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 |
Performance
License
$99 for demo use only. $499 for 1 live account. $999 for unlimited live account use.
Strategy
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.
Recommended Brokers
Un-determined.
Conclusion
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.
Overall Rating
