Auto Fibonacci on Trade

[Isaiahik46]

Hi

Has anyone got a script or indicator that attaches the Fibonacci automatically to your trades?; (to entry point & Stop loss)

would really appreciate it.

Thanks

[Dark Ryd3r]

you can modify this to add to your entry point & Stop loss by converting to EA

https://www.mql5.com/ru/code/1535

[Isaiahik46]

Dark Ryd3r #:

you can modify this to add to your entry point & Stop loss by converting to EA

https://www.mql5.com/ru/code/1535

How would I do that?

[Joerg Hartgen]

1. Follow the link of Dark Ryd3r

2. Download the "fibos.mq5"

3. Open it with your IDE (= MQL 5 Editor)

4. Compile it

5. Use the "iCustom" function in your MQL5 program to acces the custom indicator "fibos.mq5" and calculate values by it. How to do this:  https://www.mql5.com/en/articles/5

[Isaiahik46]

Hi 

I'm not familiar with coding; could you give me a slightly better understanding?

[Joerg Hartgen]

1. Define your script very well. Write everything down how it should work. Write down the logic of your trading system as detailed as you can.

2. Learn Coding and code it yourself OR post it as a job for a freelancer, get and compare the quotes, pay for it and you're done.

[Tobias Johannes Zimmer]

Maybe it would help to calculate the ratio between the fibonacci level that you want to use and apply the ratio to the distance of stop loss and take profit?

What parts of an EA do you have already, can you show some code? Maybe search for a simple EA on the code base or on YouTube...