Once you load Golden Pickaxe on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.
Golden Pickaxe news filter settings:
News Filter Enabled - on/off News Filter.
Disable Trading on Bank Holidays - enable/disable trading on bank holidays according to the real-time Economic Calendar (https://www.investing.com/). This filter is currency-specific. For example, with it, EA won't take trades on USD pairs during bank holidays in the USA. It also works in Strategy Tester.
Disable Built-in News Filter Settings - disables the built-in news filter settings, allowing you to fine-tune the news filter.
Custom Events (separated by comma, disabled if empty) - custom rules allowing you to fine-tune the news filter.
Format: Key[-Currency pair],Key[-Currency pair],.........,Key[-Currency pair]
Key – the currency of the news event or keyword in the news header. You can use multiple currencies without a separator, for example, USDAUDGBP.
If you specify a keyword, the letter case does not matter. For example, FOMC.
[-Currency pair] - optional parameter specifying which currency pair the rule applies to. For example -EURUSD.
Example: USD,AUDGBP-GBPUSD-NZDUSD,CHFEUR-EURUSD,FOMC,Rate-AUDCAD
USD, - takes into account all news events for USD on all currency pairs
AUDGBP-GBPUSD-NZDUSD, - takes into account all news events for AUD and GBP on GBPUSD and NZDUSD currency pairs
CHFEUR-EURUSD, - takes into account all news events for CHF and EUR on the EURUSD currency pair
FOMC, - takes into account news events with the word (or part of the word) FOMC in the header on all currency pairs
Rate-AUDCAD - takes into account news events with the word (or part of the word) Rate in the header on AUDCAD currency pair
Each rule must be separated by a comma. if 'Disable Built-in News Filter Settings'=false, then the custom rules are in addition to the built-in ones.Low Impact News - enable/disable news events with low impact (1 star news).
Speaks - if false, then the EA will not consider news events marked as Speeches/Speaks.
Wait Minutes Before Event - suspend trading before the news.
Wait Minutes After Event - suspend trading after the news.
Show News List - displays a list of upcoming news events to the right of the info panel.
News Filter Action - the action EA takes in case of a news event:
- Prohibit opening of the initial trade - the news filter only prohibits opening new initial trades.
- Prohibit opening of all trades - the news filter prohibits both the initial trades and the averaging ones.
- Close all open trades - the EA will close all trades before the news is released