Forex news trading is a popular trading strategy that involves taking advantage of market volatility resulting from major news releases. News releases can have a significant impact on the foreign exchange market, causing rapid price movements that present traders with lucrative trading opportunities.

In forex news trading, traders use economic news releases, such as employment data, GDP, interest rate announcements, and other key economic indicators, as a trigger for their trades. The idea is to enter the market as soon as possible after the release of the news to take advantage of the market volatility and profit from the price movement.

The ability to react quickly is crucial in news trading. Therefore, we are developing a trading bot that can automate the process of news trading.Following each trade, we are recording the data from the corresponding news event. We are then utilizing this data in future trades to fine-tune the bot. As a result, the bot will progressively improve its accuracy over time.

Course content -

Basics of Python

Data Analysis with Pandas Library in Python

Basics of Forex

Connecting MetaTrader with Python and Building the Functions of the Trading Bot

Assembling the Trading Bot

Live News Trading – Example 1

Live News Trading – Example 2

Live News Trading – Example 3

Basics of Python

This section is for absolute beginners in python. We are discussing about following topics.

Installing Python and Setting up IDE

Print Function and F Strings

Variables and Basic Data Types in Python

Operators in Python

Python Functions

Global and Local Variables in Python

Working with Lists

Working with Dictionaries

If Else Statements in Python

While Loops, Break and Continue Statements

For Loops

Classes and Objects in Python

Data Analysis with Pandas Library in Python

Pandas is a Python library created for data analysis. We are using this library to do essential forex calculations.

We are discussing about,

Pandas Series

Pandas Data Frames

Selecting Specific Rows and Columns in a Dataframe

Selecting Rows in a Data Frame by Conditions

Iterating Colums in a Dataframe

Basics of Forex

We will discuss terminology in forex and do essential calculations.

Installing MetaTrader and Setting Up a Correct Broker Account

Types of Currency Pairs in Forex

Bid, Ask and Spread

Lots, Pips , Leverage and Margin

Essential Calculations

Types of Orders in Forex

Connecting MetaTrader with Python and Building the Functions of Trading Bot

Placing Buy Stop and Sell Stop Orders Automatically

Building Trailing Stop loss and Take Profit

Assembling the Trading Bot

We Will Put All the Functions Together and Assemble the Trading Bot

Live Trading

Configuring Economic Calendar and Selecting Suitable News Events for Trading

Selecting Suitable Currency Pairs

Adjusting the Settings of the Bot According to the Past News Data

Live Trading the News Event

Updating the News Data After Each Trade

In this course, you'll discover techniques that are practical and unique. You won't find these techniques anywhere else, as they are based on my own experiences. By the end of the course, you'll have the ability to enhance these techniques and create even more powerful trading bots. Additionally, you'll receive 24/7 support. If you have any questions, simply post them in the Q&A section, and we'll respond within 24 hours.