{"id":4814,"date":"2020-07-02T18:11:36","date_gmt":"2020-07-02T15:11:36","guid":{"rendered":"https:\/\/roboforex.com\/blog\/?p=4814"},"modified":"2026-05-26T10:52:59","modified_gmt":"2026-05-26T07:52:59","slug":"using-ffcal-news-indicator-in-trading","status":"publish","type":"post","link":"https:\/\/roboforex.com\/blog\/2020\/07\/02\/using-ffcal-news-indicator-in-trading\/","title":{"rendered":"Using FFcal News Indicator in Trading"},"content":{"rendered":"\n

In this review, we will get acquainted with a useful news indicator FFcal<\/strong>. It tracts the publication of important news and reflects them directly on the price chart.<\/p>\n\n\n\n

<\/span>Why is FFcal useful?<\/span><\/h2>\n\n\n\n

The FFcal indicator was created for transferring information from the economic calendar<\/a><\/strong> of a well-known news portal Forex Factory<\/a> to the MetaTrader 4 trading platform<\/a>. Thanks to FFcal, you can see the publication time of important news, keeping your eyes on the price chart. The settings of the indicator allow filtering news by importance and switching on sound alerts, if necessary.<\/p>\n\n\n\n

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The publication of important economic (and political) news is a driver for the Forex<\/a> market. <\/p>\n<\/blockquote>\n\n\n\n

Many traders use the publication of strong news in trading<\/a> as the mighty impulse of the news may bring a quick profit. The FFcal indicator is a good helper because it will remind you of the upcoming events.<\/p>\n\n\n\n

If the trader does not trade news (as such a type of work entails increased risks), knowing when certain data is issued is still vital. Meaningful news may provoke a mighty market movement and change the technical picture completely. Hence, better not enter the market before the publication of influential news and close the existing positions or minimize risks<\/a>, pulling the Stop Losses<\/a> closer.<\/p>\n\n\n\n

FFcal is displayed in the right upper corner of the price chart of your financial instrument (however, you may change the placement in the settings). Two nearest pieces of news are written in different colors; their importance, the previous and expected levels of the value are specified. The time left until the publication is counted down.<\/p>\n\n\n\n

\"FFCal<\/a>
FFCal indicator<\/figcaption><\/figure>\n\n\n\n

<\/span>Installing and setting up FFcal<\/span><\/h2>\n\n\n\n

To install FFcal to the popular MetaTrader 4<\/a> terminal, download it by the link at the end of this article and copy the file to the Indicators<\/a> folder. Then, via the Main Menu, open File – Open data catalog – MQL4 – Indicators<\/em>; copy the file of the indicator and restart the terminal.<\/p>\n\n\n\n

Then FFcal will appear on the list of user indicators; install it to the chart via the Main Menu: Insert – Indicators – User – FFcal<\/em>. Alternatively, left-click FFcal in the Navigate window and drag it to the chart. Check that in the terminal settings (Expert Advisors<\/a> inlay) the import of DDL is allowed.<\/p>\n\n\n\n

<\/span>FFCal settings<\/span><\/h3>\n\n\n\n

Look at the basic FFcal settings:<\/p>\n\n\n\n