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The Fibonacci Scalper

4.12

The Fibonacci Trader MQL5 expert advisor uses the Fibonacci levels to determine a buy or sell trade with the MACD as confirmation.

The Fibonacci levels work as follows:

Above 61.8
  • SELL if MACD trend is SELL
Trading Range (Ability to select trading input parameters)
  • BUY if MACD trend is BUY
  • SELL if MACD trend is SELL

Below 23.6

  • BUY if MACD trend is BUY

Default settings are configured for EURUSD on M5 Chart.

To work with the news server, you must add the URL ‘http://ec.forexprostools.com/’ in the list of allowed URL tab.

Main menu-> Tools-> Settings tab “Advisors”:

News is not enabled in Strategy Tester.



Check out set files group for latest set files

https://t.me/AlgotradingSetChanges

Join Algotrading_za Telegram group to discuss required updates and share SET files.

https://t.me/algotrading_za



Reviews 42
SIC Forex
18
SIC Forex 2022.06.10 10:30 
 

Great Expert advisor with the right settings.

Alexandre Bellini
229
Alexandre Bellini 2022.05.17 15:48 
 

Muito bom, só gostaria de saber como faço para que depois de abrir um pedido, ele só abra outro depois que o primeiro fechar. Comigo, ele continua abrindo ordens seguidas dentro da mesma negociação sempre que atinge a região de execução. Grato

Very good, I just want to know how I make it so that after opening an order, it only opens after the first one closes. With me, it continues execution orders in a row within the same trade without an execution region being serviced. Grateful

Pak Hong Poon
2066
Pak Hong Poon 2021.09.11 16:31 
 

interesting, thanks for sharing

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EA Black Dragon runs on the  Black Dragon  indicator. The EA opens a deal by indicator color, then there is the opportunity to increase the network of orders or work with stop loss. Works on accounts that support hedging. IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus! Real operation monitoring as well as my other products can be found here:  https://www.mql5.com/en/users/mechanic/seller Inputs Value  ·            Open new series – True/False – EA will op
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SIC Forex
18
SIC Forex 2022.06.10 10:30 
 

Great Expert advisor with the right settings.

Alexandre Bellini
229
Alexandre Bellini 2022.05.17 15:48 
 

Muito bom, só gostaria de saber como faço para que depois de abrir um pedido, ele só abra outro depois que o primeiro fechar. Comigo, ele continua abrindo ordens seguidas dentro da mesma negociação sempre que atinge a região de execução. Grato

Very good, I just want to know how I make it so that after opening an order, it only opens after the first one closes. With me, it continues execution orders in a row within the same trade without an execution region being serviced. Grateful

Farouk Elshahat
59
Farouk Elshahat 2022.05.14 21:34 
 

THE EA IS WORKING GOOD SO FAR FOR PAIRS "EURUSD"&"GBPUSD" WITH TIME FRAME M5 WITH PROPER INPUT BUT BACKTEST IS NOT PROMISING .

Andrew Lim Mao Tung
20
Andrew Lim Mao Tung 2022.03.03 01:56 
 

Good EA, Profitable.

member
283
member 2021.11.06 09:00 
 

I like it!

asghar aghnoom
236
asghar aghnoom 2021.10.10 16:55 
 

lose

Kasper Hytonen
294
Kasper Hytonen 2021.09.27 22:39 
 

Nice EA with proper inputs

fedaouche mohamed
74
fedaouche mohamed 2021.09.22 16:02 
 

bad

fared3032
78
fared3032 2021.09.22 16:02 
 

free product always useless

Pak Hong Poon
2066
Pak Hong Poon 2021.09.11 16:31 
 

interesting, thanks for sharing

George Chitsike
22
George Chitsike 2021.07.26 10:57 
 

User didn't leave any comment to the rating

Gilmar de Souza
44
Gilmar de Souza 2021.07.22 13:59 
 

Muito bom, parabéns pela iniciativa!

Evgeny Belyaev
309106
Evgeny Belyaev 2021.07.14 21:59 
 

It's a really good EA

RDBS
104
RDBS 2021.07.04 17:07 
 

not ok

joomlaplates
99
joomlaplates 2021.07.03 09:53 
 

I use fibo scalper and its running better than some other paid EA which i tried. But some questions. Whats the best time to run? Over night or after the market has opened? And can i use the scalper with 1 pair only. What pairs are the best? BTW I am on IC Markets with 1:500 leverage. Thanks, Peter

areteus areteus
425
areteus areteus 2021.05.16 22:31 
 

It works well but ony EUR/USD..

