Fibo Lab Flat-Catcher EA Review

Review of Fibo Lab’s Flat-Catcher Expert Advisor

EA NameCurrency PairsTimeframeStrategyECN4&5 DigitsTake ProfitStop LossHome Page
Flat-CatcherEURUSDM15Side-ways market tradingYesYesunknownunknownFibo 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

Top Performing EA’s

Top Rated Brokers

BrokerRating
HotForex
(4.61 avg of 366 votes)
FxOpen
(4.42 avg of 316 votes)
IamFX
(3.39 avg of 271 votes)
FxPro
(3.00 avg of 77 votes)
AvaFX
(2.92 avg of 79 votes)

Categories