Fibo Expansion Auto Redraw Trade Assistant

Current price is an introductory launch price for early users. The price may be adjusted in future versions as the product receives updates and improvements.



Fibo Expansion Auto Redraw Trade Manager

Fibo Expansion Auto Redraw Trade Manager is a MetaTrader 4 Expert Advisor designed to help traders manage trades and alerts around manually drawn Fibonacci Expansion objects.

The EA works with a user-defined Fibonacci Expansion setup. It can send alerts or open trades at predefined FE levels, using risk percent position sizing, a maximum spread filter, Stop Line protection and selected alert channels.

As price develops, the EA can automatically redraw the monitored Fibonacci Expansion object after a qualifying pullback. This helps keep the active FE structure aligned with the latest expansion-and-pullback sequence, without rebuilding the object manually after every valid update.

The trader remains in control of the initial analysis, Fibonacci Expansion object placement, FE levels, risk settings and execution mode.

Product Overview

This EA is a trade management assistant for traders who work with repeated Fibonacci Expansion and pullback sequences. It does not replace analysis. It helps manage the object, alerts and optional execution around a setup drawn by the trader.

The tool is intended primarily for Forex testing first. Metals, indices and crypto CFDs may depend on broker-specific symbol settings such as tick value, tick size, lot step, minimum lot and stop level.

Core Workflow

The EA uses a single-entry configuration per monitored Fibonacci Expansion object: one setup color, one BUY entry and one SELL entry.

This is not a one-object limit. If several Fibonacci Expansion objects with the selected color are placed on the same chart, each matching object can be handled as a separate setup using the same input settings.

Key Features

  • Works with manually drawn Fibonacci Expansion objects.
  • Pullback-confirmed Fibonacci Expansion auto-redraw.
  • One selected setup color.
  • One BUY entry and one SELL entry per monitored FE object.
  • Entry, Stop Loss and Take Profit based on FE levels.
  • Risk percent lot calculation.
  • Maximum spread filter.
  • Stop Line support.
  • AlertOnly mode.
  • AutoTrade mode.
  • RedrawOnly mode.
  • Popup and push alerts.
  • Multiple matching FE objects can be monitored on the same chart.

Quick Start

  1. Open a chart in MetaTrader 4.
  2. Attach Fibo Expansion Auto Redraw Trade Manager to the chart.
  3. If you want automatic trading, enable Allow live trading in the EA settings and enable AutoTrading in MT4.
  4. By default, the EA runs in the safer AlertOnly mode, which sends alerts but does not open trades.
  5. Manually draw a Fibonacci Expansion object on the chart.
  6. Set the ray/main object color of the Fibonacci Expansion object to match FiboColor1.
  7. By default, FiboColor1 = Red; this means the color of the FE rays/main object, not the colors of individual FE levels.
  8. The EA monitors only Fibonacci Expansion objects with the selected color.
  9. You can place several matching Fibonacci Expansion objects on one chart. Each matching object is treated as a separate setup.

Execution Modes

  • AlertOnly - the EA sends entry alerts but does not open trades.
  • AutoTrade - the EA can open trades when the conditions are met.
  • RedrawOnly - the EA only monitors and redraws Fibonacci Expansion objects, without entry alerts and without trades.

Fibo Settings

  1. FiboColor1 selects the Fibonacci Expansion object color the EA should monitor.
  2. Minimum Fibo Pullback Range (Points) defines the minimum required pullback range in points.
  3. The EA uses FE levels configured in the EA inputs, not the visual level list shown inside the Fibonacci Expansion tool.
  4. The colors of individual FE levels are not used to identify a setup. The EA uses the ray/main object color.

BUY And SELL Settings

BUY Settings

  1. BuyBrTouch defines the BUY touch level before redraw.
  2. BuyBrUpdate defines the BUY breakout/update level for redraw.
  3. BuyRiskPcnt defines BUY position risk as a percent of account balance.
  4. BuyFEOpen defines the FE level for BUY entry.
  5. BuyFESL defines the FE level for BUY Stop Loss.
  6. BuyFETP defines the FE level for BUY Take Profit.

