Strategy NewsCatcher Lite is meant for trading on Forex markets using JForex platform of the renowned Swiss broker Dukascopy. NewsCatcher Lite can choose the most suitable entry point when volatility rises, opens trades, trails them and closes by takeprofit or trailing stop. Dukascopy is known for the precision of market orders and guarantees real profits from news-based strategies. JForex platform registers the most complete stream of quotes (ticks); strategy is written in Java specifically for this platform.
NewsCatcher Lite is not 100% automated. However this strategy can significantly simplify the tasks of a trader who relies on news. NewsCatcher Lite is not a simple script which executes operations according to commands from a trader. It is a good trading strategy based on price reversals.
Indicator RSI (relative strength index) is not utilized in the algorithm of automatic opening and closing of trades; it indicates zones of overbought and oversold markets.
Technical analysis takes into account price levels, whereas the price moves from one level to another. One global feature of these movements is that before overcoming a level the price first tests it. It means that price touches the level and moves backwards creating a point of reversal (or a price reversal). Such reversals take place regularly on any time frames and instruments and constitute the very nature of oscillatory movements of the price. Usually a trader may only guess where the price is going to create another point of reversal. Trader may only forecast a probably entry point, whereas real market order is almost certain to be premature.
This is where NewsCatcher Lite comes in handy. Upon reaching a level specified by the dashed line (which may be moved manually), the strategy memorizes the current level and automatically pushes the line further. The price keeps on moving, it is not a reversal yet, so the strategy keeps on moving the line. As soon as the price stops moving in this one direction and makes a sure reversal, NewsCatcher Lite closes a cycle and opens a trade. So an automatic entry by the strategy NewsCatcher Lite will always be more precise then a manual one by trader. This is especially true because during a period of increasing volatility you have to open multiple trades, and the strategy executes this task better as it is not wearing any emotional burden.
Strategy is recommended for use with any currency pairs and any timeframes. Amount of orders can set as a fixed value or as a percentage of the equity (specifying the % symbol at the end). It can be combined with other strategies and used with multiple charts. NewsCatcher Lite always works only with its own trades.
NewsCatcher Lite is very handy as all operations can be controlled using special buttons placed on the chart.
Entry is done on the fly (without pending orders). Closing is done by takeprofit or trailing stop which are calculated automatically. NewsCatcher Lite can also close a trade once it reaches a zero profitability. This function is helpful when you don´t have time to wait an appropriate time to close one or multiple trades.
Upon purchase you receive a link to a ZIP-archive which includes a detailed help file (English version) and a compiled copy of the strategy to be used without registration on any demo account. To trade on a real account you will need to send an e-mail to the developer and have you copy registered. You may only register one account for half a year (another one free half a year later and so on).
Pirate copies will be easily tracked and blocked. Any action violating proprietory rights of the developers will be easily tracked and entail a conflict. Any malicious action of a customer or a prospective customer will be easily tracked and entail a conflict.
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