News Scope EA PRO

Overview of News Scope EA PRO

• This is a fully automated trading system designed for high-impact news trading.
• It utilizes economic news releases to capitalize on market volatility, potentially yielding significant pips in a matter of seconds! 💥
• Developed for use on MetaTrader platforms including MT4 and MT5.

Key Features

• Semi-automated and fully automated trading modes available.
• Precise time and news detecting filters to ensure optimal trading decisions.
• High spread detection filter to manage trade entries effectively.
• Support for single or multiple-cascade orders, enhancing trading flexibility.
• Trailing stop and back-tick detection for exit strategies.
• Dedicated modes for specific key events like NFP and FOMC.
• Customizable time management features for tailored trading sessions.

Supported Currency Pairs

• EURUSD
• USDJPY
• USDCAD
• AUDUSD
• GBPUSD

Recommended Usage Settings

• Optimal timeframe for trading: M1
• It's crucial to use this EA on well-known ECN brokers with a good reputation for low spreads and fast execution.
• Utilize the provided .set files for each currency pair to achieve the best results.

Performance Insights

• Users often experience quick gains of over 20 pips, and in some exceptional cases, even more than 100 pips within seconds during major news events.
• Continuous improvements in broker conditions result in narrower spreads during high volatility moments, enhancing profit opportunities.
• However, traders should be wary of potential liquidity issues which can lead to slippage and execution delays.

Conclusion

• For traders who are keen on news trading, the News Scope EA PRO stands out as a robust tool to navigate the volatile landscape of the Forex market. 🚀
• With automated features and detailed settings to fine-tune trading strategies, it eases the burden off traders and maximizes opportunities.