Build an Automated Trading Bot to Capture the Volatility of News Events-with Semi Intelligent Take Profit and Stop Loss
This course includes:
- 2.5 hours on-demand video
- 10 downloadable resources
- Access on mobile and TV
- Full lifetime access
- Certificate of completion
What you'll learn
- Instaling Pyhon and Setting up the IDE (PyCharm)
- Learn the Fundamentals of Python (Variables and Data Types, Operators, For Loops, While Loops, Objects and Classes etc )
- Data Analysis With Pandas Library in Python
- Foundation Forex Knowladge For Beginners ( Learn Types of Currency Pairs , Lots, Pips, Leverage, Margin, 6 Types of Order Types , Basic Calculations )
- Connecting MetaTrader with Python Using MetaTrader5 Library and Placing Different Types of Orders
- Calculating Profit, Margin,Volume ect with Python
- Building Semi Intelligent Take profit and Stop loss which adapt automaticaly according to news event and volatility
- Introduction to News Trading and Economic calander
- Live trade news with python and building a datasheet with news data
- Trading High Volatile News Events Like ADP Non-Farm Employment Change, Unemployment Claims, Non-Farm Payroll etc
Description
Forex news trading is a highly effective strategy that capitalizes on the market volatility triggered by major news releases. These events can significantly influence the foreign exchange market, causing rapid price shifts and providing traders with profitable opportunities.
In forex news trading, traders utilize economic news releases, such as employment data, GDP, interest rate announcements, and other key economic indicators, to initiate their trades. The goal is to enter the market promptly after the news release to leverage the ensuing market volatility and benefit from price movements.
Speed is essential in news trading, so we are developing a trading bot to automate the news trading process. After each trade, we record data from the corresponding news event. This data is then used to refine the bot for future trades, gradually enhancing 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 designed for absolute beginners in Python, covering topics such as:
- 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 powerful Python library for data analysis, which we will use for essential forex calculations, covering:
- Pandas Series
- Pandas Data Frames
- Selecting Specific Rows and Columns in a Dataframe
- Selecting Rows in a Data Frame by Conditions
- Iterating Columns in a Dataframe
Basics of Forex
We will cover essential forex terminology and calculations, including:
- 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 the Trading Bot
This section includes:
- Placing Buy Stop and Sell Stop Orders Automatically
- Building Trailing Stop loss and Take Profit
- Assembling the Trading Bot
- We will integrate all functions and assemble the trading bot.
Live Trading
Learn about:
- Configuring Economic Calendar and Selecting Suitable News Events for Trading
- Selecting Suitable Currency Pairs
- Adjusting the Settings of the Bot According to Past News Data
- Live Trading the News Event
- Updating the News Data After Each Trade
In this course, you'll discover unique and practical techniques that stem from personal experience. By the end, you'll be able to enhance these techniques to create even more powerful trading bots. Additionally, you'll receive 24/7 support—post any questions in the Q&A section, and we'll respond within 24 hours.
Who this course is for:
- Those Who are Interested in Forex Trading and want to Automate Trading
- For Scalpers and Day Traders
- Anybody expecting to learn Profitable Forex Strategies
- Those Who are Interested in Python and Data Science
- Those Who want to Master Forex news Trading
Also See : Forex Trading Mastery: Strategies, Analysis, and Platforms
