News Catcher Pro EA v4.24 No DLL MT4 Build 1420+

What is News Catcher Pro EA?

News Catcher Pro EA is a mean reversion strategy that uses seasonal intraday volatility patterns caused by high-impact news events. News Catcher Pro EA enters the market at a certain time right before a high impact news event occurs. Just one chart to trade all the symbols, it supports recommended trading currency pairs and timeframes, backtesting and solid live performance plus advanced news filter functionality high (can be used in Strategy Checker), auto detect GMT. What’s more special is that it doesn’t trade often!

News Catcher Pro EA Features

Compatible with the platform Meta Trader 4

Supported currency pairs: GBPUSD, EURUSD, EURGBP

Timeframe: M5

News Catcher Pro EA is FIFO compatible

Advanced News Filter(can be used in Strategy Tester)

Auto GMT detection

Self Diagnostic System

News Catcher Pro EA Setting

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 (delete spaces)

https://  www. worldtimeserver.com (delete spaces)

http://  timesrv.online (delete spaces)

• 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 Lotswill 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 positionclosing
• 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 %)
• News Catcher Pro EA Strategy
• 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