The EA NewsCatcher Pro (previously Multivalut) is used for trading on Forex markets using the platform MetaTrader 4. NewsCatcher Pro is capable of derutinizing the process of trading several currency pairs. It opens deals when economic data is released.
Latest update May 10, 2016. Now the EA shows next events in the chart, so it is no longer required to look at the calendar page to know what is going to happen next. The new parameter SLIP monitors the value of spread, and if this value becomes to big (the market is agonizing), the EA tries to close any pending orders. The new parameter STOPS_FOLLOW_PRICE allows the EA to modify not only the open price, but also target values of stoploss and takeprofit.
4 calendars are available: 1) full, 2) popular, 3) conservative, and 4) custom. Popular calendar includes data voted by users on the calendar page http://mt4.numerika.ru/en/. Conservative calendar includes data recommended by savvy traders. Custom calendar allows to tag only pieces of economic data that you want to trade.
The EA goes online and downloads economic calendars for the current week from mt4.numerika.ru. You do not have to use this website to work with the EA, though. You may rely on your preferred sources of economic information.
NewsCatcher Pro opens two stop orders before a piece of economic data is released. If data for different currency pairs is released simultaneously and you set a multi-currency trade mode, NewsCatcher Pro will easily handle when and what should be opened, traced and closed. The EA will update stop orders if the price moves substantially before data is released. If the market does not make a move for a predefined period of time, NewsCatcher Pro will remove orders.
NewsCatcher Pro can trace its deals using a simple trail or a trail based on iParabolic. You can set your value for the simple trail. You can use both trails at a time. Takeprofits are either defined by a value (for example, takeprofit=200) or calculated automatically for nearest 4-hour extrema.
Takeprofits and stoplosses are set in two stages: the EA first opens a deal and then it modifies target levels. Thus, the EA can trade in any execution environment. The EA can handle both usual and extended price quotes. Lot can be either be set as a fixed value or as a percentage of available equity. You add the percentage sign % at the end for the latter. With NewsCatcher Pro, you can trade several currency pairs from one chart.
The market is often agonizing when actual data differs from the expected forecast. This is when the direction of stop orders does not matter. The most important thing is to open orders and then remove those, which never worked, in due time It´s this important function which is easily handled by NewsCatcher Pro.
You can test NewsCatcher Pro in the Strategy Tester of MetaTrader 4. As MetaTrader 4 has limitations, you can only test one currency pair at a time. Thus, you can only get real results from live trading (either demo account or live account).