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News Catcher Pro
News Catcher Pro Original price: $2,200 Content: Expert: News Catcher Pro 3.34_nodll.ex4, Document: Servers.txt News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs. It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP Recommended timeframe: M5 EA is FIFO compatible. Features: One Chart […]
Description
News Catcher Pro
Original price: $2,200
Content: Expert: News Catcher Pro 3.34_nodll.ex4, Document: Servers.txt
News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs. It does not trade frequently!
Supported currency pairs: GBPUSD, EURUSD, EURGBP
Recommended timeframe: M5
EA is FIFO compatible.
Features:
- One Chart Setup: you only need one chart to trade all symbols.
- Multiple currency pairs support
- Solid backtest and live performance
- Advanced News Filter (can be used in Strategy Tester)
- Auto GMT detection
- Self-Diagnostic System
How to install
- The EA must be attached to ONLY one M5 chart, EURUSD is recommended.
- If your broker uses a suffix (e.g., EURUSD.a) you should update names in the Symbol parameter.
- Use recommended pairs only. You don’t need .set files, all settings are stored internally in the EA.
- Please allow web requests to the following URLs for news filter and GMT detection (delete spaces!):
- https: //ec.forexprostools.com
- https: //www. worldtimeserver.com
- http: //timesrv.online
Requirements
- The EA should run on a VPS continuously.
- Good ECN broker is preferable.
Setting
- Allow Opening a new Trade – on/off opening new trades.
- Lot-sizing Method – select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the “Fixed lot” parameter, Dynamic Lots will use Dynamic Lot parameter, Max Risk per Trade will calculate lots based on % risk per trade, 3 predefined presets will calculate risk automatically for you.
- Fixed Lot – fixed trading lot
- Dynamic Lot – balance/equity to be used per 0.01 lot.
- Maximum Lot – max allowed trading lot
- Maximum Spread, in pips – max allowed spread for position closing
- Maximum Slippage for a non-ECN acc, in pips – max allowed slippage
- Maximum Symbols at a time – max allowed number of symbols that can be opened at the same time.
- Maximum Net Number of Currencies – max allowed number of open trades with the same currencies (not symbols/currency pairs) in the same direction
- Allow to Buy/Sell – on/off Buy/Sell trades.
- Allow Hedging – allow opening multi-directional trades on the same symbol.
- Minimum Free Margin % – if Free Margin% falls below the specified value, the EA will not place new pending orders and will cancel already placed ones.
- Max Floating Drawdown % (in Money) – if current floating drawdown exceeds the specified % (value) the EA will close open positions.
- Max Drawdown Action – allows specifying actions to be taken after the max. drawdown is reached (in money or %)
- Symbols separated by comma – list of pairs to trade. Suffix needs to be included if your broker uses one!
- PCh Period – period of the price channel (PCh)
- PCh Offset – offset for the PCh levels.
- ATR Period – period of the daily ATR indicator
- Position Time Stop – max position holding time, in M5 bars.
- Hour to Stop Trading on Friday – hour to stop trading on Friday. All open positions will be closed at this hour.
- New Year Holiday Filter – on/off Christmas/New Year filter
- TakeProfit / StopLoss, %ATR – volatility-based take profit / stop loss in %ATR.
- Hide StopLoss – on/off SL hiding.
- News Filter Enabled – on/off News Filter
- Minutes Before/After Event – allow trading before/after the high-impact event.
- Trade Comment – comment
- UID (0…9) – unique EA instance number. Usually, no need to change it
- ShowPanel – on/off Info-panel
- Disable Automatic GMT Detection – set it to ‘true’ to disable automatic GMT detection. You can use the GMT Test/Manual’ and ‘DST Test/Manual’ parameters to manually set the GMT offset in live trading.
- GMT/DST Test/Manual – GMT offset in winter and DST.