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ZigZag Fibo EA MT5

4.83
The EA trades with the trend. The direction of the trend is determined by the ZigZag indicator.

The Fibonacci grid is superimposed in the direction of the trend. At a given Fibonacci level, a limit order is placed in the direction of the trend.

The following levels are available for placing an order:
  • 23.6
  • 38.2
  • 50.0
  • 61.8
  • 78.6
Stop loss is set to the Fibo level of 100 or specified by the user in the EA settings.

Take profit is set to Fibo level 0 or specified by the user in the EA settings.
Settings:
  • Lot Size - lot size
  • TakeProfit - take profit value when choosing a fixed TP. 0 - disabling TP
  • TP Type - take profit type: fixed or Fibo 0
  • StopLoss - stop loss value when choosing a fixed line. 0 - disabling SL
  • SL Type - stop loss type: fixed or Fibo 100
  • Fibo Entry Level Buy - Fibo level for placing a limit order to buy
  • Fibo Entry Level Sell - Fibo level for placing a limit order to sell
  • Min Fibo size to place order - minimum Fibo grid size to place an order in points
  • Close by continue Zigzag - closing an order when a new trend appears according to the Zigzag indicator
  • Start Trading Time - trading start time
  • End Trading Time - end time of trading
  • Trading Monday - allow trading on Monday
  • Trading Tuesday - allow trading on Tuesday
  • Trading Wednesday - allow trading on Wednesday
  • Trading Thursday - allow trading on Thursday
  • Trading Friday - allow trading on Friday
  • TrailingSL - enable trailing stop
  • TrailingSL Activation - trailing activation level in points
  • TrailingSL Distance - distance to price in points
  • TrailingSL Step - SL moving step
  • MagicNumber - magic orders
  • Slippage - slippage when closing an order
  • ExpertComment - commentary on orders


Reviews 6
KojiIto
94
KojiIto 2024.05.19 03:34 
 

Works well, recommend.

DylanKnapman
20
DylanKnapman 2024.04.03 19:55 
 

A+! Great EA! Worth checking out!

Sebastian Schmidt
1209
Sebastian Schmidt 2024.03.26 05:08 
 

brilliant thank you very much

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Welcome to   GoldExcel EA , an effective trader for the XAUUSD pair (GOLD). Developed by our team to work in normal accounts, funded prop accounts and prop challenges! Does not use HFT! See all products here:   https://www.mql5.com/en/users/fxmanagedforexltd/seller Special DEAL: Get ANY 1 EA for free (for 2 trade accounts) after purchase of GOLDEXCEL - contact me after purchase. Super PACK - Get all 4 of my EA for special PRICE - contact me. Trading PERFORMANCE Accounts (over 6+ months verified
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KojiIto
94
KojiIto 2024.05.19 03:34 
 

Works well, recommend.

Jose Pedro Dominguez Moreno
270
Jose Pedro Dominguez Moreno 2024.04.11 15:44 
 

muy bueno

DylanKnapman
20
DylanKnapman 2024.04.03 19:55 
 

A+! Great EA! Worth checking out!

Sebastian Schmidt
1209
Sebastian Schmidt 2024.03.26 05:08 
 

brilliant thank you very much

8589749
16
8589749 2024.03.26 04:30 
 

Tem tido bons acertos nas operações

Calogero Vella
531
Calogero Vella 2024.03.15 23:32 
 

nice one! thanks a lot

Reply to review
Version 1.1 2024.03.04
- Added setting trading time on Saturday and Sunday