Fibo Channel USDJPY
The Fibo Channel USDJPY Expert Advisor is based on Fibo levels built by daily "Fibo channel" candles. The points for building the levels are extreme values that are rebuilt depending on the changes of the trading day Highs/Lows. All levels are automatically visualized on the chart.
The signal is based on two components: 1 - impulse and correction, 2 - entry during the correction towards the impulse. Stop Loss, Take Profit and Trailing Stop are also based on the Fibonacci levels. Trading is carried out by a fixed trading volume.
The Expert Advisor is fully configured and optimized (using forward optimization) for successful trading on USDJPY М15.
- Position_Volume - volume (number of lots) for opening a position.