News Catcher Pro Robot (Free Download)
News Catcher Pro Robot is a sophisticated Forex EA that uses a mean-reversion strategy to capitalize on intraday seasonal volatility caused by high-impact news events. It supports multiple currency pairs and features advanced news filtering, auto GMT detection, and robust backtesting capabilities for reliable trading performance.
News Catcher Pro Robot: The Ultimate Mean-Reversion Strategy EA
Introducing the News Catcher Pro Robot, a cutting-edge expert advisor designed for Forex traders. This EA leverages a mean-reversion strategy that exploits intraday seasonal volatility patterns caused by high-impact news events. Unlike other trading robots, News Catcher Pro enters the market at a specific time shortly before a high-impact news event, making it highly strategic and effective. The best part? It doesn’t trade frequently, reducing the risk of overtrading and ensuring quality over quantity.
Key Features of News Catcher Pro Robot
- One Chart Setup: Trade all symbols from a single chart.
- Multiple Currency Pairs Support: GBPUSD, EURUSD, EURGBP.
- Solid Backtest and Live Performance: Proven reliability.
- Advanced News Filter: Usable in the Strategy Tester.
- Auto GMT Detection: Seamless timezone management.
- Self-Diagnostic System: Ensures optimal performance.
- FIFO Compatibility: Meets regulatory requirements.
Supported currency pairs include GBPUSD, EURUSD, and EURGBP, with a recommended timeframe of M5. You can find the MT5 version as well.
Easy Backtesting and Installation
To backtest the EA, download the ‘NewsEvents.txt’ file and place it in the common MT4/5 directory under ‘Common\Files’. Detailed instructions are available in the comments section.
Installing News Catcher Pro
- Attach the EA to one M5 chart, preferably EURUSD.
- If your broker uses a suffix (e.g., EURUSD.a), update the names in the Symbol parameter.
- Use only the recommended pairs; no .set files are needed as settings are internal.
- Allow web requests to the specified URLs for news filtering and GMT detection.
Requirements for Optimal Performance
- VPS Hosting: The EA should run continuously on a VPS.
- ECN Broker: A good ECN broker is preferable for best results.
Configurable Settings for Customized Trading
Trade Management
- Allow Opening a New Trade: Turn on/off opening new trades.
- Lot-sizing Method: Choose from Fixed Lots, Dynamic Lots, or Max Risk per Trade.
- Fixed Lot: Set the fixed trading lot.
- Dynamic Lot: Define the balance/equity to be used per 0.01 lot.
- Maximum Lot: Set the maximum allowed trading lot.
- Maximum Spread: Define the max allowed spread for position closing.
- Maximum Slippage: Set the max allowed slippage for non-ECN accounts.
- Maximum Symbols at a Time: Limit the number of symbols that can be opened simultaneously.
- Maximum Net Number of Currencies: Control the number of open trades with the same currencies.
- Allow to Buy/Sell: Enable or disable buy/sell trades.
- Allow Hedging: Permit multi-directional trades on the same symbol.
- Minimum Free Margin %: Prevent new orders if Free Margin% falls below a set value.
- Max Floating Drawdown %: Close open positions if the floating drawdown exceeds the specified percentage.
- Max Drawdown Action: Specify actions after reaching the maximum drawdown.
Strategy Parameters
- Symbols: List of pairs to trade, including suffix if required.
- PCh Period: Period of the price channel.
- PCh Offset: Offset for the price channel levels.
- ATR Period: Period of the daily ATR indicator.
- Position Time Stop: Maximum position holding time in M5 bars.
- Hour to Stop Trading on Friday: Set the hour to stop trading on Friday, closing all positions.
- New Year Holiday Filter: Enable or disable the Christmas/New Year filter.
- TakeProfit / StopLoss: Volatility-based take profit/stop loss in %ATR.
- Hide StopLoss: Option to hide the stop loss.
Advanced Features
- News Filter Enabled: Enable or disable the news filter.
- Minutes Before/After Event: Allow trading before or after high-impact events.
- Trade Comment: Add a comment to trades.
- UID: Unique EA instance number, typically unchanged.
- ShowPanel: Enable or disable the info panel.
- Disable Automatic GMT Detection: Option to disable automatic GMT detection.
- GMT/DST Test/Manual: Set the GMT offset manually if required.
Achieving Trading Excellence with News Catcher Pro
News Catcher Pro Robot is engineered for traders who want a sophisticated, reliable, and high-performing EA. Its advanced news filter, multiple currency pair support, and robust backtesting make it an invaluable tool in any trader’s arsenal. By adhering to the installation and configuration guidelines, you can ensure that News Catcher Pro runs seamlessly and delivers optimal trading performance.
Whether you’re a seasoned trader or a beginner, News Catcher Pro Robot offers the tools and flexibility to adapt to various trading environments. Its unique approach to leveraging high-impact news events sets it apart from traditional trading robots. Start your journey towards successful trading with News Catcher Pro Robot today and experience the difference it can make in your trading strategy.
