News Catcher Pro

News Catcher Pro is a mean-reversion strategy that utilizes intraday seasonal volatility patterns caused by high-impact news events. It enters the market shortly before a high-impact news event occurs, leveraging these patterns to make informed trading decisions. With a focus on GBPUSD, EURUSD, and EURGBP pairs, this EA is designed for traders looking to capitalize on specific market conditions surrounding major news events.

Key Features:

• Supported Currency Pairs: GBPUSD, EURUSD, EURGBP
• Recommended Timeframe: M5
• FIFO Compatible
• Solid Backtest and Live Performance
• Advanced News Filter
• Auto GMT Detection
• Self Diagnostic System

Installation Instructions:

• Attach the EA to only one M5 chart, with EURUSD recommended
• If your broker uses a suffix (e.g., EURUSD.a), update names in the Symbol parameter
• Allow web requests to specified URLs for news filter and GMT detection

Requirements:

• Continuous operation on a VPS
• Preferable ECN broker for optimal trading conditions

Settings:

• Allow Opening a New Trade: On/Off
• Lot-sizing Method: Fixed Lots, Dynamic Lots, Max Risk per Trade
• Maximum Lot, Maximum Spread, Maximum Slippage
• Maximum Symbols and Net Number of Currencies
• Allow Buy/Sell, Allow Hedging, Minimum Free Margin %
• Max Floating Drawdown %, Max Drawdown Action
• Strategy Parameters for Price Channel (PCh), ATR Period, Position Time Stop, and more
• New Year Holiday Filter, TakeProfit/StopLoss %ATR, News Filter Enabled

Recommended Installation:

• Install News Catcher Pro on one of the supported currency pairs’ charts, with a timeframe of M5
• Select an appropriate risk mode and allocate balance for trading