1 Real and 3 Demo Accounts.
Only well-known ECN brokers with a good reputations are Compatible. Brokers producing repeatedly unusual spread increases, too high slippage, or execution delay, should not be used with News Scope EA PRO.
We recommend Installing News Scope EA PRO on TradingFX VPS Forex VPS and using it for trading on an account of Tickmill, Alpari, or IC Markets Forex brokers for the best stability and profitability.
News Scope EA PRO is Compatible with MAC OS and Windows OS.
FREE Lifetime Updates.
Professional 24/7 Client Support via Email.
60-Day Money-Back is Guaranteed by the EA Vendor FXAutomater.
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 on 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 on the MetaTrader menu, or press "Ctrl+R" on the keyboard. In the "Strategy Tester" window chose News Scope EA PRO, chose one of the supported currency pairs, chose M1 timeframe, and chose 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 the 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.
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 could gain 20, or in some rare cases even more than 100 pips in a few seconds.
While, the liquidity issues in such high volatility moments could lead to spread increase, execution delay, and slippage, brokers' conditions have continuous improvement in the last years making the spreads during major news events, lower than ever, creating a good opportunity for profitable news trading.
Exit by a trailing stop, or back-tick detection.
Semi-automated and fully automated modes.
Solid 17-year backtest performance
Multiple currency pairs support.
Precise time and news detecting filters.
NFP and FOMC only trading mode.
Email and Push Notification system.
Friday Exit System.
Single or multiple-cascade order modes.
High spread detection filter.
==== 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):
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