News Stopper EA v1.01 MT4 is an Expert Advisor (EA) designed specifically to help traders manage risk around major news events. News events can lead to sharp price movements, high volatility, and slippage, making it crucial for traders to avoid trading during these times to prevent significant losses. The News Stopper EA v1.01 is likely designed to automate this process, automatically closing open positions or preventing new ones from being opened during high-impact news events.