Fibonacci Trading EA – Recommended Set Files for Forex & Gold

This guide provides recommended set files for five trading instruments, with EURUSD H1 as the primary setup.

1. Recommended Set Files

Download the set file corresponding to your preferred trading instrument and timeframe.

📥 All recommended set files are attached below this blog post.

2. Primary Recommended Setup – EURUSD H1

The primary recommended configuration is EURUSD on the H1 timeframe.

• Symbol: EURUSD

• Timeframe: H1

• Set File: fibonacci_ea_eurusd_h1.set

• Account Type: Raw / ECN or a low-spread account

• Leverage: 1:50, where available

• Suggested Starting Capital: $5,000 or higher

EURUSD H1 is the main recommended setup for traders seeking a structured trading approach with configurable risk management. A low-spread trading account may help reduce transaction costs.

3. Other Compatible Trading Instruments

In addition to EURUSD, Fibonacci Trading EA supports the following configurations:

GBPUSD H1

• Set File: fibonacci_ea_gbpusd_h1.set

EURGBP H1

• Set File: fibonacci_ea_eurgbp_h1.set

EURCHF H1

• Set File: fibonacci_ea_eurchf_h1.set

GOLD (XAUUSD) M15

• Set File: fibonacci_ea_xauusd_m15.set

Each instrument has different volatility, spread characteristics, and trading behavior. Results may vary depending on market conditions, broker specifications, and risk settings. Test each configuration separately before using it on a live account.

4. Prop Firm Risk Management

Fibonacci Trading EA includes configurable risk protection features designed to help traders manage account exposure when trading under Prop Firm rules.

Default risk protection settings:

• Daily Loss Limit: 5.0%

• Maximum Loss Limit: 10.0%

• Calculation Mode: Equity or Balance

Additional risk management features include:

• Automatic lot size calculation based on risk percentage

• Maximum open order limits

• Total lot volume limits

• Spread filter

• Market-close and weekend protection

• Margin check before placing each order

When a configured loss limit is reached, the EA can close open positions and stop further trading according to the selected protection settings.

Important: The default loss limits are starting points only. Review and adjust all risk parameters to match the specific rules of your Prop Firm, including daily loss limits, maximum drawdown, calculation methods, and trading restrictions.

5. Recommended Account Conditions

• Minimum Suggested Capital: $500

• Recommended Capital: $5,000 or higher

• Preferred Account Type: Raw / ECN or low-spread account

• Primary Trading Instrument: EURUSD

• Recommended Timeframe: H1

The appropriate starting capital depends on the selected instrument, risk percentage, lot size, broker conditions, and applicable account rules. These figures are guidelines and do not guarantee that a particular account size will be suitable for every trading strategy.

6. How to Install a Set File

1. Open MetaTrader 5 and attach Fibonacci Trading EA to the chart of your chosen instrument.

2. Ensure that the chart uses the corresponding symbol and H1 timeframe.

3. Open the EA's Inputs settings.

4. Click Load and select the corresponding .set file.

5. Review the trading parameters, lot sizing, and loss protection settings.

6. Enable automated trading and verify that the EA is operating as expected.

7. Test the configuration in the Strategy Tester and on a demo account before using it on a live account.

Use the set file corresponding to the intended symbol. Do not assume that a configuration optimized for one instrument will produce the same results on another.

Important Risk Disclaimer

Fibonacci Trading EA does not guarantee profits or successful completion of a Prop Firm challenge. Trading involves risk, and actual results may differ due to market conditions, spreads, slippage, execution quality, and broker specifications.

Always test the EA before live trading and verify the applicable Prop Firm rules before using it in an evaluation or funded account.