Flat-Catcher v.2.0

Expert Advisor Flat-Catcher
$99.00
Expert type:

Flat-Catcher-FAQ

U.S. Government Required Disclaimer

Forex, Futures, Stock, and/or Options trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex, Futures, Stock, and/or Options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell Currencies, Futures, Stock, and Options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this and affiliate web sites. The past performance of any trading system or methodology is not necessarily indicative of future results.

Trade at your own risk.
You accept full responsibilities for your actions, trades, profits or losses, and agree to hold FiboLab and any authorized distributors of this information harmless in any and all ways. 
 
Our comments to EA Flat-Catcher
  1. Any EA Flat-Catcher is not grail. Grails simply do not exist.
  2. We do not force anyone to buy ours products. You will never see our advertising which says that our ??’s are the best and will bring to you unlimited wealth.
  3. We working on EA Flat-Catcher’s for ourselves. We make sales to find people who are interested in profitable EA Flat-Catcher’s work and able to help with ideas or other ways, and won’t vain talk as other do about free EA Flat-Catcher’s.
  4. We are testing EA Flat-Catchers on weakness and work on resolving or avoiding them.
  5. There are no 100% profitable strategies. The only thing that matters - profits should be more than losses

EA Flat-Catcher FAQ (for v.1.6.3)
  1. What is EA Flat-Catcher?
  2. How it would better to use this EA Flat-Catcher?
  3. Could you give some trading tips for this EA Flat-Catcher?
  4. Which pairs it would be better to use?
  5. What limitations I can set to EA Flat-Catcher?
  6. Can I change EA Flat-Catcher’s behavior during it trading?
  7. Do I get any upgrades for free after the sale?
  8. Do I get the upgrade to MT5 after the initial sale?
  9. How can I upgrade from demo to single version?
  10. Can I order personal changes in my version?
  11. Why I see Floating deals with negative profit in current trade?
  12. What brokers are the best for this EA Flat-Catcher (ECN, non-ECN, etc.)? Any advice on brokers?
  13. Can launch several EA Flat-Catcher’s? If so, how?
  14. Do I need to put the FlatMedianPrice or it’s automatic?
  15. Is AllocatedFundsa automatic parameter or is a parameter that I have to tell the EA?
  16. What does EA Flat-Catcher’s parameter "Expert" means?
  17. Will this EA Flat-Catcher work with other EA Flat-Catchers without interfering in it’s money management?
  18. Does EA Flat-Catcher increase the lot size as equity increase?
  19. Any recommendations for leverage and lot size?
  20. Can I change EA Flat-Catcher’s parameters during it work?
  21. I want change lot size, how can i do so?
  22. Does EA Flat-Catcher use any indicator to trade?
  23. Does EA Flat-Catcher have weaknesses?
  24. How EA Flat-Catcher deals with breakouts from flat trend and what protection is there if currency starts to trend up or down?

1. What is EA Flat-Catcher?
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, we decided to develop system which 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.
(Please Note: we do not use martingale rules and won’t use them in future)

2. How it would better to use this EA Flat-Catcher?
We recommend next trading strategies with this EA Flat-Catcher:
a) Short-term trading (1-3 month) - start EA Flat-Catcher on correction or during season flat. 
Exit before trend start (exit with minimal losses when trend begins)
b) Currently on testing stage strategy with trade on weak trends.

Also we work on other trading strategies with this EA Flat-Catcher.

3. Could you give some trading tips for this EA Flat-Catcher?
We recommend:
a)Recommend minimal balance size (money allocated for trading) for one currency pair:
lot size 0,01 - ,000
lot size 0,1 - ,000
 etc.
 Lower money amount or/and bigger lot size - increase risks.
b) Working with several pairs (indirect hedging)
c) Using small lots

4. Which pairs it would be better to use?
You can use any pair. Pairs with high volatility and low spread are preferable.

5. What limitations I can set to EA Flat-Catcher?
Current version has next limits:
  • number of open orders
  • total lots for open orders
  • amount of allocated funds for trade
  • percentage of free margin
  • drawdown
6. Can I change EA Flat-Catcher’s behavior during it trading?
EA Flat-Catcher has several modes:
  • Only close (EA Flat-Catcher won’t open new trades any more – just close the remaining.)
  • Trade by zero (EA Flat-Catcher will continue trading until all open deals are closed.)
  • Lock  (EA Flat-Catcher creates “lock” (locks current equity) ) (recommended only for advanced traders)
  • Market leaving (Close all deals - will be available in new version)
    EA Flat-Catcher will close all current deals: 
  • immediately after mode is on
  • after achievement some conditions (% from equity, % form balance, loss level, profit level)
Methods on developing stage:
  • trailing
  • hedging
  • batch trading
7. Do I get any upgrades for free after the sale?
During support period of your product you will get new version for free.

8. Do I get the upgrade to MT5 after the initial sale?
Yes.

9. How can I upgrade from demo to single version?
You can get upgrade to single or to unlimited version just simply paying the difference in cost.

