Review of Fibo Lab’s Flat-Catcher Expert Advisor
|EA Name||Currency Pairs||Timeframe||Strategy||ECN||4&5 Digits||Take Profit||Stop Loss||Home Page|
|Flat-Catcher||EURUSD||M15||Side-ways market trading||Yes||Yes||unknown||unknown||Fibo Lab Website|
$99 for demo use only. $499 for 1 live account. $999 for unlimited live account use.
Normally traders gets profits from trend movement, but usually in 50-70% of time market is not going anywhere but moves in relatively short horizontal channel, so called “flat market” or “sideways market”. High volatility with huge swings up and down in a short time period makes investing much more onerous and disproportionately less predictable.
To be able get profits from that market kind, Flat-catcher was designed so it could do that what traders hardly ever could: trade on flat (sideways) market 24 hours a day, and get profits to its owner, and leave pleasure of trend trading for trader.
This looks like a very interesting expert advisor, but what will happen when a side-ways market quickly turns trending and moves 400+ pips within a short period of time? How will Flat-Catcher cope with this kind of situation? I guess we won’t know until we get a copy up on our VPS for testing.