Introducing News Catcher Pro, a strategic tool harnessing mean-reversion techniques based on intraday seasonal volatility patterns induced by impactful news events. This robust strategy strategically enters the market shortly before such events unfold, ensuring a focused approach to trading. Notably, News Catcher Pro operates with minimal frequency, prioritizing quality over quantity.

Key Features:

• Strategy optimized for GBPUSD, EURUSD, and EURGBP currency pairs
• Recommended timeframe: M5
• FIFO compatibility ensures orderly execution of trades

To facilitate backtesting, download the ‘NewsEvents.txt’ data file and place it in the common MT4/5 directory: ‘\Common\Files’ (Navigate: File -> Open Data Folder -> Terminal -> Common -> Files). Refer to the Comments section for the data file.

Features:

• Single chart setup for all symbols
• Support for multiple currency pairs
• Reliable backtesting and live performance
• Advanced News Filter applicable in Strategy Tester
• Auto GMT detection for seamless operation
• Self-diagnostic system for enhanced performance

For accurate backtesting, utilize Tick Data Suite GMT+2 with US DST, a widely used GMT offset by brokers.

Installation Guidelines:

• Attach the EA to a single M5 chart, preferably EURUSD
• Update symbol names if your broker uses a suffix (e.g., EURUSD.a)
• Utilize recommended currency pairs; no need for .set files as settings are internal
• Allow web requests to the following URLs for news filtering and GMT detection:

1. https://ec.forexprostools.com
2. https://www.worldtimeserver.com
3. http://timesrv.online

System Requirements:

• Continuous operation on a VPS is essential
• Preferably use a reputable ECN broker

Settings:

• Toggle option for opening new trades
• Choose lot-sizing method based on risk preference
• Set parameters for fixed lot size, dynamic lots, and maximum lot size
• Define maximum spread and slippage thresholds
• Customize settings for maximum symbols and net number of currencies
• Enable/disable buy/sell trades and hedging
• Set thresholds for free margin and floating drawdown
• Specify actions post-maximum drawdown

Strategy Parameters:

• Specify trading pairs, including suffix if applicable
• Define parameters for price channel, ATR indicator, and position holding time
• Set time to stop trading on Fridays
• Enable/disable New Year holiday filter
• Adjust take profit and stop loss based on ATR volatility
• Opt to hide stop loss and enable/disable news filter
• Configure trading before/after high-impact events

Additional Settings:

• Customize trade comments and unique EA instance number
• Toggle display of the info panel
• Enable/disable automatic GMT detection and manually set GMT offset for live trading, including DST adjustments

Enhance your trading experience with News Catcher Pro, meticulously designed for strategic precision in dynamic markets.