SELL Settings

  1. SellBrTouch defines the SELL touch level before redraw.
  2. SellBrUpdate defines the SELL breakout/update level for redraw.
  3. SellRiskPcnt defines SELL position risk as a percent of account balance.
  4. SellFEOpen defines the FE level for SELL entry.
  5. SellFESL defines the FE level for SELL Stop Loss.
  6. SellFETP defines the FE level for SELL Take Profit.

Risk And Execution

  1. By default, BuyRiskPcnt and SellRiskPcnt are set to 0.1, meaning 0.1% of account balance.
  2. MaxSpread blocks entry if spread is higher than the configured limit.
  3. MagicNumber identifies trades opened by the EA.
  4. SlippagePoints defines allowed slippage in points.
  5. The EA checks minimum lot, maximum lot, lot step, margin and the broker's minimum SL/TP distance.

Stop Line

  1. If StopLine = true, the EA can stop after price touches a special horizontal line.
  2. To use Stop Line, draw a horizontal line on the chart.
  3. Set the line color to blue.
  4. Set the line width to 3.
  5. When price touches this line, the EA stops working on that chart.

Alerts

  1. UsePushNotifications = true enables push notifications to the MT4 mobile app.
  2. UsePopupAlerts = true enables popup alerts inside the MT4 terminal.
  3. For push alerts to work, configure notifications in MT4 settings first.

Auto-Redraw

  1. Auto-redraw updates the Fibonacci Expansion object only when the configured touch/breakout conditions are met.
  2. Auto-redraw does not predict market direction.
  3. Auto-redraw does not search for setups by itself.
  4. The trader remains responsible for the initial analysis and the first manually drawn Fibonacci Expansion object.

Testing Notes

  1. Test the EA in Strategy Tester first.
  2. Then test it on a demo account.
  3. Check the Experts and Journal tabs.
  4. Verify lot size, SL, TP, spread and auto-redraw behavior.
  5. Test primarily on major Forex pairs first.
  6. Metals, indices and crypto CFDs may depend on broker settings such as tick value, tick size, lot step, minimum lot and stop level.

Important Notes

  1. The EA does not provide financial advice.
  2. The EA does not guarantee profit.
  3. The EA does not find trades without a user-drawn setup.
  4. The EA is a tool for alerts, execution and Fibonacci Expansion object management.
  5. Always test any trading tool on a demo account before using it on a live account.

FAQ

Is this an indicator?

No. It is a MetaTrader 4 Expert Advisor. It can monitor the chart, send alerts and optionally place trades through MT4.

Does the EA find setups automatically?

No. The user manually draws the Fibonacci Expansion object. The EA manages the setup that is already placed on the chart and matches the selected color.

Can it open trades automatically?

Yes, if TradeMode is set to AutoTrade and MT4 AutoTrading is enabled. In AlertOnly mode, the EA sends alerts only.

Can I use it only for alerts?

Yes. AlertOnly mode is designed for manual trading, testing and setup monitoring without automatic execution.

Why does the EA not react to my Fibonacci object?

Common reasons include:

  • the object color does not match FiboColor1,
  • Fibonacci Retracement was used instead of Fibonacci Expansion,
  • the market is not receiving ticks,
  • the EA is not active on the chart,
  • the Stop Line has stopped the EA,
  • the range is smaller than Minimum Fibo Pullback Range (Points).

Can I use more than one FE object on the same chart?

Yes. If several Fibonacci Expansion objects use the selected FiboColor1, each matching object can be treated as a separate setup. All matching objects use the same EA inputs.

Does this include multiple entry levels?

No. The EA uses a single-entry configuration per monitored FE object: one BUY entry and one SELL entry.

Does it include partial close, break even or trailing stop?

No. This version is focused on a clean workflow: manually drawn Fibonacci Expansion, pullback-confirmed auto-redraw, Entry / SL / TP, risk percent, alerts and optional AutoTrade.

