News Catcher Pro EA MT4 – Original Version(1431+) add SetFiles

Introducing the Expert News Catcher Pro EA MT4

Name: News Catcher Pro
Version: V3.34 new update
Developer by: Valeriia Mishchenko
The Right Platform: Meta Trader 4 (MT4)
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Overview

News Catcher Pro EA V3.34 MT4 employs a mean reversion approach utilizing intraday seasonal volatility trends to generate more significant events. This EA executes trades at a specific timeframe just prior to the occurrence of a high-impact event. News Catcher Pro is not designed for continuous trading; it performs optimally with currencies such as GBPUSD, EURUSD, EURGBP, and operates on the M5 timeframe.

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Outstanding Features of News Catcher Pro EA MT4

• Effective Reversal Strategy: News Catcher Pro uses a mean reversion trading strategy, taking advantage of intraday price movements in a special pattern when major economic news occurs.
• Smart news trading: EA automatically places orders right before the news has a strong impact on the market, optimizing the ability to profit from fast and strong fluctuations.
• Diverse currency pairs: Supports popular major currency pairs: GBPUSD, EURUSD, EURGBP, giving you many flexible options in trading.
• Only one chart: Easy setup, just attach to a single chart (recommended to use EURUSD on M5) to trade all supported pairs.
• Advanced news filter: Advanced news filter, integrated both during live trading and when testing strategies in Strategy Tester.
• Automatic Time Zone Detection (GMT): EA automatically detects and adjusts to GMT time zone, ensuring accurate trading in real time.
• Self-diagnostic system: EA’s self-test and diagnostic feature helps to quickly detect and fix problems that arise.
• Accurate and efficient testing: Optimized for backtest performance using Tick Data Suite GMT+2 with US DST, reflecting the best real-world performance.
• Easy to install and use: No need to use complicated .set files, all parameters are stored inside the EA, making installation extremely simple.
• FIFO compliance: Ensures compliance with FIFO (First In First Out) regulations, suitable for brokers that apply this requirement.

News Catcher Pro EA MT4 Trading Parameters and Strategy

• Trading Symbol: List the currency pairs to trade, separated by commas. Include suffixes if required by your broker.
• Price Channel Period (PCh Period): Determines the length of the period for the EA to measure and build the price channel, helping to identify reversal points.
• Price Channel Offset (PCh Offset): Additional deviation from the standard price channel levels, clarifying entry points.
• ATR Period: The number of days used to calculate the Average True Range (ATR), helping the EA identify market volatility.
• Maximum Position Time: Limits the maximum number of M5 bars the EA will hold a position before automatically closing it.
• Friday Stop Time: The EA automatically closes all open trades at the specified time every Friday to minimize weekend risk.
• New Year Holiday Filter: Enable/Disable Stop Out during Christmas/New Year period to avoid unusual market volatility.
• Take Profit/Stop Loss by %ATR: Automatically adjust take profit and stop loss levels based on volatility (%ATR), supporting effective risk and profit management.
• Hidden Stop Loss: Enable hidden stop loss mode to prevent brokers from targeting your stop loss.
• News Filter: Enable/Disable news filtering to avoid high-risk trades during important news events.
• Minutes Before/After News Event: Allows EA to open positions in a specific time frame before or after major news events.

News Catcher Pro Performance Review

Recommended Configuration for News Catcher Pro EA MT4

What do you get After Downloading?

• Experts Advisor:
  • News Catcher Pro EA.ex4

• Presets : 
  • NCP_Default.set
  • NCP_Trail_ProfLimit.set
  • NCP_Trail_ProfLimit_AddTrades_Hedging.set

Final Conlusion

News Catcher Pro EA V3.34 MT4 is a formidable resource for traders aiming to maneuver through the opportunities and challenges posed by market news. With its sophisticated news analysis, real-time tracking, and immediate response mechanism, this EA enables traders to make educated choices and exploit short-term market shifts triggered by major events. Whether you are a news-informed trader or aspiring to refine your strategy, News Catcher Pro EA V3.34 MT4 provides a competitive edge in mastering news-oriented forex trading.

🤗WISH YOU SUCCESSFUL TRADING🤗