News Scalper
OCO Breakout Trading
A two-sided pending-order system with initial Stop Loss, trailing protection and automatic cycle restart.
Store Short Description
News Scalper places an OCO breakout pair with Stop Loss, trailing protection and automatic cycle restart.
Product Overview
News Scalper is an automated breakout trading system created for periods of rapid market movement around high-impact economic announcements. It places one Buy Stop above the current Ask price and one Sell Stop below the current Bid price. When one side becomes an active position, the remaining opposite pending order is cancelled.
Every new order includes an initial Stop Loss. When the active position reaches the configured profit distance, trailing management begins. After the active position closes and no pending order remains, News Scalper automatically creates a fresh two-sided cycle.
Core Features
- Breakout setup: Two-sided Buy Stop and Sell Stop
- OCO-style cancellation: Removes opposite order after one side triggers
- Configurable fixed lot size
- Adjustable entry distance: Configurable in pips
- Initial Stop Loss: On both pending orders
- Trailing Stop Loss: Optional trailing start, distance and step
- Automatic cycle restart: Restarts after trade closure
- Magic Number filtering: With on-chart status display
Configuration & Details
| Strategy type | News-event breakout / OCO pending orders |
|---|---|
| Target symbol | XAUUSD; other symbols require separate testing |
| Use case | Manual activation around selected high-impact events |
| Account mode | Hedging recommended; fast execution conditions required |
| Take Profit | Not used; exit is managed by Stop Loss and optional trailing |
How It Works
1. Place two pending orders
A Buy Stop is placed above market price and a Sell Stop is placed below.
2. Wait for the breakout
The pending distance is configured in pips and automatically adjusted.
3. Activate one direction
The first triggered pending order becomes the active position.
4. Cancel the opposite side
The system immediately attempts to remove the remaining pending order.
5. Protect & Trail
A fixed Stop Loss is attached and trailing begins after reaching profit distance.
6. Restart the cycle
After the trade closes, a fresh Buy Stop and Sell Stop pair is created.
Important Limitations & Risk
MANUAL TIMING REQUIRED: News Scalper does not read an economic calendar and does not automatically detect or schedule news events. The user must choose the event and start or stop the system at the intended time. Trading involves risk. News trading can involve extreme spread expansion, slippage, price gaps, delayed execution and rapid losses.