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Overview of News Scope EA PRO

News Scope EA PRO, developed by Ariva Soft Ltd, is an advanced trading tool designed specifically for high-impact news trading in the forex market. This expert advisor (EA) capitalizes on the volatility that major economic announcements create, allowing traders to execute quick, short-term trades. The software is engineered to detect significant news events and respond swiftly, potentially yielding substantial gains—sometimes exceeding 100 pips within seconds. With its robust features and user-friendly design, News Scope EA PRO aims to enhance trading efficiency and profitability during critical market moments.

Key Features of News Scope EA PRO

• Advanced News Filter: This feature allows the EA to place pending orders right before significant news events, optimizing entry points based on market conditions.

• Automated Trading Modes: Users can choose between fully automated or semi-automated trading, providing flexibility based on individual trading strategies and preferences.

• Risk Management System: The built-in money management system calculates lot sizes according to the trader's risk percentage and account margin, ensuring controlled exposure.

• Trailing Stop and Back-tick Detection: These systems help secure profits by adjusting stop-loss levels dynamically and managing execution delays during high volatility.

• Time Management System: Traders can configure the EA to operate only during specific hours or days, allowing for targeted trading around major news releases.

• Notifications: The software supports email and push notifications to keep users informed about trade activities and market movements in real-time.

• Multi-Currency Support: News Scope EA PRO is compatible with several currency pairs, including EUR/USD, GBP/USD, AUD/USD, USD/CAD, and USD/JPY.

Frequently Asked Questions

What is News Scope EA PRO designed for?

News Scope EA PRO is specifically designed for trading during high-impact news events in the forex market. It utilizes market volatility to execute trades quickly and efficiently.

How does the Advanced News Filter work?

The Advanced News Filter enables the EA to place pending orders just before significant news announcements. This feature can be customized according to specific news events and trader preferences.

Is it easy to install and use?

Yes, News Scope EA PRO comes with a quick-install wizard and a comprehensive user manual that guides users through the installation and configuration process. No advanced technical skills are required.

Can I customize my risk settings?

Absolutely. The money management system allows traders to set their risk levels as a percentage of their account balance. The EA will then automatically calculate the appropriate lot sizes for each trade.

What kind of support is available?

Users receive professional support from the Ariva Soft Ltd team, along with lifetime free updates for the software after purchase.

Is there a demo version available?

While specific details about a demo version weren't mentioned in the sources, potential users are encouraged to check with Ariva Soft Ltd for any trial options or live performance statistics before purchasing.

By leveraging its sophisticated features and user-centric design, News Scope EA PRO stands out as a powerful tool for traders looking to maximize their profits during volatile market conditions.