Verified answers about News Scope EA Pro.

News Scope EA Pro: Which timeframes does it use?

News Scope EA Pro operates exclusively on M1 with every-tick backtesting. The M1 timeframe is necessary because news-driven price moves unfold within seconds to minutes. Higher timeframes would miss the entry precision that the system requires. All backtesting and optimization should be conducted using every-tick data to produce reliable results that reflect real execution conditions.

News Scope EA Pro: Can I adjust risk settings?

Yes. Risk is controlled through FixedLots for manual position sizing or AutoMM, which calculates lot size as a percentage of free margin. The EA also includes spread and slippage caps that prevent order execution during extreme conditions. These settings give you flexibility to match the system's risk profile to your account size and personal tolerance.

News Scope EA Pro: How does news filtering work?

The system uses precise scheduling and an advanced filter that places pending orders just before qualifying news events. It includes dedicated NFP-only and FOMC-only modes for traders who prefer to focus on specific releases. The filter identifies events from an internal calendar and activates the order logic only when the scheduled time and qualifying criteria are met.

News Scope EA Pro: Is it fully automated?

Yes. You can run News Scope EA Pro in full automation mode, where it handles every aspect of order placement and management independently. Alternatively, a semi-automatic mode allows you to confirm each trade before execution. Both modes use the same underlying analysis; the difference is whether the final execution step requires your approval.

News Scope EA Pro: What support and guarantee do I get?

The purchase includes professional support from FXAutomater, lifetime free updates to the software, and a 60-day money-back guarantee. Support covers installation assistance, configuration questions, and troubleshooting. The lifetime updates ensure the EA remains current as market conditions and broker environments evolve over time.

News Scope EA Pro: Which specific news events does the EA trade; is it limited to NFP and FOMC, or does it cover all high-impact releases?

News Scope EA Pro covers a range of high-impact economic releases beyond NFP and FOMC. The event calendar includes central bank rate decisions, GDP releases, employment data, inflation reports, and other scheduled announcements that typically produce significant volatility. NFP-only and FOMC-only modes are available for traders who prefer to restrict activity to those specific events. The broader mode activates across all qualifying releases, which produces more frequent trading opportunities throughout the month. Event selection is handled internally by the system based on historical impact data.

News Scope EA Pro: Does the EA trade in the direction of the news outcome, or does it use a straddle approach with orders on both sides?

The system places pending orders on both sides of the market before the event, using a straddle approach. When the release triggers a sharp directional move, the order on that side executes while the opposite order is canceled. This method removes the need to predict the outcome in advance. The EA profits from the speed and magnitude of the move rather than its direction. Spread and slippage caps protect against poor fills during the initial volatility spike. The approach is particularly effective on events with clear binary outcomes.

News Scope EA Pro: How does the back-tick detection feature work, and what does it protect against?

Back-tick detection monitors incoming price data for anomalies such as artificial spikes, delayed ticks, or data gaps that some brokers produce around volatile events. If the system identifies suspect tick behavior, it can delay or cancel pending orders to avoid executing on unreliable prices. This protects against fills at artificially widened spreads or prices that are quickly corrected. The feature runs continuously during active event windows and requires no manual configuration from the trader.

News Scope EA Pro: Does the EA use martingale, grid, or any form of lot escalation?

No. News Scope EA Pro places single pending orders per event with fixed or percentage-based lot sizing. There is no grid logic, no martingale, and no position averaging. Each trade stands entirely on its own with defined risk parameters. This is a deliberate design choice intended to keep exposure predictable and prevent the compounding loss patterns common in lot-escalation systems.

News Scope EA Pro: What is the minimum deposit recommended to run News Scope EA Pro?

A minimum of $500 is recommended for running the EA across multiple pairs with the default settings. Smaller accounts can work on a single pair with reduced lot sizes, though the limited trade frequency means you need enough capital to withstand occasional losses without affecting your ability to participate in subsequent events. Using the AutoMM risk setting helps scale position sizes proportionally to your available margin, which is particularly useful for smaller balances.

News Scope EA Pro: How does the EA perform during weeks with no major news events; does it stay idle?

Yes, the EA remains idle when no qualifying events are scheduled. It does not generate trades outside of its defined event windows. This is intentional; the system's edge comes specifically from the volatility around scheduled releases, not from general market conditions. During quiet weeks, the software monitors the calendar but takes no action. Traders should expect occasional extended periods of inactivity, particularly during holiday weeks or months with lighter economic calendars.

News Scope EA Pro: Is News Scope EA Pro compatible with prop firm rules, given that many prop firms restrict news trading?

This depends entirely on the specific firm's ruleset. Many prop firms prohibit or restrict trading within a defined window around major news events, typically 2 to 5 minutes before and after. Since News Scope EA Pro is designed specifically to trade during these windows, it directly conflicts with such restrictions. Some firms allow news trading without limitation; others impose partial restrictions. Before deploying on any funded account, carefully review your firm's current terms regarding news trading. Using this EA on a firm that prohibits the practice could result in account violations or disqualification.

News Scope EA Pro: Can I use this EA on a US FIFO-regulated account?

The straddle approach places opposing pending orders on the same pair, which means both a buy and sell order may briefly exist simultaneously before one is canceled. On strictly FIFO-regulated accounts, this could create compliance issues depending on how your broker handles opposing pending orders. Some brokers resolve this internally; others do not. Testing on a demo account with your specific broker is essential before deploying on a live US-regulated account. Contact your broker to confirm how they manage opposing pending orders under FIFO rules.

News Scope EA Pro: How does News Scope EA Pro differ from other news-trading EAs on the market?

Several characteristics separate it from competing systems. The back-tick detection feature protects against unreliable price data during volatile moments, which most competing EAs lack. The semi-automatic mode gives traders optional control over execution, rather than forcing full automation. FXAutomater's inclusion of lifetime updates and professional support adds ongoing value beyond the initial purchase. The dedicated NFP-only and FOMC-only modes also provide targeting flexibility that many competing news-trading robots do not offer. In terms of trade logic, the straddle approach with defined spread and slippage caps is more conservative than systems that attempt to predict direction before the release.

News Scope EA Pro: Is News Scope EA Pro a good complement to trend-following or night-scalping EAs in a diversified portfolio?

It is perhaps one of the better options for this purpose. Because activity is concentrated around specific calendar events, the trading windows almost never overlap with night-scalping sessions or general trend-following periods. This means adding News Scope to an existing portfolio introduces a genuinely uncorrelated return stream. The low trade frequency also means minimal additional margin consumption during non-event periods. For traders already running multiple expert advisors, this EA fills a gap that most other systems cannot address. The main consideration is ensuring that your broker and account type allow the straddle approach alongside whatever other strategies are running concurrently.