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Fibo Expert

The Expert Advisor is based on Fibonacci levels. In their turn, Fibo levels rest on ZigZag indicator. The trading is performed both on roll back from a Fibo level (Bounce off level) and on level breakthrough (Breaks the level). 

  1. Bounce off level - when the price crosses the specified Fibo level, a Buy order is opened.
  2. Breaks the level - when the price crosses the specified Fibo level, a Sell order is opened.

The EA trades any currency pair, metals and stocks. All timeframes are supported. 

Parameters

  • Lots - fixed trading lot;
  • StopLoss - stop loss level in points;
  • TakeProfit - take profit level in points;
  • Action - the action to be performed when the levels are touched. Bounce off level = roll back, Breaks the level = breakthrough;
  • MagicNum - trade magic number;
  • TextColor - displayed data color;
  • MinWavelength - minimum wave length for opening trades;   
  • MaxWavelength  - maximum wave length for opening trades;  
  • FiboOpenDeal - Fibo level for opening trades; 
  • Backstep - the minimum number of candles between connected points (ZigZag);
  • Deviation - the minimum distance between the local extrema, in percentage % (ZigZag);
  • Depth - the shortest distance (in candles) the new maximum or minimum is drawn at;
  • BreakevenDeals - if true, trades are moved to breakeven;
  • BreakevenStart - the minimum number of points passed by the price to move a position to breakeven;
  • BreakevenStep - minimum profit in points to move to breakeven;
  • Trailing - point based trailing if set to true;
  • TrailingStart - the minimum number of points passed from the order open price for the trailing;
  • TrailingStop - the number of points to start trailing stop;
  • TrailingStep - trailing stop step;
  • TrailingHiLow - trailing based on the Hi - Low of the previous bars if set to true;
  • TimeFrame - the timeframe to search for the extrema of the previous bars;
  • BarCount - the number of past bars to search for extrema;
  • IndentHiLow - shift of Hi - Low from the highest/lowest value.
Maksym Mudrakov
10423
2016.06.14 12:40 
 

User didn't leave any comment to the rating

Vladimir Podlobko
399
2015.05.13 21:10 
 

Отличный советник с большим потенциалом! Использую различные советники уже долгое время и этот - один из лучших, с которым довелось работать. Спасибо автору за работу и оперативную обратную связь!

hameed412
87
2015.02.26 07:10 
 

The price should be 10000 USD

Amazing (( if you think out of the circle ))

Version 1.3 - 2015.03.30
Fixes for work on time
Version 1.2 - 2015.03.25
Added function for calculating the trade balance of the lot.
Fixed bugs
Version 1.1 - 2015.03.05
Added the EA operation time filter
Fixed an issue with sticking Fibonacci levels