Does auto-redraw predict the market?

No. Auto-redraw does not predict direction. It only updates the Fibonacci Expansion object when the configured redraw conditions are met.

Does it work on gold, indices or crypto CFDs?

It may work, but broker specifications matter. For metals, indices and crypto CFDs, always check tick value, tick size, minimum lot, maximum lot, lot step and stop level. Test on demo first.

Does the EA guarantee profit?

No. The EA does not guarantee profit and does not remove trading risk. It is a trade management and execution assistant for user-defined setups.

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Pattie Opening Range Breakout (ORB) is a range of price variation, which for each session, it generates a combination of support and resistance levels, positioning itself in favor of breaking out of the bands, when it is exceeded on the upside is a signal to buy or enter long and when it is exceeded on the downside it is a signal to sell or enter short. Pattie Break Out  EA  is a specialized trading tool designed to automate  time session-based breakouts . The EA operates by drawing a price rang
Gold Safe MT4 EA
Anton Zverev
3.67 (3)
Experts
Live Signal:   https://www.mql5.com/en/users/varkotechnologies/seller MT5 version:   https://www.mql5.com/en/market/product/164203 Timeframe:       M1 Currency pair:       XAUUSD Gold Safe EA Manual: https://www.mql5.com/ru/blogs/post/770312 Varko Technologies   is not a business, it is a philosophy of freedom. I am interested in long-term cooperation and building a reputation. My goal is to continuously improve and optimize the product to meet changing market conditions. Gold Safe EA       -
XIRO Robot MT4
MQL TOOLS SL
5 (6)
Experts
XIRO Robot is a   professional trading system   created to operate on two of the most popular and liquid instruments on the market:  GBPUSD,  XAUUSD and BTCUSD . We combined two proven and well tested systems, enhanced them with multiple new improvements, optimizations and additional protective mechanisms, and integrated everything into one advanced and unified solution. As a result of this development process, XIRO Robot was created. Robot was designed for traders who are looking for a reliable
GOLD Scalper PRO
Lachezar Krastev
4.48 (25)
Experts
ULTIMATE SALE! Get GOLD Scalper PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270! Don't Miss!) Live Results:   https://www.mql5.com/en/signals/2353871 GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for tra
Gold King AI MT4
Rodrigo Arana Garcia
5 (1)
Experts
Only 1/5 copies left at this price ---> Next price 250$ //  MT5 Version Gold King AI was created using TensorTrade, an open-source Python framework designed specifically for building, training, evaluating, and deploying robust trading algorithms using reinforcement learning. The algorithm operates during the New York trading session. After analysing the market for a couple of hours to identify areas of interest, it places pending orders that are executed when the price reaches them. This quickl
Trust EA MT4
Konstantin Kulikov
5 (1)
Experts
Trust EA   is a real trader's tool, working on a clear principle, with its advantages and disadvantages, so it will not suit everyone, but for some users it can become the best trading robot. * Limited special offer - 50% off the full price of the product. Only 5 copies at this price. The final price is 997$ * Discuss the complexities of Forex trading here:  chat "Age of Expert Advisors" . Logic I have been working with algorithmic trading systems since 2015, and in my experience, systems with
Aura Superstar MT4
Stanislav Tomilov
4.78 (9)
Experts
Aura Superstar  is a fully automated EA designed to trade  currencies during rollover time .  It is based on machine learning cluster analysis and genetic scalping  algorithms. The first multi-currency scalper using deep machine learning mechanism, a multi-level perceptron and an adaptive neuro filter combined with classic indicators. Expert showed stable results since 2003 year. No dangerous methods of money management used, no martingale, no grid, or hedge. Suitable for any good ECN broker.  I
The Gold Space MT4
Ayush V Jain
Experts
