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.

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.

Submit source if you own this EA

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 EA View 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.

Source audit

Source not audited. We have not seen this code.

Submit source if you own this EA