Expert Advisor Catcher Fx: catch your dream

catcher_fx_23$We are glad to present our new freeware/donateware forex trading robot, Catcher Fx. This is a fully automatic Expert Advisor (EA) for the most popular MetaTrader 4 platform.


Platform: МТ4

Year: 2014

Producer: ARGOLab

License: Freeware/Donateware

Category: scalper EA

Currency pairs: any

Timeframe: EA uses M15

Trading time: 00-03h on Monday

Deposit requirements: from 100$

Recommended brokers: FxOpen, RoboForexForex4youinstaforex,  Alpari

Trading strategy: EA trades price gapes on opening of the market on Monday morning.

Live forward tests: FxOpen

Back Tests:

eurgbp 2000-2012
audusd 2011-2014
gbpusd 2000-2012


LotSize – lot size. If 0, EA will use Risk variable for calculating the lot size.

Risk – defines the lot size as a fixed percentage of the deposit. If Risk = 10 (default value), then for the deposit of 1000$ the lot size will be 0.1 (1 lot = 100,000$). For other deposits, the lot size will be scaled accordingly.

MaxSpread – maximal spread (pt)

MaxGape – maximal gape size (pt)

MinGape – minimal gape size (pt)

TPfix, TPfactMin, TPfactMax – parameters for calculation of the take-profit

SL – stop-loss (pt)

MinDepth_Exit – parameter for calculation of the exit point

Magic – magic number

comment_color – color of the font of the information box

box_color – background color of the information box

Comments – commentary of the trading orders


Installation and start:

For installation, it is sufficient to copy the ex4 file of EA into MQL4\Experts folder of your terminal. For more details about installation read How to install a new EA ?

In order to start, attach EA to the M15 chart of one of the supported currency pairs. Load preset settings for this currency pair, provided with EA. If you are not sure how to do this, read How to load preset settings into EA?

Additional information:

Additional information can be found at the English thread of Catcher Fx  at the ARGOLab forum.

  • Download EA Catcher Fx.



  • Donateware for EA Catcher Fx.

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