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Fibonacci VCL

The Expert Advisor uses a trading strategy based on Fibonacci levels.

On the levels of ~38.2,~50.0 and ~61.8, it sets virtual pending orders (Buy Limit, Sell Limit).

A grid of virtual pending orders is built in trend direction. Trend is determined using the ZigZag indicator.

Orders are closed at a total virtual take profit or a total virtual stop loss.

The EA makes a decision at the opening of a new candlestick, so optimization can be performed using open prices.


Settings and Input Parameters

Risk:

  • Risk - risk (<0.01 - low, >0.01 - high);

Levels to place pending orders:

  • Level1 (0 - don't set) - ~38.2%, 0 - do not place a pending order
  • Level2 (0 - don't set) - ~50.0%, 0 - do not place a pending order
  • Level3 (0 - don't set) - ~61.8%, 0 - do not place a pending order
  • Level3 (0 - don't set) - 0 - do not place a pending order
  • Level for Stop-loss - total stop loss for all orders (~100.0%)
  • Take Profit(points) - total take profit for all orders
  • K_Lot lot multiplier
  • Magic number of the expert - EA's magic number
  • Trade mode - true - trading is enabled
  • Don't trade! if the account has a different magic position - true
  • Slippage - allowed slippage

Filters:

Determining the global trend using ZigZag:

  • Timeframe for the global trend - timeframe for the indicator

Wave settings:

  • Min Wavelength - minimum wave length (in points)
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Babak Alamdar
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4.89 (19)
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Marzena Maria Szmit
4.6 (20)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
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Chen Jia Qi
5 (6)
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5 (2)
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Marzena Maria Szmit
4.6 (20)
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Hui Qiu
5 (3)
ET9 New on the Market, Launch promo! Only a few copies left at: $599 Next price: $799 Final price: $1599 The Best  Expert Advisor  on   XAUUSD   any timeframes , It can also be used on GBPUSD at the same time! ET9  for MT4 Updated 3.50 !!   Important update:    Enable automatic closing of profits. Include Free  ET1 for MT4:  https://www.mql5.com/en/market/product/113219 Descriptions ET9 for MT4 is a powerful automated trading program with a 9-in-1 trading strategy for gold (XAUUSD) and  GBPUS
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Mansour Babasafary
4.71 (14)
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Inrexea Limited
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5 (1)
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Version 2.1 2017.07.06
+ Added the ability to reload the Expert Advisor with open positions present.