Forex News Scope Expert Advisor

Forex News Scope Expert Advisor is One of The Most Successful Expert Advisors

Forex News Scope Expert Advisor is a professional version expert advisor. We have developed this EA for the traders who prefer to trade during high-impact news.

Forex News Scope Expert Advisor 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.

News Scope EA PRO Features:

Recommendations

Recommended timeframe: M1

Recommended backtest method: M1 by every tick

Supported currency pairs: EURUSD, GBPUSD, AUDUSD, USDCAD, and USDJPY

We have prepared set files for supported pairs. You can find individual .set files for each supported currency pair below in the section “.Set Files For Each Supported Currency Pairs”. If you want to use the robot please download the .set files and load them correctly in the robot settings. If you use the automatic installer of News Scope EA PRO all the .set files will be automatically installed in your MT4 terminal. In this case, you don’t need to download them manually.

Please, make sure that you have loaded the set files for each individual currency pair!

IMPORTANT! Use “News Scope EA PRO” only on well-known ECN brokers with a 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 Live Performance

You can check News Scope EA PRO Live performance in FULLY VERIFIED MYFXBOOK ACCOUNT by clicking over the charts.

Money Management

News Scope EA PRO comes with Money Management System. You can set risk in percents and the robot will automatically calculate the lots according to 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.

Configure MT4 terminal to allow WEB Requests to the following url: http://www.fxautomater.com You can find it in: MT4 terminal -> Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL (check the image below):

This is very important! This is the only way for the News Filter to work properly. The information for the coming News and Events is on my website and you have to give permission to the MT4 terminal to allow connections to my website.

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 weekdays. This is a very powerful option that will let you catch the best moments/movements to place a pending order. Usually, it is good to place pending orders just before news and events. When big movements are expected.

E-mail and Push Notification System

News Scope EA PRO will inform you about all actions performed in your account. It is easy to set up your terminal to receive these notifications. News Scope EA PRO can send an email and push notifications to your mobile phone and inform you about its trades. By default these options are disabled. Please read below News Scope EA PRO Settings to learn how to enable Email and Push notifications.

News Scope EA PRO Settings

==== Risk Management ====

==== General Settings ====

==== Pending Orders Settings ====

==== Time Management System ====

There are 5 slots for setting custom time for placing pending orders. For example, the news will be at 11:30 then you can set TradeHour_1=11 and TradeMinute_1=29. The EA will place pending orders 1 minute before the news time.

==== GMT Settings ====

==== News Filter Settings ====

==== Notifications ====

Configure MT4 terminal to allow WEB Requests to the following url: http://www.fxautomater.com Only this way the news filter will be able to work properly!

You can find it in: MT4 terminal -> Tools -> Options -> Expert Advisors -> Allow WebRequests for listed URL (check the image below):

News Scope EA PRO Backtest Result

Below you can check the backtest result of our forex robot – News Scope EA PRO – on the following currency pairs GBPUSD, EURUSD, AUDUSD, USDCAD, and USDJPY.

Tested with Dukascopy real tick data – variable spreads!

GBPUSD

Period: 2009-2020

Risk: Fixed Lots

Deposit: $5000

EURUSD

Period: 2003-2020

Risk: Fixed Lots

Deposit: $2000

EURUSD

Period: 2015-2020

Risk: Fixed Lots

Deposit: $5000

USDCAD

Period: 2010-2020

Risk: Fixed Lots

Deposit: $5000

USDCAD

Period: 2016-2020

Risk: Fixed Lots

Deposit: $5000

USDJPY

Period: 2010-2020

Risk: Fixed Lots

Deposit: $5000

Tested with Alpari ECN real tick data – variable spreads!

USDJPY

Period: 2015-2020

Risk: Fixed Lots

Deposit: $5000

How to get started with News Scope EA PRO

You can download, install, and use News Scope EA PRO during your next trading session. You can do this in less than 5 minutes.

Download

Download News Scope EA PRO with a few clicks.

Install

The installation process takes no longer than 2 minutes.

Start Trading

Start trading immediately in your next trading session.

How to backtest News Scope EA PRO

If you wish to back-test News Scope EA PRO, first you should download history from the MetaTrader history center: click Tools -> History Center, or press the “F2” key of the keyboard. In the list, find the currency pair that you wish to back-test and double click to expand it. Click “1 Minute (M1)” and then click “Download”. When the download process is finished, double click on “5 Minutes (M5)” and “15 Minutes (M15)” to convert the M1 data (repeat this for the rest of the time frames). Close the “History Center” window. Restart the MT4 terminal in any case. Check the below image!

To open the “Strategy Tester” window click the “Strategy Tester” button of the MetaTrader menu, or press “Ctrl+R” on the keyboard. In the “Strategy Tester” window choose News Scope EA PRO, choose one of the supported currency pairs, choose M1 timeframe, choose the method “Every tick …”, as shown below. Click “Start” to start the back-test.

IMPORTANT! When you test News Scope EA PRO for the first time on a strategy tester, the EA may download a big CSV file with news for the past years. Therefore the strategy tester may freeze. If after clicking the start button you don’t see any activity please stop the test and restart the terminal. This should fix the problem. After this test again. This time everything should be fine.

Set Files For Each Supported Currency Pairs

Below you can find individual .set files for other supported currency pairs. If you want to use the robot on other pairs please download the .set files from the below list and load them correctly in the robot settings.

If you use the automatic installer of News Scope EA PRO all the .set files will be automatically installed in your MT4 terminal. In this case, you don’t need to download them manually.

News Scope EA PRO is COMPATIBLE WITH MAC OS and Windows OS!

News Scope EA PRO is compatible with the most well-known and used Operating Systems Mac OS + Windows OS. Our developers have been working very hard to adapt News Scope EA PRO to be compatible with all popular Operating Systems. Mac OS and Windows are the most popular OS around the world and therefore we have developed News Scope EA PRO to be compatible with them.

Why choose News Scope EA PRO?

One of the main reasons to purchase and use News Scope EA PRO is that it is a fully automated and easy-to-use expert advisor (forex robot), which will help you during the live trading and growing your account balance. News Scope EA PRO is a low-risk strategy. It comes with a new ATR-based Stop Loss calculating algorithm which decreases the drawdown and increases the Profit Factor. All future News Scope EA PRO updates will be free for you, and you will get professional support from our team.

News Scope EA PRO is a very powerful trading system that includes the most important features and system you need for risk-free trading: Money Management, Broker Protection, Spread Protection, Highly effective Exit by Trailing Stop & Back-tick detection, Multi-Currency Trading, Advanced Time Management, News Filter, Grid System, Email and Push Notification System and etc.

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