ROE News Blaster EA V1.0 MT4: Get News Trading Automated, For Free


Missing market-defining moves around economic news can be frustrating—and costly. Manual news trading demands constant chart monitoring, quick reactions, and nerves of steel. It’s all too easy to get caught by surprise spikes or steered off course by FOMO. That’s where the ROE News Blaster EA V1.0 MT4 comes in: a completely free Expert Advisor from YoForex that automates your news-driven trades on MetaTrader 4. By scanning high-impact releases, filtering out noise, and executing predefined trade parameters, this EA takes the pressure off you—so you can focus on strategy, research, or simply enjoy your day, confident your news trades are handled.


Overview


The ROE News Blaster EA V1.0 MT4 is engineered for traders of all levels who want to harness the volatility of scheduled economic events without sticking to their screens. It taps directly into MT4’s economic calendar, identifies relevant news items, and places trades according to your risk profile and timing preferences. Whether you’re aiming to capture swift breakout moves or ride directional momentum, this EA offers a turnkey solution:



  • Platform Compatibility: MetaTrader 4

  • Primary Function: Automated news-event trading on major and minor FX pairs

  • Cost & Availability: 100% free download on ForexFactory.cc, courtesy of YoForex

  • Ideal Users: Beginners seeking simplicity and pros looking for an efficient news tool


Key Features




  • Automated News Scanner




    • Monitors 50+ global economic releases in real-time




    • Updates market impact ratings dynamically






  • Custom Impact Filter




    • Choose to trade only high-impact events or include medium-impact releases




    • Filter by currency or region






  • Volatility Stop‑Loss Protection




    • Automatically widens stop‑loss levels during extreme spikes




    • Reduces risk of premature stop-outs






  • Smart Entry & Exit Logic




    • Two‑step confirmation to avoid false breakouts




    • Options for fixed take‑profit or trailing‑stop exits






  • Risk‑First Design




    • Fixed lot sizing—no martingale, no grid




    • Adjustable risk percentage per trade






  • Multi‑Pair & Timeframe Support




    • Compatible with EURUSD, GBPUSD, USDJPY, and more




    • Optimized presets for M1–M15 but works on H1 and above






  • Built‑In Economic Calendar Panel




    • One‑click view of upcoming events right on your chart




    • Color‑coded impact levels






  • Lifetime Free Updates




    • Ongoing refinements based on user feedback




    • New features and bug fixes at no cost






 


ROE News Blaster EA V1.0 MT4


 


How It Operates


1. News Filtering



  • Pulls the next scheduled event from MT4’s internal calendar

  • Compares impact rating against your filter settings

  • Skips non‑relevant or low‑priority news


2. Volatility Assessment



  • Analyzes pre‑news price action to detect spikes, whipsaws, or consolidation

  • Suppresses signals in excessively volatile or illiquid conditions


3. Trade Entry Logic



  • Places pending orders above (for bullish bias) and below (for bearish bias) the news‑trigger candle

  • Employs a confirmation window:




    • Waits for initial post‑news momentum




    • Cancels unfilled orders after a configurable timeout






4. Exit Strategy



  • Executes fixed take‑profit (TP) or trailing stop‑loss (TSL) based on your preference

  • Option to shift SL to breakeven once partial profit is reached

  • Guards against runaway trades with maximum duration limits


Backtest Results & Live Performance


Backtesting (Jan 2018–Dec 2024)



  • Pairs Tested: EURUSD, GBPUSD, USDJPY

  • Net Gain: +42% over 1,200+ news events

  • Max Drawdown: 7%

  • Sharpe Ratio: 1.5+

  • Equity Curve: Smooth growth with minimal large swings


Live Demo (YoForex Account)



  • Monthly Avg. Return: 3–4%

  • Max Drawdown: 6%

  • Win Rate: 68% across 150+ trades

  • Transparency: Full reports accompany every update


These metrics demonstrate both robustness in backtests and consistency in live conditions. Of course, past results don’t guarantee future success, so always start on a demo before committing real capital.


 


ROE News Blaster EA V1.0 MT4


 


Installation & Setup




  1. Download the EA:





  2. Copy to MT4 Folder:




    • Place ROE_News_Blaster.ex4 into your MetaTrader 4 Experts directory.






  3. Restart MT4:




    • Close and reopen MetaTrader 4 to load the new EA.






  4. Attach to Chart:




    • Drag the EA onto any currency chart.




    • Enable “Allow DLL Imports” in the Common settings.






  5. Load Recommended Settings:




    • Click “Load” and select the provided .set file.






  6. Customize Your Parameters:




    • Lot size or risk percentage




    • Impact filter level (High/Medium)




    • TP/SL style (Fixed or Trailing)






  7. Activate AutoTrading:




    • Ensure the “AutoTrading” button on MT4 is green.




    • Confirm the EA’s smiley face appears at the top right of the chart.







Pro Tip: Keep the Navigator panel visible to swiftly load the EA onto additional charts or adjust settings.



Best Practices & Optimization Tips



  • Demo First: Always trial new settings on a demo account until you understand how the EA reacts under live conditions.

  • Start Small: Use micro‑lots or minimal risk percentages when transitioning to a live account.

  • News Schedule Awareness: Disable the EA during major unexpected events (e.g., geopolitical developments) to avoid erratic price behavior.

  • Parameter Tweaks: Experiment with entry delays, SL width, and TP levels to match your risk appetite and broker’s spread.

  • Diversify Pairs: Rotate or run multiple pairs simultaneously to smooth returns and reduce correlation risk.

  • Regular Updates: Check the ForexFactory thread for the latest .set files and feature updates from YoForex.


Why Choose ROE News Blaster EA by YoForex?



  • Trader‑Developed: Designed and refined by active traders who know news‑driven market dynamics.

  • Total Transparency: All backtest files, equity curves, and live stats are publicly shared—no hidden assumptions.

  • Zero Cost, Ever: Unlike subscription‑based tools, this EA remains free for life.

  • Continuous Improvement: Feature requests and bug reports are incorporated into regular releases.

  • Community Support: An active user base on ForexFactory and Telegram shares tips, settings, and performance logs.


Support & Disclaimer




  • Got Questions?





  • Risk Disclosure:




    • Forex and news trading carry inherent risk.




    • Past performance is not indicative of future results.




    • Always test strategies on a demo account first.




    • Use proper risk management—never risk more than you can afford.






Conclusion & Call to Action


Automating your news‑trading workflow has never been easier—or more affordable. The ROE News Blaster EA V1.0 MT4 delivers a hands‑off solution to capture volatility spikes around economic events, balancing risk controls with reliable entry logic. Best of all, it’s completely free to download and use from ForexFactory.cc. Don’t miss another big move—integrate the EA into your MT4 setup today and let the automation handle the headlines while you focus on the bigger picture.



Download now on ForexFactory.cc and start automating your news strategy—courtesy of YoForex. No subscriptions, no hidden fees, just pure news‑trading power at your fingertips.



Happy Trading!