NewsCatcher Pro (By tsinandali)
The user has deleted this system.
NewsCatcher Pro Discussion
Nov 12, 2016 at 06:49
793 Views
18 Replies
Member Since Jul 11, 2015
12 posts
Nov 30, 2016 at 12:32
Fundamental and automated - so far so good
Member Since Dec 04, 2010
1557 posts
Dec 06, 2016 at 12:33
is this running with just the default settings? i.e. only the highlighted news events under the forexfactory calender or the other calendar?
Member Since Jul 11, 2015
12 posts
Dec 06, 2016 at 12:53
Yes it has default settings. It is not news, it is economic data published regularly same time: retail sales m/m, michigan consumer sentiment etc.
Member Since Dec 04, 2010
1557 posts
Dec 06, 2016 at 13:30
cool I know there are many more events in a month so just checking the low number of trades was because it's just trading on events with the likelihood of bigger moves and that is the default settings. I am trying it out now.
Member Since Jul 11, 2015
12 posts
Dec 10, 2016 at 08:49
Waiting for the FRS decision!! Should hit over 117.40 for USDJPY!!
Member Since Dec 04, 2010
1557 posts
Dec 10, 2016 at 09:03
I notice for each event it has vol=0.1 does this mean the risk is 10% per trade? i.e. it uses a lot size that based on the hard Stop Loss risks 10% of the account per trade? cheers
Member Since Jul 11, 2015
12 posts
Dec 10, 2016 at 09:06
For 10 USD, a volume of 0.1 means a risk of 0.1%
Member Since Dec 04, 2010
1557 posts
Dec 10, 2016 at 09:09
so the standard settings for the EA are risking 0.1 percentage point of the account? that seems extraordinary low, I just noticed the SL seems to be being placed a long distance from entry, so it seemed that it was actually 10% of the account at risk. can I email you privately and send you a screen shot to show you what I mean. thanks.
Member Since Jul 11, 2015
12 posts
Dec 10, 2016 at 09:11
It was going to close using the zero function of the EA on Friday. I pulled the stoploss away because I believe it is the right direction for USDJPY awaiting for the FRS decision next week!!
Member Since Dec 04, 2010
1557 posts
Dec 11, 2016 at 23:08
sorry I was referring to my own account, when I use strategy one of the pending orders, it seems to be placing a very large SL, which would represent much more than a 1% loss of the account if hit. please PM your email. cheers
Member Since Dec 04, 2010
1557 posts
Dec 15, 2016 at 03:30
Is the SL 200 pips. I am finding that for instance with FOMC decision I selected the str1 option with the pending orders, it had vol=0.1% I thought this mean it was risking 1% or 0.1% of the account size where it would set the SL. However it opened 0.18 lots on a $1,500 account and set a 200 pip Take profit and 200 pip SL. The SL size is insane for a news trading EA? Can you explain am I missing a setting somewhere? why is SL so large?
Member Since Jul 11, 2015
12 posts
Dec 15, 2016 at 05:29
Like I said: over 200 pips!!
Member Since Jul 11, 2015
12 posts
Dec 15, 2016 at 05:40
aeronthomas posted:
Is the SL 200 pips. I am finding that for instance with FOMC decision I selected the str1 option with the pending orders, it had vol=0.1% I thought this mean it was risking 1% or 0.1% of the account size where it would set the SL. However it opened 0.18 lots on a $1,500 account and set a 200 pip Take profit and 200 pip SL. The SL size is insane for a news trading EA? Can you explain am I missing a setting somewhere? why is SL so large?
It is the winning strategy!! See this account. You can always change your settings if you are not sure!!
Member Since Dec 04, 2010
1557 posts
Jan 17, 2017 at 11:18
tsinandali posted:I can't see where I can set the SL amount though? and if I use the vol setting it doesn't translate to a small SL, only huge 200 pips SL which is very large for news trading...aeronthomas posted:
Is the SL 200 pips. I am finding that for instance with FOMC decision I selected the str1 option with the pending orders, it had vol=0.1% I thought this mean it was risking 1% or 0.1% of the account size where it would set the SL. However it opened 0.18 lots on a $1,500 account and set a 200 pip Take profit and 200 pip SL. The SL size is insane for a news trading EA? Can you explain am I missing a setting somewhere? why is SL so large?
It is the winning strategy!! See this account. You can always change your settings if you are not sure!!
Member Since Jul 11, 2015
12 posts
Jan 18, 2017 at 10:00
aeronthomas posted:
I can't see where I can set the SL amount though? and if I use the vol setting it doesn't translate to a small SL, only huge 200 pips SL which is very large for news trading...
You set all the parameters in the view of any event. Click it to see. Starting from the version 7.0 you can also use the global properties available via the MT4 menu > EA Properties.
Member Since Jul 11, 2015
12 posts
Jan 18, 2017 at 10:00
gmxtrader posted:Find a good broker. Any renowned should be good.
i see that most of the brokers freeze mt4 during news. how the ea will handle this?
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 06:28
tsinandali posted:okay definitely global properties will be a big advantage rather than setting for each event individually. cheersaeronthomas posted:
I can't see where I can set the SL amount though? and if I use the vol setting it doesn't translate to a small SL, only huge 200 pips SL which is very large for news trading...
You set all the parameters in the view of any event. Click it to see. Starting from the version 7.0 you can also use the global properties available via the MT4 menu > EA Properties.
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