PSI SQUARE • case study • algorithmic trading

MT5 Trading Panel with Forex Factory News Filter & Drawdown Protection

A full MT5 trading automation system integrating real-time Forex Factory news data, configurable drawdown protection, trailing stop with breakeven automation, and an on-chart control panel with manual override — designed to avoid high-impact news events without any manual monitoring.

MT5MQL5News FilterForex FactoryDrawdown Protection
THE CHALLENGE

The challenge

Automated MT5 systems have no native awareness of scheduled high-impact news events — leaving positions open and new entries firing during the most unpredictable market conditions. Manual pausing requires constant monitoring and interrupts fully automated operation.

Key Project Constraints & Requirements

Real-Time Economic Calendar Ingestion

Automated retrieval and parsing of live Forex Factory economic events without external DLL dependencies.

Pre/Post-News Auto Execution Guards

Configurable pause windows before and after high-impact releases (NFP, CPI, FOMC, Rate Decisions).

Global Drawdown & Equity Hard-Stop

Enforces account-level maximum daily loss and trailing drawdown thresholds with emergency auto-flattening.

Automated Trailing Stop & Breakeven

Dynamic trailing stop logic supporting single orders and multi-order basket trailing across active positions.

Interactive On-Chart Control Panel

Moveable GUI with instant quick-action controls for manual override, bulk closing, and algo toggling.

THE SOLUTION

The solution

A full MT5 trading panel and automation system integrating a real-time Forex Factory news filter that displays upcoming high-impact events directly on the chart and automatically pauses algo trading during configurable pre/post-news windows. Configurable stop loss activation, maximum drawdown protection, trailing stop with breakeven automation, and MA filters enforce risk rules during normal conditions. The on-chart control panel provides quick-action buttons for TP management, bulk close, and instant algo disable — with full manual override capability.

News Data Feed

Forex Factory Calendar Pipeline

Parses economic event data via asynchronous HTTP requests, caching high-impact releases locally for zero-latency lookups.

Execution Filter

Dynamic News Filter Guard

Plots upcoming event countdowns and impact badges on-chart, automatically halting algo execution during configured news buffers.

Risk Management

Drawdown & Trailing Stop Core

Monitors real-time equity drawdown, activates breakeven buffers, and enforces hard risk cutoffs across open tickets.

Interactive Panel

Moveable On-Chart Control GUI

Custom MQL5 canvas providing instant manual override, quick TP/SL adjustment, bulk position closing, and one-click algo pause.

THE ARCHITECTURE

Technical architecture

A breakdown of the live news ingestion architecture, event filter logic, and drawdown controls engineered for this MT5 deployment.

Platform
MetaTrader 5 (MT5)
Language
MQL5
News source
Forex Factory real-time integration
News display
High-impact events plotted directly on chart
Auto-pause
Configurable pre/post-news trading window
Risk controls
Max drawdown, configurable SL, trailing stop, breakeven
Filters
Moving Average filter, session controls
Panel
On-chart control with manual override buttons
VERIFIED OUTCOME

Verified outcome

Risk mitigation benchmarks and operational reliability validated across live market conditions.

Automatic
News protection
High-impact news avoided without manual monitoring
Live news
On-chart visualization
Forex Factory events displayed directly on chart
Full override
Operator control
Instant manual control from on-chart panel

Automated Event Protection & Full Operator Oversight

High-impact news events are avoided automatically based on live Forex Factory data — with no manual monitoring required. Drawdown and trailing stop automation enforce risk rules consistently, while the on-chart panel provides instant override capability at all times.

GET IN TOUCH

Ready to build your MT5 system?

Whether you need real-time Forex Factory news integration, advanced drawdown guards, or custom on-chart trading panels for MetaTrader 5 — tell us what you're building. We'll scope it, design it and deliver it to production standard.

Or email info@psi-square.net · Phone +44 (0) 20 3872 7195 · We reply within 24 hours · NDA available on request