News Catcher Pro EA MT4 v4.24 with SetFiles (Platform 1444+)
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What is News Catcher Pro EA?
News Catcher Pro EA employs a mean reversion approach, leveraging seasonal intraday volatility patterns triggered by significant news events. The Expert Advisor (EA) strategically enters the market just before such events occur, focusing on GBPUSD, EURUSD, EURGBP pairs and operates within the M5 timeframe. Trading frequency is selective, targeting optimal opportunities.
➡️ Vendor website: View here
About the Author
This product is compiled by Valeriia Mishchenko. This Russia author has more than +4 years of experience working on MQL5 with many famous products such as News Catcher Pro MT4, News Catcher Pro MT5, Night Hunter Pro, Evening Scalper Pro, Perceptrader AI and other products. Among them, News Catcher Pro MT4 is his best performing product.
News Catcher Pro Overview
Key Features of News Catcher Pro for MT4
🔹Mean reversion strategy: Focuses on taking advantage of market movements that tend to revert to the mean after high-impact news events.
🔹News filter: Identify and react to high-impact news events (Can be used for backtesting).
🔹Single chart setup: Manage trades across multiple currency pairs using a single chart.
🔹Professional risk management: Set Take profit (TP) and Stop loss (SL) targets based on market movements.
Additional Features
🔹Backtesting and solid live performance: Allows for real-time historical and trade testing.
🔹Automatic GMT detection: Automatically adjusts to your time zone.
🔹Trade control: Enable/disable buy/sell, hedge and set maximum open positions.
🔹Position management: Define position holding time and Friday closing time.
🔹Professional management system integration: FIFO system integration supports professional system management.
News Catcher Pro MT4 Review
1. News Catcher Pro EA Signal Results:
The News Catcher Pro EA achieved impressive profit performance when trading with GBPUSD, EURUSD, EURGBP pair. Trading results on real account for 84 consecutive weeks of trading:
✅ Initial Deposit: $200
✅ Growth Rate: +91%
✅ Win Rate (% of total): 95.4%
✅ Maximum Drawdown: 18.3%
News Catcher Pro Real Trading Results
2. News Catcher Pro MT4 Backtest:
News Catcher Pro passes backtesting tests in the years 2008 – 2024 showing unlimited profit potential in the future. At the same time, the advisor is optimized and uses professional trading strategies, the drawdown risk level is maintained at 10%.
News Catcher Pro MT4 Review
News Catcher Pro MT4 Review
User Reviews and Feedback
The News Catcher Pro shows significant potential in providing stable and reliable profits, making it a reliable tool in the forex market. The advisor is highly appreciated by the MQL5 community in many aspects and has won the trust of users.
News Catcher Pro is highly rated by the MQL5 Community
What is News Catcher Pro’s trading strategy?
🔹News event focus: Enter and exit trades around high-impact news events.
🔹Price channels: Use price channels (PCh) to identify potential entry and exit points.
🔹Daily ATR: Look at the Average True Range (ATR) for volatility-based Stop loss and Take profit levels.
🔹Time management: Limit the time you hold a position and stop trading before the weekend.
Recommended settings
Recommended settings and parameters to pay attention to from developers and experts:
| Features | Type |
|---|---|
| Trading platform | MetaTrader 4 (MT4) |
| Currency pairs | GBPUSD, EURUSD, EURGBP |
| Times frames | M5 (5 minute chart) |
| Minimum / Recommended deposit | $100 |
| Setup files | Available |
| Product type | NoDLL / Fix |
| Additional services | Unlock and Decompile |
| Recommended brokers | Exness Broker, Icmarkets Broker |
| Recommended VPS | MyfxVPS.com ( Blue VPS, Golden VPS). Lowest Latency, 2 week Free Trial, 100% Free for 12-18 Months. |
➡️ Reviewed by David Easton
Product Download Package?
The download package of the product suite includes:
1. Experts:
✅ News Catcher Pro EA V4.24_fix.ex4
2. SetFiles:
✅ NCP_Default.set
✅ NCP_Trail_ProfLimit.set
✅ NCP_Trail_ProfLimit_AddTrades_Hedging.set
Conclusion: Master Market Volatility with News Catcher Pro EA for MT4
In short, News Catcher Pro provides a sophisticated mean reversion strategy for high-impact news events. With its 95.4% win rate and ATR-based risk management, it stands as a premier Forex robot. Trade GBPUSD and EURUSD with institutional precision.
User Reviews
Only logged in customers who have purchased this product may leave a review.
❓ What is News Catcher Pro MT4 and how does it work?
News Catcher Pro MT4 is a professional automated trading Expert Advisor (EA) developed by Valeriia Mishchenko. It utilizes a mean-reversion strategy that targets intraday seasonal volatility patterns triggered by high-impact news events. Unlike typical news EAs that chase breakouts, this robot enters the market strategically to capitalize on price corrections.
❓ Which currency pairs are supported by News Catcher Pro MT4?
The News Catcher Pro MT4 EA is highly optimized for three major currency pairs: GBPUSD, EURUSD, and EURGBP. These pairs are chosen for their high liquidity and predictable behavior during economic news releases like NFP, CPI, or Central Bank announcements.
❓ Does News Catcher Pro MT4 use risky strategies like Martingale?
By default, News Catcher Pro MT4 does not use Martingale or Grid strategies. It is designed as a safe system where every trade is protected by a fixed Stop Loss (SL). However, it does feature an optional "Recovery Mode" for experienced traders who wish to use a grid-based approach to recover losses faster.
❓ What is the recommended timeframe for News Catcher Pro MT4?
For optimal performance, News Catcher Pro MT4 must be attached to the M5 (5-minute) timeframe. The developer recommends using a "One Chart Setup," meaning you only need to open one EURUSD M5 chart to manage and trade all supported currency pairs simultaneously.
❓ What is the minimum deposit for News Catcher Pro MT4?
The minimum deposit to start trading with News Catcher Pro MT4 is $100 on a standard account. For those using the aggressive recovery settings, a balance of $500 to $1,000 is recommended to maintain a safe margin level and handle potential drawdowns during high volatility.
❓ Is News Catcher Pro MT4 Prop Firm and FIFO compatible?
Yes, News Catcher Pro MT4 is fully FIFO and Prop Firm compatible (e.g., FTMO, FundedNext). It includes specific settings to ensure compliance with strict daily loss limits and "No Martingale" rules required by funded account providers.
❓ How do I set up the News Filter in News Catcher Pro MT4?
To enable the advanced news filter in News Catcher Pro MT4, you must allow WebRequests in your MT4 terminal settings. Add URLs like https://ec.forexprostools.com and http://timesrv.online to ensure the EA can track real-time economic calendars.
❓ Does News Catcher Pro MT4 support Auto GMT Detection?
Yes, News Catcher Pro MT4 features Auto GMT detection. This is crucial for news trading as it ensures the EA perfectly syncs your broker's server time with the global economic news release schedule, preventing trades from opening at the wrong time.
❓ Why is a VPS mandatory for News Catcher Pro MT4?
A Forex VPS is mandatory for News Catcher Pro MT4 because the EA needs to monitor news events 24/7. Since news-driven volatility happens in milliseconds, a low-latency VPS ensures that trades are executed instantly without slippage caused by home internet delays.
❓ Can I backtest News Catcher Pro MT4 with historical news data?
Yes, News Catcher Pro MT4 allows for high-quality backtesting. To do this accurately, you must download the "NewsEvents.txt" file from the developer and place it in the MT4 Common Files folder. This enables the Strategy Tester to simulate how the EA reacted to historical news events from 2008 to 2026.
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