Description

News Catcher Pro EA V4.38 – Advanced News Trading & Mean Reversion Expert Advisor

News Catcher Pro EA V4.38 is a professional news trading Expert Advisor that capitalizes on intraday market volatility created by high-impact economic events. Built around a sophisticated mean reversion strategy, the EA identifies trading opportunities shortly before scheduled news releases, aiming to capture price reversals after volatility spikes rather than chasing breakouts.

Designed for disciplined, low-frequency trading, News Catcher Pro focuses on quality setups instead of frequent entries. The EA combines intelligent trade filtering, advanced money management, and automated news analysis to provide a systematic approach for traders seeking consistent, rule-based execution.

Optimized for GBPUSD, EURUSD, and EURGBP on the M5 timeframe, the EA supports one-chart multi-currency trading and includes professional risk management features suitable for both live trading and historical testing.

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Why Choose News Catcher Pro EA V4.38?

News Catcher Pro EA is developed for traders who want to automate news-event trading while maintaining strict control over risk. Instead of relying on aggressive recovery techniques, the EA uses predefined trading rules, advanced filtering, and volatility-based trade management.

Key Benefits

• Professional news-based mean reversion strategy
• Trades around high-impact economic events
• One-chart multi-currency trading
• Intelligent risk management
• Advanced news filtering
• Automatic GMT and DST detection
• FIFO compatible
• VPS-friendly operation
• Flexible money management
• Suitable for long-term automated trading

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Key Features

Advanced News Trading Strategy

The EA is designed to identify high-probability trading opportunities around scheduled economic news releases.

Features include:

• Mean reversion trading methodology
• High-impact news event analysis
• Selective trade execution
• Low-frequency trading approach
• Intraday volatility trading

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Multi-Currency Support

News Catcher Pro EA can manage multiple supported currency pairs from a single chart.

Supported Currency Pairs

• GBPUSD
• EURUSD
• EURGBP

Recommended Timeframe: M5

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One-Chart Trading

Only one chart is required to trade all supported symbols.

Benefits include:

• Simple installation
• Easy management
• Lower platform resource usage
• Centralized monitoring

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Advanced News Filter

The integrated news filter automatically analyzes scheduled economic events and helps control when the EA is allowed to trade.

Features include:

• High-impact news filtering
• Adjustable trading window before events
• Adjustable trading window after events
• Historical testing support
• Configurable news impact settings

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Intelligent Risk Management

News Catcher Pro provides multiple position sizing methods to suit different trading styles.

Available options include:

• Fixed Lot Size
• Dynamic Lot Sizing
• Percentage Risk Per Trade
• Automatic Risk Presets

Additional protection includes:

• Maximum Lot Limit
• Maximum Spread Filter
• Maximum Slippage Protection
• Minimum Free Margin Protection
• Floating Drawdown Protection
• Automatic Drawdown Actions

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Smart Trade Management

Every position is managed using built-in protection tools designed to reduce trading risk.

Features include:

• ATR-Based Take Profit
• ATR-Based Stop Loss
• Hidden Stop Loss
• Position Time Stop
• Friday Closing Filter
• Christmas & New Year Holiday Filter
• Buy/Sell Controls
• Hedging Support

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Exposure Management

To improve portfolio protection, the EA includes exposure control features such as:

• Maximum Symbols Open
• Maximum Net Currency Exposure
• Directional Trade Limits
• Currency-based position control

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Automatic GMT & DST Detection

News Catcher Pro automatically detects broker GMT and Daylight Saving Time settings to ensure accurate news timing.

Manual GMT and DST configuration is also available when required.

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Self-Diagnostic System

The EA continuously monitors important trading conditions and configuration settings to help ensure reliable operation.

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Trading Strategy

News Catcher Pro uses a combination of:

• Mean Reversion Logic
• Price Channel Analysis
• ATR Volatility Calculations
• Economic News Timing
• Volatility-Based Exit Management
• Time-Based Position Control

The strategy is designed to capture market inefficiencies that often occur around scheduled economic announcements while maintaining disciplined risk management.

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Recommended Trading Environment

Feature	Recommendation
Trading Instrument	GBPUSD, EURUSD, EURGBP
Timeframe	M5
Account Type	Hedging Account
Broker	ECN or RAW Spread
VPS	Strongly Recommended
Trading Style	Automated News Trading

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Installation Guide

To install News Catcher Pro EA:

1. Attach the EA to one M5 chart (EURUSD is recommended).
2. Update the symbol names if your broker uses suffixes (for example, EURUSD.a).
3. Use only the recommended currency pairs.
4. Enable the required WebRequest URLs.
5. Run the EA continuously on a reliable VPS.

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Required Web Requests

To enable automatic news filtering and GMT detection, add the following URLs to your platform’s allowed WebRequest list:

• http://timesrv.online
• http://valerytools.com
• http://valeryservice.com

To enable WebRequest:

1. Open Tools → Options → Expert Advisors.
2. Enable Allow WebRequest for listed URL.
3. Add each URL listed above.

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Backtesting Requirements

For accurate historical testing:

• Download the NewsEvents.txt data file.
• Copy the file into the Common → Files directory.
• Use Tick Data Suite with GMT+2 and US Daylight Saving Time (DST) for the most reliable backtest results.

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Main Input Parameters

Trading Controls

• Allow Opening New Trades
• Allow Buy Trades
• Allow Sell Trades
• Allow Hedging

Money Management

• Fixed Lot
• Dynamic Lot
• Risk Percentage
• Maximum Lot Size

Protection Settings

• Maximum Spread
• Maximum Slippage
• Minimum Free Margin
• Maximum Floating Drawdown
• Drawdown Recovery Actions

Strategy Settings

• Price Channel Period
• Price Channel Offset
• ATR Period
• Position Time Stop
• Friday Closing Hour
• Holiday Filter
• ATR-Based Take Profit
• ATR-Based Stop Loss
• Hidden Stop Loss

News Settings

• Enable News Filter
• Minutes Before Event
• Minutes After Event
• News Impact Selection
• News Refresh Rate

Additional Settings

• Trade Comment
• Unique EA ID
• Information Panel
• Manual GMT
• Manual DST
• Symbol Suffix Support

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Who Should Use News Catcher Pro EA?

This Expert Advisor is suitable for:

• Automated Forex traders
• News event traders
• Mean reversion strategy traders
• Professional money managers
• VPS users
• Traders seeking disciplined, low-frequency trading systems

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Technical Specifications

Feature	Details
Trading Strategy	Mean Reversion
Trading Style	Automated News Trading
Supported Pairs	GBPUSD, EURUSD, EURGBP
Recommended Timeframe	M5
One-Chart Trading	Yes
News Filter	Yes
Auto GMT Detection	Yes
FIFO Compatible	Yes
Hedging Support	Yes
VPS Recommended	Yes

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Frequently Asked Questions

Does News Catcher Pro EA trade frequently?

No. The EA focuses on carefully selected setups around scheduled high-impact economic news events rather than frequent trading.

Can it trade multiple currency pairs?

Yes. A single EA instance can manage all supported currency pairs from one chart.

Is a VPS recommended?

Yes. A reliable VPS helps ensure uninterrupted operation and stable execution during major news events.

Which broker works best?

For optimal execution, an ECN or RAW spread broker with a hedging account is recommended.