Available soon
Loading product…
News Catcher Pro is an MT4 expert advisor that opens infrequent mean-reversion trades shortly before high-impact news on EURUSD, GBPUSD and EURGBP. It runs from a single M5 chart and includes a news filter and automatic GMT detection.
Get one message the moment it launches, with its price.
News Catcher Pro is an expert advisor for MetaTrader 4 that trades a short-term mean-reversion idea around scheduled high-impact news. It opens positions at a set time shortly before an event and does not trade often.
The EA looks at intraday volatility patterns that tend to appear around major economic releases. Shortly before a selected event, it places trades that fade stretched price moves back towards recent levels. Entries use a price channel, whose upper and lower edges act as dynamic support and resistance. Exits are volatility based: take profit and stop loss are set as a percentage of the daily ATR, and a maximum holding time closes positions that stay open too long.
Because trades depend on the news calendar, activity is sparse. There may be long periods with no positions, which is normal for this style.
The defaults are stored inside the EA, so no preset file is required. The main inputs are grouped below.
| Input | Purpose |
|---|---|
| Symbols | Comma-separated list of pairs, including any broker suffix |
| PCh period and offset | Define the price channel levels |
| ATR period | Daily ATR used for volatility sizing |
| Take profit / stop loss | Set as a percentage of ATR |
| Position time stop | Maximum holding time in M5 bars |
| Friday stop hour | Closes open positions at that hour |
| News filter | Minutes before and after an event during which trading is allowed or paused |
| GMT settings | Automatic detection or a manual offset for winter and daylight saving time |
Check each default against your broker's conditions and your account size before going live, as suitable values depend on both.
Trading carries risk, and past results, including backtests, do not predict future ones. News events can cause wide spreads, slippage and fast moves. Test on a demo account first and only risk money you can afford to lose.
For continuous operation, a VPS is advised, and an ECN-type broker with tight spreads suits this kind of strategy. To backtest, install the news events data file in the Common Files folder and use quality tick data with a GMT+2 server offset and US daylight saving rules.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 |
| Strategy focus | Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | News-time mean reversion using price channel levels |
| Markets | EURUSD, GBPUSD, EURGBP |
| Timeframe | M5 (attach to one chart only) |
| Trade frequency | Low; trades only around selected news events |
| Requirements | WebRequest permission, VPS and ECN-type broker preferred |
| Setup files | No preset files needed; settings are stored inside the EA |
No reviews yet. Customers who own News Catcher Pro can review it here.
Attach it to a single M5 chart only. EURUSD is the recommended chart. The EA trades the other supported pairs from that one chart, so you do not need a chart for each symbol.
Yes, but you must edit the symbol list in the Strategy settings so that each name includes your broker's suffix. If the names do not match the Market Watch symbols exactly, the EA cannot trade them.
The news filter and the automatic GMT detection fetch data online. In MT4, open Tools, Options, Expert Advisors, enable WebRequest for listed URLs and add the addresses given on the product page: timesrv.online, valerytools.com and valeryservice.com. Without this the news data may not load.
Yes. You need the news events data file supplied by the vendor, copied into the Common Files folder of MetaTrader. Reliable tick data is recommended, and the test server time should match the GMT offset and US daylight saving rules used by most brokers. Backtest results do not predict live results.
This page is for MetaTrader 4. A separate build exists for MetaTrader 5, so do not try to load this one in MT5.
No. The default settings are stored in the EA. Check the inputs on the chart after loading and adjust risk and lot sizing to suit your account.
News Catcher Pro
Notify me at launchQuestions about this tool?
Ask us on Telegram Install guide for MT4 and MT5 Get a custom version builtFree, practical help with testing, sizing and running expert advisors.
More MT4 tools with a similar focus.
Own News Catcher Pro? Sign in to review it.