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Home » Shop » News Catcher Pro 3.33 MT4
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Metatrader 4

News Catcher Pro 3.33 MT4

$45.00

Vendor: Paradise Experts
Install Type

Dll

System

Metatrader 4

2 People watching this product now!
Categories: Metatrader 4, Metatrader 4 Experts
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  • Description
  • About Metatrader 4
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Description

Description

EA has a live track record

Live performance (very high risk account)

Price will be kept high to lower the number of users for this system!

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 eventoccurs. It does not trade frequently!

Supported currency pairs: GBPUSD, EURUSD, EURGBP

Recommended timeframe: M5

MT5 version can be found here

EA is FIFO compatible

The EA does not use martingale or grid, each trade protected bya stop loss! 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!):
    1. https: //ec.forexprostools.com
    2. https: //www. worldtimeserver.com
    3. 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 %)

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
About Metatrader 4

Trading with MetaTrader 4

A seriously good trader needs a seriously powerful platform – This is the MT4. There’s a reason why the MT4 is considered the most popular platform for online traders. It is rich with features for the more advanced trader, and simple enough for the newer trader to learn. Take advantage of thousands of indicators, 10 timeframes and multiple chart views.

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Delivery & Refunds

EULA

All software offered for download on this website is tested and works *Attaches to chart. It is scanned against viruses and contains no malware, adware, or other malicious code.

Refunds

Get Forex EA does not guarantee the operability of Expert Advisors. We check each Expert Advisor on different accounts and with different brokers, but this does not guarantee that it will work for you. It all depends on many factors and some Expert Advisors are very sensitive to this (for example, ping on the server, spread size or spread type floating, fixed, etc.).

Keep in mind that some Expert Advisors trade cautiously, so be patient. In this regard, no refund is provided. By agreeing to the rules of purchase, you confirm your consent that you will not demand a refund!

If your Expert Advisor does not work, change the settings, broker or VPS server. Some Expert Advisors work only with certain brokers. WE HAVE TESTED ALL OUR ADVISORS BEFORE PUBLISHING ONLINE AT CONTABO.COM VPS SERVER.

If you are still convinced you need a refund because a product is broken. Contact us by email.

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News Catcher Pro 3.33 MT4

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