The EA works on Fibonacci levels. The levels are built automatically, in the settings you can set the number of bars to build the levels and the minimum trend, which should be considered as suitable for trading. The robot can work both to continue the trend from the level of 78.6 to the level of 100, and to rollback from the level of 78.6 to the level of 50.
Strategy for kickbacks works great at short-term trends on the charts from M15, when protracted trends recommend the use of a strategy for the continuation of the trend.
- Strategy - Choice of strategy to continue the trend, or a reversal.
- Martingale - You can enable or disable martingale.
- Multiplier - Lot Multiplier with martingale enabled.
- Auto lot - Auto lot. Specify the amount for 0.01 lot.
- Lot - Lot of the initial order.
- Number of bars - How many bars to take into account to build levels.
- Minimal Trend (in points) - What is the minimum trend to take to build levels (considered points from high to low trend).
- Slippage-Maximum allowed slippage.
- Magic Number-magic number.