- What's new
Fibonacci Retracement EA MT5
**** Warning! Do not use the default settings, they are not good, were only used to pass the Mql5 tests, make your own settings ****
This is an EA 100% focused on Fibonacci Retracement, uses real Fibonacci levels, does not use Grid, Hedge, would never have a big DD, only Fibonacci levels for entry, take profit and stop loss, has up to 3 take profits, there is the option of breakeven, timer, money management, trend filter, a sophisticated news filter and many other features.
This EA was developed for my personal use, it helps me a lot in money management and to entry into the best moment.
Please add to your metatrader this link http://ec.forexprostools.com to make the news filter works.
Here are some important links:
Fibonacci Retracement EA Functions Glossary
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- Trade time frame function added.
- Eliminated the option of TP and SL in points, now only available Fibonacci levels.
- Eliminated Macd and ADX filter.
- Adjusted way that Fibonacci is applied.
- Added function of counting candles to apply Fibonacci.
- This EA has been transformed into a multipair EA, the EA is applied to only 1 pair ( 1 chart ) and in this one you set which pairs you want to trade and it will work with these pairs automatically.
Adapted to make trades on indices and metals,
Add Macd and ADX filter.