- Home
- Community
- Trading Systems
- NewsCatcher Pro
NewsCatcher Pro (By tsinandali)
The user has deleted this system.
Edit Your Comment
NewsCatcher Pro Discussion
Member Since Jul 11, 2015
12 posts
Member Since Dec 04, 2010
1557 posts
Dec 06, 2016 at 12:33
Member Since Dec 04, 2010
1557 posts
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
Member Since Dec 04, 2010
1557 posts
Dec 06, 2016 at 13:30
Member Since Dec 04, 2010
1557 posts
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
Member Since Dec 04, 2010
1557 posts
Dec 10, 2016 at 09:03
Member Since Dec 04, 2010
1557 posts
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
Member Since Dec 04, 2010
1557 posts
Dec 10, 2016 at 09:09
Member Since Dec 04, 2010
1557 posts
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
Member Since Dec 04, 2010
1557 posts
Dec 11, 2016 at 23:08
Member Since Dec 04, 2010
1557 posts
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
Member Since Dec 04, 2010
1557 posts
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
Member Since Jul 11, 2015
12 posts
Dec 15, 2016 at 05:40
Member Since Jul 11, 2015
12 posts
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
Member Since Dec 04, 2010
1557 posts
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
Member Since Jul 11, 2015
12 posts
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
Member Since Dec 04, 2010
1557 posts
Jan 19, 2017 at 06:28
Member Since Dec 04, 2010
1557 posts
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.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.