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News Catcher Pro is an MT5 expert advisor that places infrequent mean-reversion trades shortly before high-impact news on EURUSD, GBPUSD and EURGBP. It runs from a single M5 chart and needs a hedging account.
Get one message the moment it launches, with its price.
News Catcher Pro is an expert advisor for MetaTrader 5 that trades a narrow, repeatable idea: price often behaves in a characteristic way in the hours around scheduled high-impact news, and the EA tries to take a mean-reversion position shortly before the release. It is not a high-frequency system and may stay idle for long periods.
The EA monitors a news calendar and opens a trade at a set time before a qualifying event. Entry levels are based on a price channel, so the logic sits close to a support and resistance approach: the EA looks for price stretching towards the edge of a channel and positions for a return towards the middle. Take profit and stop loss are not fixed pips but a percentage of the daily ATR, so they scale with current volatility. Open trades also have a maximum holding time, counted in M5 bars, and all positions are closed at a chosen hour on Friday.
The supported pairs are EURUSD, GBPUSD and EURGBP, and the EA is built for the M5 timeframe. Attach it to one M5 chart only, with EURUSD recommended. Use the listed pairs rather than adding others, since the logic is tuned for them.
All defaults are stored inside the EA. The main groups of inputs are listed below. Check the exact names and default values in your terminal.
| Group | What it controls |
|---|---|
| Lot-sizing method | Fixed lots, dynamic lots per balance or equity, maximum risk per trade, or predefined presets |
| Limits | Maximum lot, maximum spread, maximum slippage, number of symbols at once, net currency exposure |
| Direction | Allow buy, allow sell, allow hedging on the same symbol |
| Protection | Minimum free margin percentage, maximum floating drawdown and the action taken when it is reached |
| Strategy | Symbol list, channel period and offset, ATR period, holding time, Friday stop hour, take profit and stop loss as ATR percentage |
| News | Filter on or off, minutes before and after events |
| Other | Trade comment, instance number, info panel, GMT and DST detection or manual values |
Lot size is the main risk lever. Start with a small fixed lot or a conservative risk percentage on a demo account, and confirm that spread limits suit your broker. News events can bring wide spreads, slippage and gaps, so execution quality matters.
Trading carries risk, and you can lose some or all of your deposit. Backtest and demo results do not predict future results. Test thoroughly and only risk money you can afford to lose.
For backtesting, place the news events data file from the author in the common Files folder and use quality tick data with a GMT+2 server time that follows US daylight saving.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (hedging account required) |
| Strategy focus | Support and resistance |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor |
| Strategy | Mean reversion around news, price channel levels |
| Markets | EURUSD, GBPUSD, EURGBP |
| Timeframe | M5 (attach to one chart only) |
| Trade frequency | Low, tied to scheduled news events |
| Stops and targets | Volatility-based, set as a percentage of daily ATR |
| Requirements | VPS, ECN broker preferred, WebRequest allowed |
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This listing is for MetaTrader 5. The EA will not load in MT4. If you trade on MT4, look for the separate MT4 edition of the product.
It needs a hedging account. Netting accounts are not suitable. A low-spread ECN-style broker is preferable, and the EA should run continuously, so a VPS is advisable.
Only one. Attach the EA to a single M5 chart, with EURUSD recommended. It manages the other supported pairs from that chart. If your broker adds a suffix to symbol names, enter the suffixed names in the symbols parameter.
The EA uses web requests for news data and GMT detection. In MetaTrader go to Tools, Options, Expert Advisors, tick the option to allow WebRequest and add the addresses given by the author, which include timesrv.online, valerytools.com and valeryservice.com. Without this, the filter and automatic GMT detection may not work.
No. The default settings are stored inside the EA. You can still change lot sizing, risk limits and filters in the inputs, but check each value on a demo account first.
Yes, but you need the news events data file supplied by the author placed in the common Files folder of the terminal. Use good-quality tick data and a broker-style GMT+2 time zone with US daylight saving, as most brokers use.
News Catcher Pro MT5
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