Live Signal on Vantage https: // www.mql5.com/en/signals/2378091 live signal is running mode/option 1 with autolot 2 % risk. Overview:  The Gold Space is a fully automated, professional-grade Expert Advisor specifically engineered for the XAUUSD (Gold) market. Designed natively for MetaTrader 4, this EA capitalizes on high-probability volatility expansions using a precise, dynamically calculated breakout algorithm. It eliminates emotional trading by strictly adhering to institutional-level risk
Golden Mirage mt4
Michela Russo
5 (9)
Experts
Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
EA Budak Ubat
Syarief Azman Bin Rosli
4 (3)
Experts
Download Trial EA Budak Ubat Channel Limited Time Price! The price will increase by 10 USD after every 10 purchases! How it works When the EA is active, it will analyze the chart based on the Execution Mode parameter. If there are no existing positions on the chart, the EA will enter a trade based on the parameter. If the trend is bullish, it will enter a buy trade and if it is bearish it will enter a sell trade. And it will also set a Stop loss order at a certain distance from the opened trad
HFT Prop Firm EA
Dilwyn Tng
4.96 (631)
Experts
HFT Prop Firm EA is  also known as Green Man due to its distinctive logo, is an Expert Advisor (EA) crafted specifically for overcoming challenges or evaluations from proprietary trading firms (prop firms) that permit High-Frequency Trading (HFT) strategies. With version 5.8 and above GreenMan  HFT Prop Firm EA is plug and play for for almost true HFT prop firm challenges without setfiles with it newly improved automatic features.  MT5 version:  https://www.mql5.com/en/market/product/117386
Forex Dominance MT4
Ebrahim Mohamed Ahmed Maiyas
5 (2)
Experts
An advanced Expert Advisor powered by artificial intelligence and machine learning, specifically designed for analyzing Forex Market. It adapts to price movements and market fluctuations to detect potential trading opportunities. Discounted price   . The price will increase by $50 with every 5 purchases. No Risky Strategies   –   Does not use martingale or grid methods Artificial Intelligence Integration: At the heart of this EA les a sophisticated AI engine capable of recognizing complex patte
Supply Demand EA ProBot
Georgios Kalomoiropoulos
4.67 (9)
Experts
Algorithmic Trading  based on Supply and Demand Principles.  Super High Quality Software that covers all trading styles Manual, Semi-Auto and Full-Auto. Now trading Becomes Effortless, offering full control over your trading strategy through a User-Friendly graphical Trading Panel. Through various settings and customization options, every trader can create a strategy that fits their own needs and personal trading style. It is offering limitless possibilities and this is the magic of this unique
FCK Gold Killer
Patel Hitendrakumar Mahendrabhai
5 (2)
Experts
FCK Gold Killer Ea  is a fully automated trading system that trades on the pairs  XAUUSD, US500  on    M1  Time Frame.    FCK Gold Killer Ea   uses an  Advanced-Smart Breakout System  for Scalping analyses the market conditions. This unique feature allows   It’s pure Price Action trading, mean reversal system that utilizes peakedness of market distribution to identify trend reversals safely. This Scalping EA uses a unique trading system that combines sophisticated automated trading with user dis
EA Legendary Scalper MT4
Ruslan Pishun
2 (1)
Experts
Real monitoring :   XAUUSD M30 SL3 ,          XAUUSD M30 SL5 For more information, please contact us via private message or in  the mql5 group. THERE   ARE   ONLY  2   OUT   OF   10   COPIES   LEFT   AT   A   PRICE   OF  649   USD ! AFTER   THAT , THE   PRICE   WILL   BE   INCREASED   TO  920   USD . Imagine that you have an experienced trader who monitors the market every day, waits for the price to break through an important level, and instantly opens a deal. That's exactly what this advisor
Javier Gold Scalper V2
Felipe Jose Costa Pereira
5 (4)
Experts
Javier Gold Scalper: Our Technology by Your Side! Manual and configuration files: contact me after purchase to receive the manual and configuration files Price: The price increases according to the number of licenses sold Available copies: 5 Trading gold, one of the most volatile assets in the financial market, requires high precision, thorough analysis, and extremely effective risk management. The Javier Gold Scalper was developed specifically to integrate these pillars into a robust and sophi
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