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News Trading Made Easy (Part 1): Creating a Database

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by , 06-07-2024 at 04:35 AM (104 Views)
      
   
In this article, we will learn to create a database in which we will store data from the MQL5 Economic Calendar. This data can be used later, in upcoming articles, to trade the news. We will also explore how to execute basic SQL queries to retrieve certain organized information from this database. The entire process will be done in the MQL5 IDE.

Traders keep a close watch on news sources for information that might impact the markets. This includes geopolitical events, corporate earnings announcements, political events, and economic reports such as GDP growth or employment figures. Traders act quickly to respond to significant news releases to profit from resulting market changes. Depending on how the news is interpreted, buying or selling assets may be necessary. In this article, we will focus on economic events, as they are readily available to us through the MQL5 Economic Calendar.
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