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The Fibonacci Scalper

FREE

Published: 25 May 2020

Current version: 1.7

The Fibonacci Scalper

4.22

Experts
STANTON ROUX
STANTON ROUX
CEO at Algotrading

South Africa

48698
4 (90)
11 products 1 code 5 topics 8 comments
Version: 1.7
Updated: 8 October 2020

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.

more...

4057

Benjamin Afedzie 2025.07.04 21:04 #

best indicator

737

65638263 2024.06.10 11:25 #

muchas gracias, probando el producto pero se ve prometedor gracias

2168

Calogero Vella 2024.03.04 10:53 #

Very nice! Thanks for the work!

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Multifarious EA – your ultimate multi-strategy trading ally, designed for the BYBIT platform but ready to shine on any MT5 trading setup. This advanced EA empowers you with over 30 strategic combinations by pairing 5 top indicators, giving you complete flexibility and control in the fast-paced world of crypto. Why Multifarious? Endless Strategy Options : Unlock the potential of Moving Averages, RSI, Momentum, Fibonacci, MACD, ATR, and more. Combine or layer them for tailored trading setups that

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V-Wave EA Unlock the power of automated trading with V-Wave EA ! This cutting-edge Expert Advisor integrates a robust set of indicators, including VWAP , Moving Averages , IBS , and FIBO Levels for precise entries. Key Features: 1. Powerful Indicators: VWAP (Volume-Weighted Average Price): The core of the strategy, ensuring optimal entries based on volume-driven market trends. Two Moving Averages: Customize crossover and trend strategies for added confirmation. IBS (Internal Bar Strength): Fin

99 USD

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511

shogun1543 2025.11.02 03:03 #

Good!

[Deleted] 2025.07.07 03:26 #

User didn't leave any comment to the rating

4057

Benjamin Afedzie 2025.07.04 21:04 #

best indicator

Marc Lefèvre 2025.02.16 08:04 #

EA idea is ok.

Mirec_78 2024.09.07 10:08 #

Terrible, more lossy than profitable.

MolinaGalo1972 2024.06.29 20:03 #

Acabo de descargarlo, probaré a ver si todo marcha bien... espero que si.. pues se ve bueno a simple vista...

737

65638263 2024.06.10 11:25 #

muchas gracias, probando el producto pero se ve prometedor gracias

Marc.Parrish 2024.06.01 16:42 #

I have been running this for 2 weeks for EURUSD with M5 timeframe as advised. I observed lots of SL and not even single TP. Therefore I don't advise.

[Deleted] 2024.05.28 04:38 #

User didn't leave any comment to the rating

Shenol Angelov 2024.04.25 09:07 #

blagodarq interesno

2168

Calogero Vella 2024.03.04 10:53 #

Very nice! Thanks for the work!

BeeCoola 2023.10.31 16:36 #

Unfortunately it did not work for me.

Ravanity2021 2023.06.01 11:25 #

I trial this out on a demo account, and it works well. It's more than what I expected.

210

kentarou sumi 2023.04.19 14:38 #

I have used it with default setting and M30 chart. Some Doll Pair, I think it work well. thank you, Regards.

MSFinancial 2022.12.01 23:04 #

Bad experience! Does not work for me….

239

Filipe Pereira 2022.10.21 18:16 #

Well it looks work very well. Iam using the V4 setup however instead 1% risk i decided to put 4% risk because like that i will open 0.04 lot for me its about 4000$ instead 0.01 lot or 1000$ trades. I just have 750$, so 4% profit or 4% loss per trade looks good to this ammount of investment. I also decided to use the news link that will make not open trades during eur usd news . I personally like trend and FIbonacci strategy so this simple robot will watch the market for me trying spot a place to enter the market . On V4 setupversion stoploss, take a profit and trailing stop poins are very well choosed for actual dynamic market conditions on this time frame. So i dont know what else can be done to be improved for a low drawndown algotrading without compromise a decent profit

P1tBull 2022.10.07 21:01 #

This is a beautiful EA. It needs a little optimisation and backtesting for each pair, but is very versatile, scalable and works across pairs. It needs tweaking out of the box, but if I only had one EA for every pair, this would be it. I can't believe Stanton is giving this away for free.

13168

Cristian Mihail Pauna 2022.09.27 07:08 #

Negative feedback!

Harsh Vardhan 2022.09.23 13:28 #

not working for me in tester and on demo account , plz suggest what to do

[Deleted] 2022.09.01 03:31 #

User didn't leave any comment to the rating

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The Fibonacci Scalper

STANTON ROUX