automated news trading system such as the News Action Trader expert advisor.
Results are based on historical data. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. There is no guarantee of future performance. You should understand the risks involved with trading. Your capital is at risk.