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First Shot

The Expert Advisor is a trend scalper.

The martingale is not used.

The strategy is based on defining the volatility level change as compared to a certain time period in the recent past. When a price movement becomes unusually active within a certain time period up to this point, the EA begins its work. A simple Moving Average serves as a movement direction filter.

The EA settings allow limiting its operation during spread and slippage expansions.

A trading lot is calculated depending on a stop loss. The smaller the stop loss, the larger the lot. When a trade is closed by a stop loss, you lose a deposit % set in MaxRisk.

Recommended instruments:

  • GBPUSD M5;
  • EURUSD M5;
  • USDJPY M5;
  • USDCAD M5.


Parameters

  • Comment to order - comment to orders;
  • MaxRisk - maximum risk per trade;
  • if MaxRisk = 0, Lot will be - lot size if MaxRisk=0;
  • Max orders in the market - maximum number of simultaneously opened orders;
  • Take Profit - take profit;
  • Stop Loss - stop loss;
  • MA-period - MA period;
  • Enable trailing-stop - enable trailing stop;
  • Trailing Start - trailing stop start;
  • Trailing Step - trailing stop step;
  • Max Spread - maximum spread;
  • Slippage - maximum slippage level;
  • Magic - magic number for distinguishing orders.


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Valeriia Mishchenko
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News Catcher Pro is a mean-reversion strategy that uses intraday seasonal volatility patterns caused by high-impact news events. It enters the market at a certain time shortly before a high-impact news event occurs . It does not trade frequently! Supported currency pairs: GBPUSD, EURUSD, EURGBP Recommended timeframe: M5 MT5 version can be found here EA is   FIFO compatible To backtest the EA you should download the news events data file ' NewsEvents.txt ' and copy it to the common MT4/5 dir
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Exler Consulting GmbH
4.43 (7)
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IMPORTANT: Please contact me after buying or renting for the correct key paramter.  Before you buy a night scalper please be aware of the risks involved: Past performance is no guarantee of future profitability (the EA could also make losses).  The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading. Any mean reversion can get caught on the wrong side of a fast movements due to unexpected news or flas
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The indicator determines the support/resistance lines on three timeframes simultaneously: one TF smaller; current TF; one TF higher. In addition to the support/resistance lines, the indicator identifies the reversal points (wave peaks): red dots - peaks on the smallest timeframe; yellow points - peaks on the current timeframe. Support: https://www.mql5.com/en/channels/TrendHunter Parameters Show trend line - show the main trend line. Main Trend Line Color - color of the trend line. Show trend te
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