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The Fibonacci Scalper

4.2

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 20
65638263
735
65638263 2024.06.10 11:25 
 

muchas gracias, probando el producto pero se ve prometedor gracias

Calogero Vella
562
Calogero Vella 2024.03.04 10:53 
 

Very nice! Thanks for the work!

kentarou sumi
153
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.

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OH Larry is a collection of Larry Conners most popular mean reversion strategies rolled up into one EA. Use them individually or combine the strategies. Strategies Include: Larry Conners Double 7 Larry Conners Bollinger % Larry Conners RSI2 Larry Conners 2555 The strategies work best on higher timeframes H4 - D1 and on ETF's and Indices. They can easily be configured to run on Forex as well. Most of Larry Conners strategies don't include stop losses but I have added the functionality of add
Multifarious is a multiple strategy trading robot. This EA has been designed to run on the BYBIT platform to trade Crypto Currencies but can be configured to run on any MT5 trading platform. With 8 indicators, 64 possible trading strategies your possibilities are endless. You can use the following indicators individually or use them together to. Bollinger Bands Moving averages Stochastics RSI Momentum indicator Fibonacci Levels MACD indicator ADX Indicator The EA also has a highly configur
BTC Scalper - Automated RSI Breakout Strategy for BTCUSD Unlock the power of automated trading with BTC Scalper! This expert advisor is a fully autonomous trading strategy, designed to capitalize on fast-moving BTCUSD markets. It leverages a potent combination of RSI Breakouts and two Exponential Moving Averages (EMA) to find high-probability trade entries, ensuring optimal confluence for success. Key Features: Fully Automated Trading : Set it, forget it, and let BTC Scalper handle your trades 2
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Mirec_78
24
Mirec_78 2024.09.07 10:08 
 

Terrible, more lossy than profitable.

MolinaGalo1972
14
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...

65638263
735
65638263 2024.06.10 11:25 
 

muchas gracias, probando el producto pero se ve prometedor gracias

Marc.Parrish
49
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
50
Shenol Angelov 2024.04.25 09:07 
 

blagodarq interesno

Calogero Vella
562
Calogero Vella 2024.03.04 10:53 
 

Very nice! Thanks for the work!

BeeCoola
14
BeeCoola 2023.10.31 16:36 
 

Unfortunately it did not work for me.

Ravanity2021
14
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.

kentarou sumi
153
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
14
MSFinancial 2022.12.01 23:04 
 

Bad experience! Does not work for me….

Filipe Pereira
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
47
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.

Cristian Mihail Pauna
13023
Cristian Mihail Pauna 2022.09.27 07:08 
 

User didn't leave any comment to the rating

Harsh Vardhan
20
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

[Deleted] 2022.06.10 10:30 
 

User didn't leave any comment to the rating

Alexandre Bellini
443
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
38
Andrew Lim Mao Tung 2022.03.03 01:57 
 

Good EA, Profitable.

123
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.