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Fibo Power

Fibo Power is an automated trading system based on the fundamental mathematical principle - the Fibonacci sequence. The EA's trading rules are formed by combining the logical blocks from separate conditions and their modifications, which describe various characteristics of impulse and retracement structures. Such an approach to selection of parameters in the EA allows developing differently specialized strategies, from trend-following to scalpers, as well as applying the Fibonacci pattern as efficiently as possible.

The Expert Advisor DOES NOT use hedging, martingale, grid, arbitrage etc.


Main features of the EA

  • Fully automated.
  • The trade rules of the EA are based on the application of fundamental market regularities.
  • The advanced EA configuration system allows adapting its operation to any market with any spread and period.
  • Testing showed high values of trade indicators of profit factor and average profit per deal (up to 100 points).
  • The effectiveness of the EA is confirmed on real accounts.


Adjustable Parameters

  • TradeEnabled - if true, trading is allowed;
  • Lots - fixed trading lot;
  • Risk - percentage of the balance to be used in trading;
  • MaxLots - maximum lot;
  • MaxSpread - maximum spread;
  • MaxSlippage - maximum price slippage;
  • SpecTickMode - handle the EA with a specified periodicity (the PeriodRecalculated parameter);
  • PeriodRecalculated - EA handling period;
  • TimeHourRange - if true trade in a given time range only;
  • TimeHourStart - trading start hour;
  • TimeHourEnd - trading end hour;
  • Trailing - if true, use trailing stop;
  • TrailingStop - trailing stop in points;
  • Breakeven - use breakeven level;
  • BreakevenLevel - breakeven level in points;
  • TrendStrengthFactor - additional impulse length rule;
  • TrendStrength -price impulse length;
  • TrendStrengthDelta - additional impulse speed rule;
  • ImpulseOrCorrection - if true, uses impulse waves; if false, uses retracement waves;
  • procX - Fibonacci number expressed as a fraction from 0 to 1;
  • TrendLength - trend length;
  • TakeProfit - fixed take profit in points;
  • StopLoss - fixed stop loss in points;
  • PendingLevel - fixed pending order level;
  • CO0 - logical parameter of the strategy configuration (from 0 to 3);
  • CO1 - logical parameter of the strategy configuration (from 0 to 2);
  • CO2 - logical parameter of the strategy configuration (from 0 to 4);
  • angleX - angle of the trend;
  • CO1 - logical parameter of the strategy configuration (from 0 to 2);
  • CO4 - logical parameter of the strategy configuration (from 0 to 2);
  • CO5 - logical parameter of the strategy configuration (from 0 to 2);
  • tX - time offset from the extremum for the signal;
  • CO6 - logical parameter of the strategy configuration (from 0 to 12);
  • nX - width of the trend;
  • CR1 - logical parameter of the strategy configuration (from 0 to 1);
  • PriceCloseLevel - price offset for closing a pending order;
  • CR2 - logical parameter of the strategy configuration (from 0 to 1);
  • TimeCloseLevel - time offset for closing a pending order;
  • CR3 - logical parameter of the strategy configuration (from 0 to 7);
  • InfoMode - display information on the screen.


Recommendations:

  • Trading instruments: EURUSD, GBPUSD, AUDUSD, USDJPY, USDCAD, USDCHF, XAUUSD;
  • Trading period: H1, H4.
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