Advisor NewsCatcher Lite for Forex trading using MetaTrader 4. NewsCatcher Lite (pronounced "News kecher light" and translates to English as "catcher of news, lighter version") knows how to choose the most appropriate moment for the opening of the transaction during the period of increasing volatility, It opens a deal trawls and closes her TakeProfit or trailing stop.
Caution This version of the advisor will work in build 568 or older. If your broker uses MetaTrader 4 earlier build, after the purchase request another version of the advisor.
NewsCatcher Lite can not work in a fully automatic mode. However, the adviser is able to greatly simplify the work of the trader, trading on the news. NewsCatcher Lite - is not just a script that commits the necessary operations team trader. This whole strategy, which is based on the trade of so-called price spreads.
Indicator RSI (relative strength index) is not entered in the algorithm for automatic opening and closing, but is used to identify overbought and oversold zones.
Technical analysis takes into account price levels and price movement comes from level to level. A characteristic feature of this movement is that before to overcome another level, the price is testing it first. That is, first the price for the level, and then immediately moves in the opposite direction - that is a price reversal. Such reversals happen all the time, on any timeframes and instruments constitute the very nature of the oscillatory movement of the price.
Often, a trader can only guess at what point the price will make the next turn. In most cases it is possible to predict the approximate point of entry, while the actual discovery (eg, over exposed trader pending order) is inaccurate.
This is where the aid comes NewsCatcher Lite. Upon reaching the said trader level (dotted line in the chart, the trader suffers manually) Advisor remembers the current level and automatically pushes it a little further. Price continues to move, a reversal has not occurred, and adviser in the meantime continues to shift level. Once the price stops moving and makes sure turn, NewsCatcher Lite opens and closes the cycle of the transaction. Therefore, automatic login advisor NewsCatcher Lite is always more accurate than manual entry trader. This is especially true given the fact that during the period of increasing volatility need to open multiple trades, and advisor to cope with this work better, first of all, because it is not susceptible to emotional stress.
For more detailed instructions on using the adviser NewsCatcher Lite, including the necessary illustrations contained in the body of the "Instructions for work." Recommended for use on all currency pairs, any timeframes and any brokers. It offers convenient to specify a fixed value or a percentage of the deposit (after the value you just need to add a% sign). You can combine with other advisors and work with multiple tools. Advisor NewsCatcher Lite always works only with their transactions.
Advisor NewsCatcher Lite very convenient, because all operations can be performed by simply transferring special radio buttons located directly on the chart.
Entering the market is carried out "on the fly" (without the pending orders), while in the case of repeated re-quotes adviser stops and starts a new cycle. Closing (by TakeProfit or trailing stop) takes place on order, which the adviser calculates and sends to the server automatically.