Dmitry Kondrashov
326
Dmitry Kondrashov 2021.04.20 17:17 
 

Agreed with Craig. The author totally delusional and does backtests/optimization without understanding that the modelling should be done on "Every tick based on real ticks".

STANTON ROUX
26124
Reply from developer STANTON ROUX 2021.04.20 17:22
Hi There. All latest sets in my set file group are done on real ticks. Please explain the delusion.
Craig Beall
84
Craig Beall 2021.04.15 12:58 
 

With regards to Dmitrii Kondrashov's review / comment, I have since revised my review as the fault was not with the product but with the way I was carrying out my optimisations. I was using 1 minute OHLC to optimise when I should have been using Open prices or Real ticks. Then secondly my broker only provided real ticks back to 2019 so I had to use the Tickstory website to get 5 years worth or real ticks for backtesting. With those two problems realised and resolved I know have reliable results in real tick backtesting by optimising using Open prices 1/2 forward from 5 years of genuine tick data. It was a steep learning curve for me but finally I am on the right track. I hope anyone else reading this who is struggling to get reliable results from this product can take something constructive away from this review. So in short, great product Stanton, and I look forward to using it in a live account in the coming months once I am fully ready.

otckg
14
otckg 2021.04.06 17:19 
 

とても良いです。私はusdchf,usdjp,eurusd、3つのチャートH6で使用してますが、総合的に黒字なので満足してます。

Leonardo Artur
38
Leonardo Artur 2021.03.24 22:38 
 

is it possible to put the robot to work only with the opening and closing of the price? so the quick test would be more accurate

STANTON ROUX
26124
Reply from developer STANTON ROUX 2021.03.30 14:35
Hi There the ea does trade on new bar
Tenisoy Araujo
41
Tenisoy Araujo 2021.03.08 19:23 
 

What's up guys! Beauty? Look, I lost all my money with Fibo Pro. Well, but I was also already developing my own robot. I took the test and last year he returned 7500% on EURUSD !! However, it is not a reliable robot. It can make you a millionaire, but it can also make you lose everything. I came to the conclusion that Forex is a gamble. Bet only what you are not afraid to lose.

liamcobby
24
liamcobby 2021.03.01 18:48 
 

Within the first hour i was at a huge negative profit.

STANTON ROUX
26124
Reply from developer STANTON ROUX 2021.03.01 18:56
Hi There. I am sorry to hear about your losses please let me know what sets you are using and if you have got the latest sets from my telegram group.
Miguel Jimenez Cordero
7204
Miguel Jimenez Cordero 2021.02.14 10:32 
 

Not bad.

airehman1982
19
airehman1982 2021.02.10 06:12 
 

This EA is very promising, wonderful results so far. will test for a month. and give you another review. so far full 5 star.

paulistatk
14
paulistatk 2021.02.06 16:12 
 

very nice EA! thank you very much!

Jens Bruns
2161
Jens Bruns 2021.01.25 20:49 
 

My rating explanation: 1 star: very bad 2 stars: bad 3 stars: has potential 4 stars: good 5 stars: very good

didivienna
14
didivienna 2021.01.20 07:55 
 

Ein Wort: PERFEKT!!! Ich verwende als "Anfänger mit ein klein wenig FOREX-Kenntnissen" den EA mit den Standard-Einstellungen zurzeit auf einem USD 2.000,-- Demokonto und bin begeistert ob der erfolgreichen Trades! :-) Folgende Charts verwende ich (vorher mit 1-Jahres Backtest getestet): EURUSD-M30, GBPUSD-M30, USDCHF-M1 und EURJPY-H4 Die Standard-Einstellungen verwende ich auch deshalb, weil ich noch nie einen EA benutzt habe und mich noch nicht eingelesen habe, wie man diese ändern bzw. optimieren kann. One word: PERFECT!!! I'm currently using the EA as a "beginner with a little bit of FOREX knowledge" on a USD 2,000 demo account with the default settings and I'm thrilled about the successful trades! :-) I use the following charts (previously tested with a 1-year backtest): EURUSD-M30, GBPUSD-M30, USDCHF-M1 and EURJPY-H4 I also use the standard settings because I've never used an EA and haven't read up on how to change or optimize it.

