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NewsAutoTrader 2.6 by Xangi SoftwareDownload

Editor's rating  
Users' rating   (1 votes) Rate it!
License Shareware / $230
Downloads 455
Publisher
File size 1.6 MB
Date added 4-Dec-2015
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Editor's review:

This is a software that helps generate trading signals in Forex and Futures by analyzing news headlines.

NewsAutoTrader (NAT) is a Forex news spike trading tool. It will generate trading signals based on analysis of news headlines. The headlines could be related to several economic indicators that have impacts on the market. The indicators used include news about US Non farm Payrolls, (US/UK) GDP, CPI, Retail Sales, and other news releases that impact the Forex market. These trade indicators would also be useful for other trading on the stock exchanges such as futures. Meta Trader 4 terminals could be used as news sources. The trial version allows up to 3 sources, the full software can use a unlimited numbers of such sources. Custom programmed sources could be used through three different APIs provided with the tool. This is available only for the full version.

The news coverage is extensive, they cover most of the tradable US, UK and Canada economic indicators. While the trade logic and triggers are built in, they can be customized to suit your expertise and liking. Visual buy/sell signals makes trading decisions that much easier. You can specify Buy/Sell button coordinates manually or use automatic detection method. 2 levels of buy/sell signals and up to 3 mouse clicks for each signal are available. Script editor available with the tool lest you create Perl compatible regular expressions and to create your own news scripts in Object Oriented scripting language. The success rate of such a tool is difficult to determine. However this appears to be a good tool. Actual results can vary depending on a large number of issues in the market.


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