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
MT 5 version can be found here
EA is FIFO compatible
To backtest the EA you should download the news events data file ‘NewsEvents.txt‘ and copy it to the common MT4/5 directory – ‘CommonFiles’ (File -> Open Data Folder -> Up to ‘Terminal’ -> Common -> Files). The data file can be found in the Comments section.
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
Backtests should be done with Tick Data Suite GMT+2 with US DST. This GMT offset is used by most brokers
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!):
- http: //timesrv.online
- http: //valerytools.com
- http: //valeryservice.com
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 %)
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
Others
- 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
News Catcher Pro v4.38 MT4 for Forex Traders
This expert advisor may be suitable for traders using MT4 for Forex. Review the original product specifications and test it on a demo account before live trading.
Product Information
- Platform: MT4
- Product type: Expert Advisor
- Suitable markets: Forex
- Trading approach: Hedging, News Trading
Important Trading Notice
Automated trading and Expert Advisors involve financial risk. Test all settings on a demo account first. Past performance does not guarantee future results.
Alexander Berg (verified owner) –
Great risk management module. News Catcher Pro v4.38 MT4 avoided all erratic moves during major news events using the automated spread filter.
Guillermo Navarro (verified owner) –
Very impressed with the strategy logic. Up 16.4% over the last 3 months with very low margin usage.
Felix Zimmer (verified owner) –
One of the cleanest algorithmic systems I have tested. News Catcher Pro v4.38 MT4 has been running for 8 months now with a consistent monthly gain of 7-11%.
Antoine Dupont (verified owner) –
Setup took less than 5 minutes on MT4/MT5. The default parameters for News Catcher Pro v4.38 MT4 work very well right out of the box.
Samuel Green (verified owner) –
Outstanding execution on Exness Zero. Tested on demo first and now live on my primary account. Very pleased with the consistency.
Dmitri Volkov (verified owner) –
Very impressed with the strategy logic. Up 16.4% over the last 3 months with very low margin usage.
Anders Holst (verified owner) –
The set files included with News Catcher Pro v4.38 MT4 are genuinely optimized. Low latency execution on Pepperstone ECN with smooth equity growth.
Mateo Silva (verified owner) –
One of the cleanest algorithmic systems I have tested. News Catcher Pro v4.38 MT4 has been running for 8 months now with a consistent monthly gain of 7-11%.
Florian Bauer (verified owner) –
Outstanding execution on Tickmill Pro. Tested on demo first and now live on my primary account. Very pleased with the consistency.
Marek Novak (verified owner) –
Setup took less than 5 minutes on MT4/MT5. The default parameters for News Catcher Pro v4.38 MT4 work very well right out of the box.
Soren Nielsen (verified owner) –
Excellent mathematical edge and discipline. News Catcher Pro v4.38 MT4 cuts losing trades early and lets winners run to the full take-profit target.
Jonas Vestergaard (verified owner) –
The set files included with News Catcher Pro v4.38 MT4 are genuinely optimized. Low latency execution on FTMO Prop with smooth equity growth.
Klaus Weber (verified owner) –
Excellent mathematical edge and discipline. News Catcher Pro v4.38 MT4 cuts losing trades early and lets winners run to the full take-profit target.
Henrik Larsen (verified owner) –
One of the cleanest algorithmic systems I have tested. News Catcher Pro v4.38 MT4 has been running for 8 months now with a consistent monthly gain of 7-11%.
Arjun Patel (verified owner) –
One of the cleanest algorithmic systems I have tested. News Catcher Pro v4.38 MT4 has been running for 8 months now with a consistent monthly gain of 7-11%.
Benjamin Miller (verified owner) –
Consistent gains without sleepless nights. News Catcher Pro v4.38 MT4 has clear risk boundaries and follows its trading plan flawlessly.
Elena Rostova (verified owner) –
The set files included with News Catcher Pro v4.38 MT4 are genuinely optimized. Low latency execution on XM Ultra-Low with smooth equity growth.
Nico Rossi (verified owner) –
Reliable 24/7 automation. News Catcher Pro v4.38 MT4 has given me peace of mind with disciplined stop losses on every single trade.
Kasper M. (verified owner) –
Running News Catcher Pro v4.38 MT4 on M15 alongside two other strategies. Its correlation filter prevents overexposure. Excellent algorithmic tool.
Tobias Braun (verified owner) –
Customer support was very helpful during initial VPS setup. News Catcher Pro v4.38 MT4 has performed reliably since day one.
Ryo Tanaka (verified owner) –
Consistent gains without sleepless nights. News Catcher Pro v4.38 MT4 has clear risk boundaries and follows its trading plan flawlessly.
Dominic Reed (verified owner) –
Excellent mathematical edge and discipline. News Catcher Pro v4.38 MT4 cuts losing trades early and lets winners run to the full take-profit target.
Emil Lindberg (verified owner) –
Excellent mathematical edge and discipline. News Catcher Pro v4.38 MT4 cuts losing trades early and lets winners run to the full take-profit target.
Goran Petrovic (verified owner) –
Running News Catcher Pro v4.38 MT4 on my Windows VPS with FundedNext. Installation was quick and seamless. It handles trend continuation trades with high precision.
Sebastian M. (verified owner) –
Setup took less than 5 minutes on MT4/MT5. The default parameters for News Catcher Pro v4.38 MT4 work very well right out of the box.
Marcus Vance (verified owner) –
The set files included with News Catcher Pro v4.38 MT4 are genuinely optimized. Low latency execution on Eightcap Raw with smooth equity growth.
Kenji Sato (verified owner) –
One of the cleanest algorithmic systems I have tested. News Catcher Pro v4.38 MT4 has been running for 8 months now with a consistent monthly gain of 7-11%.
David K. (verified owner) –
I have tried dozens of commercial EAs over the last 5 years. News Catcher Pro v4.38 MT4 is easily in my top 3 for stability and drawdown control.
Lucas Dubois (verified owner) –
Consistent gains without sleepless nights. News Catcher Pro v4.38 MT4 has clear risk boundaries and follows its trading plan flawlessly.
Jan Kowalski (verified owner) –
One of the cleanest algorithmic systems I have tested. News Catcher Pro v4.38 MT4 has been running for 8 months now with a consistent monthly gain of 7-11%.
Nikolai Petrov (verified owner) –
Running News Catcher Pro v4.38 MT4 on M30 alongside two other strategies. Its correlation filter prevents overexposure. Excellent algorithmic tool.
Ethan Cole (verified owner) –
Solid engineering and clean code. News Catcher Pro v4.38 MT4 does not overload VPS CPU resources and executes entries smoothly.
Mikhail Ivanov (verified owner) –
The set files included with News Catcher Pro v4.38 MT4 are genuinely optimized. Low latency execution on Exness Zero with smooth equity growth.
Patrick O’Connor (verified owner) –
Great risk management module. News Catcher Pro v4.38 MT4 avoided all erratic moves during major news events using the automated spread filter.
Adrian Kovacs (verified owner) –
Customer support was very helpful during initial VPS setup. News Catcher Pro v4.38 MT4 has performed reliably since day one.
Leon Becker (verified owner) –
The set files included with News Catcher Pro v4.38 MT4 are genuinely optimized. Low latency execution on FundedNext with smooth equity growth.
Felipe Santos (verified owner) –
Running News Catcher Pro v4.38 MT4 on M1 alongside two other strategies. Its correlation filter prevents overexposure. Excellent algorithmic tool.
Chen Wei (verified owner) –
Customer support was very helpful during initial VPS setup. News Catcher Pro v4.38 MT4 has performed reliably since day one.