Description
News Catcher Pro V4.24 EA MT4
The News Catcher Pro EA V4.24 MT4 is an expert advisor (EA) designed for MetaTrader 4. It employs a unique mean-reversion strategy that capitalizes on intraday seasonal volatility patterns triggered by high-impact news events. In this article, we’ll delve into the essential details of this powerful trading tool.
Key Features :
- Strategy: The EA enters the market shortly before significant high-impact news events occur. It aims to exploit intraday volatility patterns caused by these events.
- Currency Pairs: The EA works best with the following currency pairs:
- GBPUSD
- EURUSD
- EURGBP
- Recommended Timeframe: M5 (5-minute chart)
- FIFO Compatibility: The EA adheres to the First-In-First-Out (FIFO) rule.
- Backtesting: To backtest the EA, download the news events data file ‘NewsEvents.txt’ and place it in the common MT4 directory (‘\Common\Files’). This file contains crucial data for accurate testing.
How It Works :
- Timing: The EA identifies specific times just before high-impact news events. It positions itself strategically to take advantage of potential price movements.
- Mean Reversion: Rather than chasing trends, the EA follows a mean-reversion approach. It assumes that extreme price movements will revert to their average levels.
- Volatility Patterns: By analyzing intraday volatility patterns, the EA determines optimal entry points.
- Selective Trading: The EA does not trade frequently, ensuring a focused and deliberate approach.
Installation and Setup :
- Attach the EA to one M5 chart (EURUSD is recommended).
- If your broker uses a suffix (e.g., EURUSD.a), update the symbol names in the EA settings.
- Allow web requests to the following URLs for news filtering and GMT detection:
- ec.forexprostools.com
- worldtimeserver.com
- timesrv.online
Risk Management :
- Lot Sizing Method:
- Fixed Lots: Use a fixed lot size specified in the “Fixed lot” parameter.
- Dynamic Lots: Adjust lot size based on balance/equity.
- Max Risk per Trade: Calculate lots based on a percentage risk per trade.
- Set maximum allowed values for spread, slippage, and the number of open trades.
Get Started :
- Visit our Telegram channel: https://t.me/yoforexrobot.
- Download the EA from our website: YoForex.
Remember, the News Catcher Pro EA MT4 V4.24 is not about frequent trading—it’s about smart trading. Stay informed, use proper risk management, and let the EA work its magic !
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
Additional Resources :
Instant Download: https://yoforex.org/product/news-catcher-pro-ea-mt4-v4-24-nodll/
Contact: @YoForexPremium
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