10. Can I order personal changes in my version?
Yes, you can.

11. Why I see Floating deals with negative profit in current trade?
EA Flat-Catcher do not close unprofitable deals. EA Flat-Catcher will continue trading until it close them with profit. Using mode "Trade to Zero" EA Flat-Catcher has a possibility to leave market when all active trades are closed. It is clears left floating loss. On the other hand if trading range is big - all opened trades can become future profit.
(Also, EA Flat-Catcher has swap mode for long term trading)  

12. What brokers are the best for this EA Flat-Catcher (ECN, non-ECN, etc.)? Any advice on brokers?
There is no limitations with broker choosing.
You may use any broker who supports MT4

13. Can launch several EA Flat-Catcher’s? If so, how?
Just drag EA Flat-Catchers on different charts (windows) and set them different Magic Numbers (i.e. magic numbers should be unique).

14. Do I need to put the FlatMedianPrice or it’s automatic?
FlatMedianPrice it is the price which will be a middle line of future price fluctuations by trader’s forecast. FlatMedianPrice default value is 0 (zero) (in this case it will be set to current price automatically). It could be left with default value only on demo accounts (or strategy tester) for testing purposes. On live accounts FlatMedianPrice should be set by trader manually. 

15. Is AllocatedFundsa automatic parameter or is a parameter that I have to tell the EA?
AllocatedFunds is funds (money amount) that EA uses in its trading (its local balance). By default AllocatedFunds gets all available account money.
 
16. What does EA Flat-Catcher’s parameter "Expert" means?
EA Flat-Catcher parameter "Experts" should be set to "1" (Expert=1) this variable is reserved for future modification, (for changing kind of trading). 

17. Will this EA Flat-Catcher work with other EA Flat-Catchers without interfering in it’s money management?
This EA Flat-Catcher won’t interfere with other if the it has different MagicNumber (i.e. magic number should be unique.)

18. Does EA Flat-Catcher increase the lot size as equity increase?
Yes, when UseLotMultiplicator parameter is True – lot size increases according to balance growth. If UseLotMultiplicator set to False – EA uses minimal lot size.

19. Any recommendations for leverage and lot size?
Bigger lots and leverage provide you more profit, but also increase risks. For EA Flat-Catcher leverage does not matter. It is only your money management. So if you can trade with leverage 1:500 - it is better for you because you should have less money for each order comparing with leverage 1:100.

20. Can I change EA Flat-Catcher’s parameters during it work?
During EA Flat-Catcher’s work you may safely change mode parameters: 
  • TradebyZero
  • HalfMode
  • ForceMode
  • ShowInfo
  • OnlyClose
Before changing other EA Flat-Catcher’s parameters you should set it to the mode that force him to close all existing deals (like "trade by zero" or other). Then change parameters you want and start it again. If you want to leave existing deals - you should change MN (magic number) and other parameters you want to change. But in this way those deals won’t be supported by EA Flat-Catcher.
MT4 works in a way that any parameters changes leads to EA Flat-Catcher’s restart (that may cause changing its behavior).

21. I want change lot size, how can i do so?
You can change lot size via EA Flat-Catcher’s parameter LotDiv. (LotSize= 1/LotDiv)
To trade by 1 lot LotDiv should be 1
To trade by 0.1 lot LotDiv should be 10
To trade by 0.01 lot LotDiv should be 100
0.01 - it is micro lot (one-hundredth of 1 lot)
LotDiv=0 – EA Flat-Catcher will use the minimum allowable lot size.

22. Does EA Flat-Catcher use any indicator to trade?
Almost all indicators works with lags so making decision based on them are delayed. So only thing that you can rely on - it is price. So we develop our EA Flat-Catcher using just price movements and balance lines.

23. Does EA Flat-Catcher have weaknesses?
EA Flat-Catcher has a weakness (we don’t hide it.) - it is strong Trend.
But even during a trend EA Flat-Catcher is able to have profits, getting them from small correction movements.
EA Flat-Catcher has several methods to protect trader’s account from losing money in case of trend. This methods use limitation rules and EA Flat-Catcher’s trading modes (in EA Flat-Catcher’s settings). (also see next question and What limitations I can set to EA Flat-Catcher?)

24. How EA Flat-Catcher deals with breakouts from flat trend and what protection is there if currency starts to trend up or down?
The latest EA Flat-Catcher version has many risk and money management settings, starting with simple limitations and restrictions of using balance, equity, number of deals and lots, ending with profit-taking and/or profit saving (protecting from sudden price movements).


Our recommendation:
EA Flat-Catcher shouldn’t trade on market with strong trend.  
Before start you must be sure that you trade on flat market.
Also before start you should define the median of flat range. It will be used to create balance lines - base thing of algorithm.
If the market shifted to far from trade range - trader should stop and leave market manually and restart EA Flat-Catcher with new parameters. 
EA Flat-Catcher requires preliminary market analysis and choosing time when market is in correction, or simply in flat. Significant changes in market demands changes in the parameters of the EA Flat-Catcher.
 
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