NEXY Market Structure and Fibonacci Retracement
- Experts
- Version: 1.0
- Activations: 5
NEXY is a professional multi-timeframe trading system based on Market Structure (HH/HL/LH/LL) and Fibonacci Retracement zones.
CORE STRATEGY:
The EA identifies pivot points (higher highs, higher lows, lower highs, lower lows) to determine the market structure.
Once the main structure is established, it calculates Fibonacci retracement zones (0.618-0.786) where the price is likely to retrace before continuing in the direction of the trend. You can select which timeframes to align with the main and M1 timeframes.
Entries are confirmed on the M1 timeframe using one of the 9 available confirmation methods.
✓ Multi-Timeframe Analysis - D1, H4, H1, M15, M5, M1 structure alignment
✓ 9 M1 Confirmation Methods - Touch, CandleClose, BOS, PinBar, Engulfing, Hammer, Doji, CHoCH, LiquiditySweep
✓ Smart Risk Management - Fixed or % Risk lot sizing, configurable SL/TP
✓ Trailing Stop & Break Even - Protect profits as trade moves in your favor
✓ Daily Drawdown Limit - Automatic trading halt when daily loss limit reached
✓ News Filter - Blocks trading during high-impact news events using MT5 Calendar
✓ Session Filters - Configurable Asia, London, New York session trading
✓ Manual Range Mode - Set ranges manually with automatic transition to auto-mode on BOS
✓ Visual Dashboard - Real-time panel showing all TF ranges, alignment status, and trade statistics
RECOMMENDED SETTINGS:
• Symbol: EURUSD (works on other majors too)
• Timeframe: M1 (EA analyzes all TFs internally)
• Primary TF (Zone): H4 (default)
• Minimum Deposit: $500 (recommended $1000+)
• Lot Size: 0.01-0.05 per $500 (Risk 1-2%)
• Leverage: 1:100 or higher
M1 CONFIRMATION METHODS:
1. Touch 0.786 - Price touches Fibonacci 0.786 level
2. Candle Close - Candle closes at/beyond Fib 0.786
3. BOS - Break of Structure - price breaks recent swing
4. Pin Bar - Pin bar candlestick pattern at Fib level
5. Engulfing - Bullish/Bearish engulfing pattern
6. Hammer - Hammer/Shooting Star pattern
7. Doji - Doji candle at Fibonacci level
8. CHoCH - Change of Character - trend reversal signal
9. Liquidity Sweep - Liquidity sweep + reversal pattern
SETUP INSTRUCTIONS:
1. Attach EA to EURUSD M5 chart
2. Enable Auto Trading in MT5
3. Configure lot size based on your account (recommended 0.01 per $500)
4. Set your preferred M1 confirmation method (default: Touch 0.786)
5. Enable News Filter if desired (requires Calendar data in MT5)
6. Let EA run - it will analyze all timeframes automatically
IMPORTANT NOTES:
• Always test on demo account first before going live
• Past performance does not guarantee future results
• Use proper risk management - never risk more than you can afford to lose
• News Filter requires MT5 Calendar data - ensure your broker provides this
Important: After purchasing, please remember to send us a private message to receive the recommended parameters, instructions, precautions, and usage tips. Thank you very much for your support. Author profile (for MQL5 messaging): https://www.mql5.com/en/users/chiriacflorin
DISCLAIMER:
Trading Forex carries a high level of risk and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to trade Forex, you should carefully consider your investment objectives, level of experience, and risk appetite.
