Forex Germany

Expert Advisors - Forex Caterpillar

Forex Caterpillar is an Expert Advisor using a Grid / Martingale strategy. Long as well as short positions are opened in equal terms, thus hedging the overall position up to a certain level. Nevertheless, significant drawdowns may still occur during periods of extreme price fluctuations.

In order to reduce the risk, Forex Caterpillar does not merely wait for the whole basket being in profit, but also takes advantage of minor counter movements with the objective to close old positions with a small profit, thus reducing the drawdown. Nevertheless, margin calls cannot be fully eliminated due to the rather risky nature of this strategy and should be factored in.

The developers advise to trade the EA only on cent accounts and to distribute the risk across a range of accounts. It is recommended to invest USD 100 for each currency pair, with a limit of four or five currency pairs per account, the latter intended to prevent a negative impact of extreme price movements of one currency pair on the complete portfolio.

In case a particular account shows a loss, the user may decide whether to "rescue" the account by further deposits or to accept a total loss. It is advisable to withdraw profits regularly.

Forex Caterpillar is available only through membership in a trading community, which may additionally also offer access to a number of other Expert Advisors.

Trading strategy

Hedged Grid / Martingale

Currency pairs

Currently 23 currency pairs are supported.

Chart

M15

Trading hours

All sessions.
00:00 - 24:00 GMT

Price

USD 25 per month.
Payment through Paypal.

Return policy

The developers do not grant a right to return.

Licence

Each licence is valid for one live or demo account. For each month of membership the customer is granted an additional licence.

Manual

Two manuals with 6 resp. 8 pages explain the installation and set up of Forex Caterpillar, the trading strategy, the input parameters and their impact. In addition, further information are available in the members area of the developers' website.

Links

Forex Caterpillar Homepage

Forex Caterpillar membership

Live Performance

The performance of Forex Caterpillar is demonstrated, as follows, on several exclusive FortFS Live accounts.







Backtesting

Backtest for this EA are not planned.

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