About News Scope EA Pro
News Scope EA Pro is a professional version expert advisor. We have developed this EA for the traders who prefer to trade during high impact news.
News Scope EA PRO is a very effective and potentially highly profitable strategy for high impact news trading. Usually, when a major news event occurs, the price spikes in one, or both directions and this creates an opportunity for short-term scalping. If the magnitude of the price movement is strong enough, the trader cold gain 20, or in some rare cases even more than 100 pips in a few seconds. Of course, nothing is perfect and the liquidity issues in such high volatility moments could lead to spread increase, execution delay and slippage. However, in the last years the brokers conditions improves continuously and the spreads during major news events are lower than ever. This creates a good opportunity for profitable news trading.
Recommended timeframe: M1
Recommended backtest method: M1 by every tick
Supported currency pairs: EURUSD, GBPUSD, AUDUSD, USDCAD and USDJPY
IMPORTANT! Use “News Scope EA PRO” only on well-known ECN brokers with good reputation. If you notice repeatedly unusual spread increase, too high slippage, or execution delay, you should not use News Scope EA PRO on this broker anymore.
News Scope EA PRO comes with Money Management System. You can set a risk in percents and the robot will automatically calculate the lots according the risk and your account free margin
ADVANCED NEWS FILTER
News Scope EA PRO is equipped with Advanced News Filter. Thanks to this filter the EA can place pending orders at the right moment – usually just before the news time. The news filter can be configured precisely from the EA settings.
EXIT BY TRAILING STOP & BACK-TICK DETECTION
News Scope EA PRO is equipped with Trailing Stop and Back-tick detection systems. Both systems are very useful. They improve the EA performance and protect the profit of the account.
ADVANCED TIME MANAGEMENT SYSTEM
With the Time Management System you can precisely configure News Scope EA PRO to place pending orders only during specific hours and minutes. You can also configure the EA to place pending orders or not on individual week days. This is a very powerful option which will let you catch the best moments/movements to place pending order. Usually it is good to place pending orders just before news and events. When big movements are expected.