FFC - Forex Factory Calendar Indicator For MT4 (WITH INDICATOR DOWNLOAD) (2024)

Table Of Contents:

1. TheFFC - Forex Factory Calendar Indicator For MT4
2. Configuring theFFC - Forex Factory Calendar Indicator
3. Using TheFFC - Forex Factory Calendar IndicatorFor MT4 With An EA

ThisFFC - Forex Factory Calendar Indicator For MT4 is the improved version of the old news indicator FFCal.

And it's probably the only version of the FFCindicator on the internet that really works, because I have replaced the old forexfactory URL (which no longer works) with the new and correct URL.

So please download this nicely working version of the FFC - Forex Factory Calendar Indicator For MT4 and enjoy it during your trading:

You can use this indicator to your advantage if you trade manually and if you trade with a robot (expert advisor).

If you trade manually then you will enjoy the listing of the next 5 economic events on your charts. You will get warned hours before economic events occur and you can then take action accordingly like closing your position before the news get released. Or maybe you want to wait until the economic event is over before you open a new position.

With theFFC - Forex Factory Calendar IndicatorFor MT4 you will no longer be surprised by news based price spikes because you will know in advance when the news is released.

If you trade with a robot then you can use theFFC - Forex Factory Calendar IndicatorFor MT4 too. You can call the indicator from the expert advisor and read the values of the indicator. This gives you the same possibilities as with your manual trading. You can program your robot to close positions e.g. before high impact news events and you can tell your robot that he is not allowed to open new trades during e.g. the first hour after a news event.

These application possibilities of theFFC - Forex Factory Calendar IndicatorFor MT4 make it a valuable trading buddy for every short term trader who can be highly influenced by news.

I will now show you some important configuration possibilities of the indicator to improve your manual trading. Later I will show how the indicator can be used by a robot.

Configuring theFFC - Forex Factory Calendar Indicator

Please note that there low, medium and high impact economic events.But from my experience only the high impact news can really shake the market.

Therefore, theFFC - Forex Factory Calendar IndicatorFor MT4 has, in my opinion, the wrong default configuration. The default configurationshows all news events (low, medium and high impact). Because there are a lot of events during each trading week it can be very distracting to see the low and medium news which have little to no effect on the price moves.

I suggest to configure theFFC - Forex Factory Calendar IndicatorFor MT4 as shown in the following screenshot:

Low and medium impact news are then disabled and will not be shown in the list on the panel and they will not be shown as vertical lines on the chart. With this setting you can focus on the news that have the potential to really move the markets.

The following screenshot shows the chart after you configure theFFC - Forex Factory Calendar IndicatorFor MT4 to only show high impact news:

A further good configuration possibility is to remove the panel from the chart. The panel takes a lot of space to display the information.

You can remove the panel from the chart if you configure theFFC - Forex Factory Calendar IndicatorFor MT4 as shown in the following screenshot:

The chart will now look much cleaner. Only the vertical lines remain on the chart:

TheFFC - Forex Factory Calendar IndicatorFor MT4 has much more configuration possibilities. I only wanted to show the in my opinion most important configurations to make your trading easier and hopefully more profitable.

Using TheFFC - Forex Factory Calendar IndicatorFor MT4 With An EA

You can use theFFC - Forex Factory Calendar Indicator within an expert advisor or even within another indicator. But in my opinion the bestuse case is to use it in an expert advisor to close trades before the news or only allow new trades e.g. 1 hour after the last news.

An expert advisor can simply call theFFC - Forex Factory Calendar IndicatorFor MT4 as any other custom indicator with the function iCustom().

To close a trade 1 hour before the next high impact news occur you can use the following code:

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int minutesToNextNews = (int)iCustom(NULL,0,"FFC",0,0);

}

}

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