Once you load News Catcher Pro on your chart, pop-up box will appear showing the settings of your EA. Make sure that all the settings and alerts are correct before clicking OK.

News Catcher Pro parameters:

• Allow Opening a new Trade - enable/disable opening of new trades. You can disable it while having opened trades to have the EA close trades that are opened, but stop opening new ones after that

• Lot-sizing Method - select the lot sizing method according to the risk you want to take: Fixed Lots will use fixed lot size from the 'Fixed lot' parameter, Dynamic Lots will use 'Dynamic Lot' parameter, Max Risk per Trade will calculate lots based on % risk per trade, and 3 predefined presets will calculate risk automatically for you. When you choose one method you will only use the parameters that refer to it. For example, if you have chosen Dynamic Lots option you should use the 'Dynamic Lot' parameter below. Changing 'Fixed Lot' and 'Max Risk per Trade' won't matter. Also when you choose one of the predefined risk profiles all the three parameters below won't matter
  

• Fixed Lot - fixed trading lot. If you want to have all trades the same fixed lot size, select "Fixed Lots" in the 'Lot-sizing Method' and set here the lot size you want
  

• Dynamic Lot - balance/equity to be used per 0.01 lot. If you want to have for example 0.01 lot size per 100 of your deposit select "Dynamic Lots" in the 'Lot-sizing Method' and set 100 in the 'Dynamic Lot' parameter
  

• Max Risk per Trade - will calculate the lot size, so that risk per trade stays within specified limit. E.g. setting this parameter to 5 will have all trades lose 5% of the deposit in case of hitting SL

• Maximum Lot - maximum allowed trading lot. The EA won't open trades higher than this lot

• Maximum Spread, in pips - maximal allowed spread for position closing. Works rarely, as most of the trades are closed using TP

• Portfolio Mode - allows you to run more than one set file (instance of the EA) and/or my other EAs (instances of Perceptrader AI and Golden Pickaxe) on the same account so that the EAs do not open new initial trades simultaneously.

• Initial Delay for Portfolio Mode, ms - time delay, which will be set automatically based on the UID value. This delay is necessary to ensure one set file recognizes the opened trades of another and skips the trading signal. 
  
  Please note that set files of the same EA must have a unique UID!
  
  For example, if you run 2 set files on the same account and want to prevent the same pair from being opened by both set files simultaneously, then I recommend setting as follows:
  
  First set file: Portfolio Mode=true, UID=
  Second set file: Portfolio Mode=true, UID=1

• Consider WAKA Orders (Portfolio only) - the EA will take into account open trades of WakaWaka in portfolio mode.

• Consider PAI Orders (Portfolio only) - the EA will take into account open trades of Perceptrader AI in portfolio mode.

• Consider GP Orders (Portfolio only) - the EA will take into account open trades of Golden Pickaxe in portfolio mode.

• ML-based Pattern Recognition & Filtering - enable/disable filtering of trades using ML-based candlestick pattern filter. The filter increases the trading quality but reduces the number of trades.

• ML-based Pattern Filter Threshold - the minimal predicted probability that a trade will result in profit.

• Max Floating Drawdown in Money - if the floating drawdown in money exceeds the specified value, the EA will perform actions specified in the 'Max Drawdown Action' parameter. This option can be used, for example, to prevent losses higher than specified by your prop trading firm

• Max Floating Drawdown % for each Symbol, separated by comma - allows you to specify the max. drawdown % separately for each symbol.

• Only One Symbol if Grid reaches this Level [0-disabled] - this option allows you to temporarily reduce the "Maximum Symbols at a Time" to one if an open grid reaches the specified level.

• Do Nothing if During Rollover - set to true if you want to ignore max. drawdown checks during rollover.

• Max Random Delay before sending Orders, sec [0-disabled] - maximum random delay in seconds before sending an order. Values over 15 seconds are not recommended.

• Allow sending SL along with an order (for a non-ECN acc.) - if true, then the EA will send SL along with orders. If false, then SL will be set after the order is sent and executed.
  

• Symbols separated by comma - list of pairs to trade. Suffix needs to be included if your broker uses one! Supported pairs: GBPUSD, EURUSD, EURCHF, USDCAD, USDCHF + CHFJPY, AUDCAD, EURCAD, EURAUD. First 3 ones are the preferred option (like on Best Pairs and MT 5 Extreme signals)

• Hour to Start/Stop Placing Orders - when to start/stop placing pending orders. Set Smart Time Filter to false if you want to optimize these parameters

• Smart Time Filter - enable/disable smart time filter, it is preferred to enable this parameter, unless using custom set files with optimized timing parameters

• Hour to Stop Trading (on Friday) - hour to stop trading (on Friday). All open positions will be closed at this hour. Set it to 22 if you do not want trades to be held over weekends

• New Year Holiday Filter - enable/disable Christmas/New Year filter.  It is recommended to use this filter to prevent low-liquidity market tricks during these holidays

• StopLoss, in pips - stop loss value in standard 4 digit pips. By default are used different optimal SL values for different pairs

• Hide StopLoss - enable/disable SL hiding. You may use this option to hide your real SL from the broker

• Rollover Time Filter - enable/disable the rollover filter

• Swap Filter - cancels trading on Wednesday evening in the direction of the negative swap or cancels trading on every day when swap is exceeded (parameter is adjustable). It is preferred to be used with the default value. Can be disabled on swap-free accounts

• Max Negative Swap, in pips - max negative swap