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 :

1. Timing: The EA identifies specific times just before high-impact news events. It positions itself strategically to take advantage of potential price movements.
2. 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.
3. Volatility Patterns: By analyzing intraday volatility patterns, the EA determines optimal entry points.
4. Selective Trading: The EA does not trade frequently, ensuring a focused and deliberate approach.

 

Installation and Setup :

1. Attach the EA to one M5 chart (EURUSD is recommended).
2. If your broker uses a suffix (e.g., EURUSD.a), update the symbol names in the EA settings.
3. 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 :

1. Visit our Telegram channel:  https://t.me/yoforexrobot.
2. 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

 

🔔😎Happy Trading😎🔔