galguta44
38
galguta44 2020.12.29 17:58 
 

szia! nem irtad le , hogy 1 lottal müködi8k! De jonak tünik mt5 30 percesen nyitotam kb 3 napja használom az EURUSD 30 percesen jol müködik 2 nyitással kezdett SL és TP -t is hozzá nyitotta elég magasra egyik pozicio esett de az SL szintet felemelte igy nem vesztetem a nyitási pénzböl nyitás 0,30 lot zárás 0,45 kiválo lehte vele kereskedni hosszabb távon is!! kösszönöm István!

Toh Chee Chong
139
Toh Chee Chong 2020.12.17 03:26 
 

This is the best free EA I tried!

Giordan Costa
1122
Giordan Costa 2020.10.12 18:26 
 

I have been using it for 1 month and a half now with the author's sets on the telegram group and I have steady profits and low DD, Stanton is always ready to answer my question and help if you need. Full 5 stars.

agmarcovich
86
agmarcovich 2020.10.01 22:09 
 

User didn't leave any comment to the rating

FranzReither
49
FranzReither 2020.10.01 09:57 
 

You are not the risky type of person but still want to make some first profitable trades? You don't have to be ashamed for that, even Hitler tried the Blitzkrieg on the Benelux countries before invading France. And since I back tested the EA for myself (as you should do too!), and didn't get a drawdown over 10%: I can guarantee you, that there won't be an Operation Neptune! So go one and try the Fibonacci Scalper free, make some profitable trades and then invest the money you made into the Fibonacci Scalper Pro. Believe me, you won't regret it.

Petsman
143
Petsman 2020.09.30 16:27 
 

This EA is a beast... still learing how to use best in different market situations, but potential is huge! Managed to gain 70% on demo in 3 days with a DD of 5-10% only (no Joke, nearly just blue lines on the screen). In the Telegram group I got many support by programmer and other user answering questions/sharing setfiles, rarely experienced that on other EA project, especially when they are for free... With my next profits I will for sure go with the pro version. Great job!

Priyo Yusrianto
45
Priyo Yusrianto 2020.09.30 16:09 
 

Fibonacci simply worked, in this EA case. Superbly! and the group is also very supportive in providing sets.. In the end.. I bought the pro!!

Joleo Sagdullas
797
Joleo Sagdullas 2020.09.15 13:34 
 

Thanks for making free advisors...working great.

Sebastian Schmidt
581
Sebastian Schmidt 2020.09.03 13:23 
 

Super Profite generiert der EA jeden tag beste erfolge... und eine klasse Telegram Gemeinschaft in der sich jeder wohlfühlt und bei bedarf hilfe bekommt.

Guilherme Jose Mattes
1353
Guilherme Jose Mattes 2020.07.09 16:07 
 

User didn't leave any comment to the rating

Marcel Kreuter
256
Marcel Kreuter 2020.07.07 13:10 
 

Stanton makes quite good EAs. Great response and even individual wishes are quickly implemented!

Vladimir Shumikhin
1974
Vladimir Shumikhin 2020.06.08 17:22 
 

Крутой робот без даже без оптимизации хорошие результаты

Angel Murcia
30
Angel Murcia 2020.06.07 15:54 
 

I really like this expert advisor, you just have to know how to use it. The author is very kind and answers questions. I recommend it.

David Diez
2788
David Diez 2020.05.27 07:49 
 

https://www.mql5.com/en/market/product/50160#!tab=comments&page=1&comment=16564241

mt4_jupo
1581
mt4_jupo 2020.05.25 16:44 
 

Expert advisor looks promising to me.After the expert was further optimized (for EURUSD), it showed even better results than with default setting.

Reply to review
Version 1.7 2020.10.08
Added ability to create stop orders and limit orders
Version 1.6 2020.06.08
Fix bug when using % of margin on a sell trade (Trade did not open)
Version 1.5 2020.06.07
Added ability to select Fibonacci Trading range from input parameters
Version 1.3 2020.06.07
Add ability to choose between fix lot and percentage of Margin

Version 1.2 2020.05.27
Decrease trade sensitivity

Minor bug fixes
Version 1.1 2020.05.26
Extended open trading range to between 23.6 and 61.8 levels.