News Catcher Pro MT4 – Smart Automated News Trading with Precision and Control

News Catcher Pro MT4 is an advanced automated trading system engineered for Forex traders who want to profit from market movements triggered by high-impact economic news events. Unlike most Expert Advisors (EAs) that trade continuously, this system focuses on precise and low-frequency entries, executed during predictable periods of volatility—specifically just before major news releases.

By leveraging seasonal intraday volatility patterns, News Catcher Pro MT4 identifies optimal entry points and takes advantage of short-term market overreactions caused by news events. The result is a data-driven, disciplined, and reliable trading system built for consistent performance and controlled risk.

How News Catcher Pro MT4 Works

The EA continuously scans the market for scheduled high-impact news events. When the conditions match its volatility and pattern filters, it strategically opens positions just before the announcement to capture short-term price corrections.

Once trades are placed, volatility-based Stop Loss and Take Profit levels automatically protect each position. The EA’s built-in news and time filters ensure that trading pauses during unstable market conditions, weekends, or holidays.

Core Strategy Highlights

• Trades only during scheduled high-impact news events
• Uses mean-reversion logic for low-risk entries
• Adapts to volatility with ATR-based dynamic risk control
• Focuses on accuracy and consistency instead of trading frequency

Key Features

• Multi-Currency Support: Works seamlessly with GBPUSD, EURUSD, and EURGBP
• One-Chart Setup: Manage all trades conveniently from a single chart
• Advanced News Filter: Integrates real-time and historical news data for precise trade entries
• Auto GMT Detection: Automatically adjusts to your broker’s time zone
• Self-Diagnostic System: Ensures optimal performance without manual intervention
• FIFO Compatible: Fully compliant with U.S. trading regulations
• Backtest Ready: Includes accurate news event data for realistic backtesting

Easy Installation Guide

1. Attach News Catcher Pro MT4 to one M5 chart (EURUSD recommended).
2. Update symbol names if your broker uses a suffix (e.g., EURUSD.a).
3. Allow web requests for:
   • https://ec.forexprostools.com
   • https://www.worldtimeserver.com
   • http://timesrv.online
4. Copy the ‘NewsEvents.txt’ file into the folder:
   CommonFiles → (File → Open Data Folder → Up to ‘Terminal’ → Common → Files)
5. Backtest using Tick Data Suite (GMT+2, US DST) for accurate historical testing.

All settings are built-in — no external .set files are required.

Recommended Trading Conditions

• Pairs: GBPUSD, EURUSD, EURGBP
• Timeframe: M5
• Account Type: Hedging account with a reliable ECN broker (low spread and slippage)
• VPS Latency: Under 20ms for optimal execution
• Operation: 24/7 uptime on a stable VPS is recommended

Customizable Settings

News Catcher Pro MT4 offers flexible settings for traders who want full control over risk and trade management.

Risk & Trade Management

• Choose between Fixed Lot, Dynamic Lot, or Risk-Based position sizing
• Adjustable Maximum Spread, Slippage, and Drawdown limits
• Smart margin protection with automatic order cancellation if free margin drops

Strategy Parameters

• ATR-based Stop Loss and Take Profit settings
• News timing control to trade before or after key events
• Position Time Stop to close trades after a fixed duration
• Friday and Holiday Filters to prevent low-liquidity trading
• Optional Hedging and Multi-Directional Trades for experienced users

Safety Tools

• Maximum floating drawdown (money or percentage-based)
• Smart management of correlated pairs
• Automatic trade suspension during extreme volatility

Why Choose News Catcher Pro MT4

• Designed by professionals for precision trading during news events
• Trades only when a statistical edge exists — no random scalping
• Low-frequency and fully automated, ideal for professional and prop firm traders
• Backtested and verified using real-world news data
• Compliant with FIFO and FTMO standards
• Simple setup — no complex configurations needed

Conclusion

News Catcher Pro MT4 is one of the most intelligent and dependable news-trading EAs in the Forex market. Its mean-reversion strategy, combined with smart event filtering and advanced risk management, allows traders to profit from volatility while avoiding random market noise.

If you’re seeking a high-accuracy, low-frequency automated trading system that thrives during economic announcements and ensures long-term consistent results, News Catcher Pro MT4 is the perfect choice.

Trade smarter, safer, and more efficiently — with the power and precision of News Catcher Pro MT4.