Advisor News Catcher Pro mt4
Version indicates the maximum EA version that will be sent to you. Version updates are not provided unless otherwise stated in the product description. It often happens that the products also contain earlier versions of the product, this is due to updates to the adviser or indicator.
DLL files are included in the archive with the advisor or indicator that you purchase. Installing a product with a DLL is specified here: How to install a DLL? ( will open in a new window). Our dll files are safe and are automatically checked by cloud-based antivirus programs.
Availability - if set:
- Available - it means that the file will be available to you immediately after payment in your personal account;
- Manual processing - it will take time to process the order. (usually 5-15 minutes);
- Stockpiling - it means that the goods will appear in your account later, as soon as the robot is in stock.
Developer - All items on the site "developed" by the mqlmarket.ru service and technical support for these products is provided only through this site.
A refund is provided if the Expert Advisor file is not working according to the established requirements, which are specified in in the terms of the agreement (opens in a new window). In disputable situations, we are always on the client's side.
Installing EA trading advisors and robots:
- Files after the purchase will be available in your Personal Account in the section: My downloads.
- If the archive contains the MQL folder, then copy and paste it along the way to terminal: File - Open the data directory.
- If the robot is in the archive as an .ex4 or ex.5 file, then copy and paste it along the path in the terminal: File - Open data directory - MQL4 - Experts.
- Copy and paste the file with the indicator or script .ex4 or .ex5 along the path in the terminal: File - Open data directory - MQL4 - Indicators/Scripts.
When working with forex robots, use a VPS (rented computer), do not regret it for $ 3 per month.
We have been using two services for more than 5 years:
1 VPS service from Zomro: registration link with promo code (you will get a discount).
2 ForexBox VPS service: registration link (also get a discount ku).
If you find an error in the text, write to us and we will fix it! :)
Recommended pairs: GBPUSD, EURUSD, EURGBP
News Catcher Pro — is a mean reversion strategy that uses intraday seasonal volatility patterns triggered by major news events. It enters the market at a specified time shortly before a major news event. happens. He doesn't trade often!
Recommended timeframe: M5
The Expert Advisor does not use martingale and grid, each trade is protected stop loss !
In order to test the Expert Advisor, you need to download the news event data file « NewsEvents.txt » and copy it to the general directory MT4/5 — "\Common\Files" (File -> Open Data Folder -> To "Terminal" -> General -> Files). The data file can be found in the "Comments" section.
- Single chart setup: you only need one chart to trade all symbols
- Support for multiple currency pairs
- Reliable backtesting and live performance
- Advanced news filter (can be used in the strategy tester)
- Automatic GMT detection
- The self-diagnosis system
Backtesting should be done with Tick Data Suite GMT+2 with daylight saving time in USA. This GMT offset is used by most brokers.
How to install
- The EA must be attached ONLY to one M5 chart, EURUSD recommended
- If your broker uses a suffix (e.g. EURUSD.a), you should update the names in the Symbol parameter.
- Use only recommended pairs. You don't need .set files, all settings are stored inside the EA
Please allow web requests to the following URLs to filter news and determine GMT (remove spaces!) :
- https://www. worldtimeserver.com
- HTTP: //timesrv.online
- The Expert Advisor must be constantly running on the VPS
- Preferably a good ECN broker.
- Allow opening a new deal - enable/disable the opening of new deals
- Lot size determination method — choose a method for determining the lot size according to the risk you want to take: Fixed Lots will use the fixed lot size from the "Fixed Lot" parameter, Dynamic Lots will use the parameter "Dynamic Lot", Max risk per trade will calculate lots based on % risk per trade, 3 predefined presets will automatically calculate the risk for you
- Fixed Lot - fixed trading lot
- Dynamic lot - balance/equity to be used per 0.01 lot
- Maximum Lot - the maximum allowable trading lot
- Max spread, in pips - the maximum allowable spread for closing positions
- Max slippage for a non-ECN account, in pips - the maximum allowable slippage
- Max characters at a time - the maximum number of characters that can be opened at the same time.
- Max number of net currencies - the maximum allowed number of open trades with the same currencies (not symbols/currency pairs) in one direction.
- Allow buy/sell - enable/disable buy/sell trades
- Enable hedging - allow opening trades in opposite directions for one symbol
- Minimum Free Margin % - if the Free Margin % falls below the specified value, the EA will not place new pending orders and cancel the ones already placed.
- Max Floating Drawdown % (in Money) - if the current floating drawdown exceeds the specified % (value), the EA will close open positions
- Max Drawdown Action - allows you to specify actions to be taken after max. drawdown reached (in money or %)
- Comma-separated characters - a list of trading pairs. Suffix must be included if used by your broker!
- PCh Period - price channel period (PC)
- PCh Offset - offset for PCh levels
- ATR Period - period of the daily ATR indicator