News Catcher Pro EA MT4 v4.24 with Setfiles

What is News Catcher Pro EA MT4?

News Catcher Pro is a specialized forex robot developed by Valeriia Mishchenko that automates mean reversion trading around high-impact news events using ML-based pattern recognition. This EA demonstrated 83.09% gain with 17.22% drawdown on live signal and supports multi-currency trading on a single chart setup.

• Vendor website: Click here

About the News Catcher Pro EA MT4’s Author

Valeriia Mishchenko brings over 3 years of experience in MQL5 development and maintains a strong reputation in the trading community. She has created several successful EAs including Night Hunter Pro, Evening Scalper Pro, and Perceptrader AI, all highly rated on the MQL5 platform. Her expertise focuses on developing automated trading solutions that combine technical analysis with risk management features.

Key Takeaway

• Core Strategy: Employs mean reversion approach targeting intraday volatility patterns triggered by significant news events, using Price Channels (PCh Period: 50) and Daily ATR for entry/exit timing
• Key Elements: Integrates news filter for high-impact events, ML-based pattern recognition (90% threshold), automatic GMT detection, and rollover management for precise execution
• Risk Management Features: Offers ATR-based or fixed pip stop loss/take profit, position time limits (4000 bars default), maximum spread control (5 pips), and optional grid system (disabled by default)
• Live Performance: MyFxBook signal shows 83.09% gain over 46 weeks with 17.22% drawdown, though news trading inherently carries slippage and volatility risks
• Supported Pairs: EURUSD, GBPUSD, EURGBP on M5 timeframe with single chart managing multiple currencies, but requires careful spread monitoring during news releases
• Primary Risk: News event volatility can cause significant slippage and whipsaw movements, especially during unexpected market reactions or broker execution delays

Recommendations for News Catcher Pro EA MT4

• Trading Platform: MetaTrader 4 (MT4) – optimized for this version
• Pairs: EURUSD, GBPUSD, EURGBP – major pairs offer better liquidity during news events
• Supported Accounts: ECN accounts preferred for better execution speed during volatile news periods
• Timeframe: M5 (5-minute) – required for news event timing precision
• Trading Time: Targets high-impact news sessions, automatically filters rollover periods (23:45-00:15 GMT)
• Leverage: Maximum 1:100 recommended – higher leverage significantly increases risk during news volatility spikes
• Minimum Deposit: $200 minimum ($100-$500 advisable) – higher balance provides better risk management for news trading volatility

News Catcher Pro EA MT4 Review

News Catcher Pro targets news-driven volatility with systematic mean reversion, showing solid live results but requiring careful risk management due to inherent news trading challenges like slippage and market gaps.

Live Signal Results: 83.09% gain, 17.22% drawdown over 46 weeks with $200 starting balance – demonstrates consistent growth but significant drawdown periods during adverse news reactions.

Backtest Performance (2008-2024): Shows steady equity curve with 0.01 fixed lot, though 10% risk version displays exponential growth suggesting high-risk potential with corresponding exposure.

User Feedback: MQL5 reviews consistently rate 5 stars, with traders praising author communication and EA effectiveness, including one user reporting 26% profit with 8.6% drawdown.

Why Choose News Catcher Pro EA MT4

• Specialized News Strategy: Focuses specifically on high-impact news events with built-in news filter, though this creates dependency on news timing accuracy and broker execution speed
• ML Pattern Recognition: Uses 90% threshold machine learning for trade filtering, but effectiveness depends on continued pattern validity in changing market conditions
• Multi-Currency Single Setup: Manages EURUSD, GBPUSD, EURGBP from one chart, offering convenience but requiring careful correlation risk monitoring
• Proven Live Performance: MyFxBook verified 83.09% gain demonstrates real-world viability, though 17.22% drawdown shows significant risk periods
• Comprehensive Risk Controls: Offers ATR-based sizing and position time limits, but news trading inherently carries higher slippage and gap risks than standard strategies

Conclusion

News Catcher Pro offers a specialized approach to news-driven volatility with proven live results, but requires experienced traders comfortable with drawdown periods and news trading risks. Best suited for intermediate traders seeking automated news strategies, while beginners should exercise extreme caution due to inherent volatility exposure.

News Catcher Pro EA MT4 Download Packages:

• Link download experts:
  • News Catcher Pro EA MT4.ex4
• Presets:
  • NCP_Default.set
  • NCP_Trail_ProfLimit.set
  • NCP_Trail_ProfLimit_AddTrades_Hedging.set

FAQs