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The Fibonacci Scalper

4.28

The Fibonacci Trader MQL5 expert advisor uses the Fibonacci levels to determine a buy or sell trade with the MACD as confirmation.

The Fibonacci levels work as follows:

Above 61.8
  • SELL if MACD trend is SELL
Trading Range (Ability to select trading input parameters)
  • BUY if MACD trend is BUY
  • SELL if MACD trend is SELL

Below 23.6

  • BUY if MACD trend is BUY

Default settings are configured for EURUSD on M5 Chart.

To work with the news server, you must add the URL ‘http://ec.forexprostools.com/’ in the list of allowed URL tab.

Main menu-> Tools-> Settings tab “Advisors”:

News is not enabled in Strategy Tester.



Check out set files group for latest set files

https://t.me/AlgotradingSetChanges

Join Algotrading_za Telegram group to discuss required updates and share SET files.

https://t.me/algotrading_za



Bewertungen 20
Calogero Vella
390
Calogero Vella 2024.03.04 10:53 
 

Very nice! Thanks for the work!

kentarou sumi
153
kentarou sumi 2023.04.19 14:38 
 

I have used it with default setting and M30 chart. Some Doll Pair, I think it work well. thank you, Regards.

P1tBull
42
P1tBull 2022.10.07 21:01 
 

This is a beautiful EA. It needs a little optimisation and backtesting for each pair, but is very versatile, scalable and works across pairs. It needs tweaking out of the box, but if I only had one EA for every pair, this would be it. I can't believe Stanton is giving this away for free.

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Auswahl:
Calogero Vella
390
Calogero Vella 2024.03.04 10:53 
 

Very nice! Thanks for the work!

BeeCoola
14
BeeCoola 2023.10.31 16:36 
 

Unfortunately it did not work for me.

Ravanity2021
14
Ravanity2021 2023.06.01 11:25 
 

I trial this out on a demo account, and it works well. It's more than what I expected.

kentarou sumi
153
kentarou sumi 2023.04.19 14:38 
 

I have used it with default setting and M30 chart. Some Doll Pair, I think it work well. thank you, Regards.

MSFinancial
14
MSFinancial 2022.12.01 23:04 
 

Bad experience! Does not work for me….

Nuno Filipe Pereira Cruz Pereira
239
Nuno Filipe Pereira Cruz Pereira 2022.10.21 18:16 
 

Well it looks work very well. Iam using the V4 setup however instead 1% risk i decided to put 4% risk because like that i will open 0.04 lot for me its about 4000$ instead 0.01 lot or 1000$ trades. I just have 750$, so 4% profit or 4% loss per trade looks good to this ammount of investment. I also decided to use the news link that will make not open trades during eur usd news . I personally like trend and FIbonacci strategy so this simple robot will watch the market for me trying spot a place to enter the market . On V4 setupversion stoploss, take a profit and trailing stop poins are very well choosed for actual dynamic market conditions on this time frame. So i dont know what else can be done to be improved for a low drawndown algotrading without compromise a decent profit

P1tBull
42
P1tBull 2022.10.07 21:01 
 

This is a beautiful EA. It needs a little optimisation and backtesting for each pair, but is very versatile, scalable and works across pairs. It needs tweaking out of the box, but if I only had one EA for every pair, this would be it. I can't believe Stanton is giving this away for free.

Cristian Mihail Pauna
12973
Cristian Mihail Pauna 2022.09.27 07:08 
 

Negative feedback!

Harsh Vardhan
20
Harsh Vardhan 2022.09.23 13:28 
 

not working for me in tester and on demo account , plz suggest what to do

[Gelöscht] 2022.09.01 03:31 
 

Der Benutzer hat keinen Kommentar hinterlassen

[Gelöscht] 2022.06.10 10:30 
 

Der Benutzer hat keinen Kommentar hinterlassen

Alexandre Bellini
398
Alexandre Bellini 2022.05.17 15:48 
 

Muito bom, só gostaria de saber como faço para que depois de abrir um pedido, ele só abra outro depois que o primeiro fechar. Comigo, ele continua abrindo ordens seguidas dentro da mesma negociação sempre que atinge a região de execução. Grato

Very good, I just want to know how I make it so that after opening an order, it only opens after the first one closes. With me, it continues execution orders in a row within the same trade without an execution region being serviced. Grateful

Farouk Elshahat
59
Farouk Elshahat 2022.05.14 21:34 
 

THE EA IS WORKING GOOD SO FAR FOR PAIRS "EURUSD"&"GBPUSD" WITH TIME FRAME M5 WITH PROPER INPUT BUT BACKTEST IS NOT PROMISING .

Andrew Lim Mao Tung
20
Andrew Lim Mao Tung 2022.03.03 01:57 
 

Good EA, Profitable.

member
293
member 2021.11.06 09:00 
 

I like it!

asghar aghnoom
269
asghar aghnoom 2021.10.10 16:55 
 

lose

Kasper Hytonen
612
Kasper Hytonen 2021.09.27 22:39 
 

Nice EA with proper inputs

fedaouche mohamed
74
fedaouche mohamed 2021.09.22 16:02 
 

bad

fared3032
78
fared3032 2021.09.22 16:02 
 

free product always useless

Pak Hong Poon
2690
Pak Hong Poon 2021.09.11 16:31 
 

interesting, thanks for sharing

123
Antwort auf eine Rezension
Version 1.7 2020.10.08
Added ability to create stop orders and limit orders
Version 1.6 2020.06.08
Fix bug when using % of margin on a sell trade (Trade did not open)
Version 1.5 2020.06.07
Added ability to select Fibonacci Trading range from input parameters
Version 1.3 2020.06.07
Add ability to choose between fix lot and percentage of Margin

Version 1.2 2020.05.27
Decrease trade sensitivity

Minor bug fixes
Version 1.1 2020.05.26
Extended open trading range to between 23.6 and 61.8 levels.