Advisor News Catcher Pro mt4
FAQ - Answers to important questions
Our products often have additional DLL files to adapt the Expert Advisor or indicator on your computer (VPS). If your antivirus swears at the archive, disable it.
- Read the instructions for installing the adviser with the DLL below.
- All advisers and indicators are 100% working and tested.
- We update the versions of Expert Advisors and indicators. This is our right, but not an obligation.
- Download all files and updates in your personal account after authorization at the time of purchase.
- If any product turned out to be really not working, we will replace it to another similar one of your choice.
If the EA does not install, first check the version of your terminal and the correct installation of the DLL files. Instructions for installing a DLL here: How to install a DLL
Version indicates the maximum version of the EA that will transferred 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.
Accessibility - if set:
- < b>In stock - 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)
- On sale - it means that the product will appear in your account later, as soon as we buy the product, usually 1-3 days.
Developer - All products on the site are "developed" by the mqlmarket service .ru 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 agreement (opens in a new window). In disputable situations, we are always on the client's side.
When working with forex robots, use a VPS (rented computer), do not regret it for $ 3 per month.
We have been working for more than 5 years already using these services:
1 VPS service from Zomro: registration link with promo code (you will be given a discount).
2 ForexBox VPS service: registration link (also get a discount).< span style="color: #34495e;">
3 VPS service from FirstByte: registration link (The cheapest (but stable!) VPS is 150 rubles per month)
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