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Unaudited seller listing — lab verdict pending

Untrusted tick model

This listing is built from seller materials. Lab replay not yet executed. Lab, audit, live tracking and verified reviews stay empty until we compile and run real-tick replay.

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Seller price Free

Curve replay

Backtest vs lab reality

Zero corroboration
Seller marketing curve (claimed)Lab replay not run

Execution engine locked

Real-tick replay has not run for this listing.

Claimed profit factor

— (marketing)

Real-tick PF

Pending

Seller price: Free

Submit source if you own this EAView on MQL5 ↗

NewsCatcher Free MT53.1

Developed byEvgeniy Scherbina13 EAs on record · MQL5 rating 4.5
View on MQL5 ↗
Not testedMean reversionNews tradingH1MetaTrader 5

Seller claims

grid no · martingale no · SL yes

EALegit summary — unaudited listing

NewsCatcher Free MT5 is a semi-automated or fully automated expert advisor that opens trades when price makes a reversal move from user-placed or dynamically tracked support and resistance levels, with entries confirmed by an RSI indicator displayed as a tachometer. It supports two modes: semi-automated (user marks levels visually, recommended on timeframes up to M30) and automated (RSI triggers entries, recommended on H1). Risk management includes configurable stop loss, take profit, trailing stop in points, breakeven, and dynamic SL/TP detection from nearby bar extrema; volume can be fixed or a percentage of equity. No grid, martingale, or hedging logic is described, and no specific symbols are stated, though the seller suggests using it in highly volatile conditions after political events or economic data releases.

Lab results

No lab results. The seller's backtest has not been reproduced.

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Source audit

Source not audited. We have not seen this code.

Full audit report

Verified seal

Not tested yet — no seal.

Forensic deconstruction

Risk radar & heuristics

Heuristic confidence: low (seller materials only)

Parameter risk scanner

Flags inferred from seller inputs and claimed settings. Not a code audit.

Martingale
no
Grid
no
Hard stop loss
yes

Transparency index

Independent lab file versus marketplace binary.

0 files

Closed binary / seller listing

Marketing integrity

Promotional claims are not lab results.

Seller backtest untrusted

Treat promotional curves as untested until we replay them.

Seller documentation

Extracted from the MQL5 listing
Assets
—
Timeframes
H1
Strategy
Mean reversion
Platform
MetaTrader 5

Screenshots

Seller-published images, stored as captured. Not EALegit test output.

Reviews

No reviews yet.

Not tested. Lab, audit, live tracking and verified reviews stay empty until we run this EA.

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Independent inquiry

Forensic FAQ

Is NewsCatcher Free MT5 legit?

Unknown. EALegit has not audited NewsCatcher Free MT5. A listing is not a verdict that it is legit.

Has EALegit independently reviewed NewsCatcher Free MT5?

Not yet. Listing is seller materials. The owner can submit source from For developers.

Does NewsCatcher Free MT5 use grid or martingale?

Seller materials do not claim grid or martingale. Not audited — we have not confirmed the code.

Can I trust the seller backtest?

No usable seller baseline is published and we have no lab replay. Treat the seller backtest as untested marketing.

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Independent verification

Hold this developer accountable

Evgeniy Scherbina listed this EA. The owner can submit source if they want the lab to compile and replay it on real ticks.

Submit source if you own this EADeveloper profile