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Fibonacci Master


 

"Fibonacci master" Expert Advisor uses 4 Different strategies to trade with Fibonacci levels ,"RENKO" box size and more,It can trade with all currency pairs,stocks and all time frames  (M1, M5, M15, M30, H1, H4, D1) .

 It finds the trend with two Moving Averages and a distance between them to check volatility. It also has a special built-in algorithm that calculates the price rate of change within the smaller and higher timeframe in relation to the timeframe which you work with,it also uses "RENKO" box size in pips or with "ATR" indicator.

This Expert Advisor works only with open\close price of every bar!

Trading strategy

The EA works in 8 modes:

If "Switch" = "true" the EA works with "Fibonacci" and local minimum\maximum price levels as breakout levels. 

If "Switch" = "false" the EA works with "Fibonacci" and local minimum\maximum price levels as support and resistance levels. 

4 new improved strategies:Trailing_stop,Martingale1,Martingale2,Zone_Recovery.

  • If "Strategy"="Trailing stop" simple trading with trailing stop loss.
  • If "Strategy"="Martingale1" -if you lose a trade next trade will be with multiplied lot size,with the option to wait between trades if there are more then maximum predefined loss trades.
  • If "Strategy"="Martingale2" -if the trade goes in the opposite direction from your first trade after a predetermined number of pips, then it opens another trade with multiplied lot size ,with the option to limit number of trades..
  • If "Strategy"="Zone Recovery" Zone recovery area hedging strategy, 10 trades max with the option to limit number of trades.

You can work with or without trailing stop:

If "TrailingStop" = 0, then the trailing stop loss will not work.

If "TrailingStop" = values from 10 to 100, then the trailing stop loss will work.

With the "TrailingStop" the stop loss price level will change its position at the value in pips you set.

The Expert Advisor works on four different time frames simultaneously.

The Expert Advisor  can trade with all currency pairs,stocks and all time frames (M1, M5, M15, M30, H1, H4, D1).

You have the option to send a mail notification to your email, so it will let you know about every trade.

This version has a built-in algorithm that calculates the price rate of change within the smaller and higher timeframe in relation to the timeframe which you work with.

Parameters

  • Switch - When "Switch" = "true" breakout mode, When "Switch" = "false" retracement mode.
  • Atr=Enable ATR indicator value as Renko box size (values: 0-1).
  • BOX1=Renko box size in pips (values: 5-100).
  • CandlesToRetrace=Number of candles to wait for Renko box (values: 10-100).
  • Strategy:
    • "Trailing stop" .
    • "Martingale1" .
    • "Martingale2" .
    • "Zone Recovery" .
  • Zone_Recovery_Area=Zone_Recovery_Area(in pips) (values: 50-80).
  • Multiply=Multiplier for lot size, (values: 0.01-4).
  • Period_MA_0= Period of supporting MA for current timeframe,  (values: 1-100).
  • Period_MA_1= Period of calculated MA, (values: 1-100).
  • Bars_V=Amount of bars for calculating rate, (values: 1-100).
  • Aver_Bars  = Amount of bars for smoothing, (values: 1-100).
  • K  =Amplifier gain, (values: 1-100).
  • Lotsize= lot volume, (values: 0.1-1).
  • MaximumRisk=maximum risk from total margin in %,if MaximumRisk=0 Lotsize=as is(values: 0.01 - 0.3).
  • DecreaseFactor= decrease from total margin if you lose a trade.
  • TrailingStop= set a value from 10 to 100 to activate trailing stop loss, "0" will not activate trailing stop loss.
  • Stop_Loss=value of stop loss level, (values: 10-100).
  • Take_Profit= value of take profit level, (values: 10-200).
  • Distance= step in pips between two Moving Averages, (values: 10 - 50).
  • FastMA= value of fast Moving Average indicator, (values: 1 - 40).
  • SlowMA= value of slow Moving Average indicator,  (values: 40 - 200). 
  • MaxTrade=  maximum trades that can run,(values:  1-20).
  • PipStep= Distance in pips to open a new trade, (values: 10-50).
  • CLOSEMAXORDERS=Close all orders if there are more than maximum predefind orders(true/false).
  • Start=Start hour(values: 0-23).
  • End=End hour(values: 0-23).
  • WaitTime= Wait time if loss trades ,in minutes (values: 0-999999)
  • MagicNumber= Magic number (values: 1-100000)

Link to demo version:https://www.mql5.com/en/market/product/25495#!tab=tab_p_overview

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Versión 7.8 2018.12.13
Optimization
Versión 7.6 2018.11.28
Optimization
Versión 7.5 2018.10.27
Optimization
Versión 7.4 2018.10.20
Improved live trading
Versión 7.3 2018.10.06
Improved martingale trading
Versión 7.2 2018.10.01
Improved trading function
Versión 7.1 2018.09.26
4 new improved strategies:Trailing_stop,Martingale1,Martingale2,Zone_Recovery.

If "Strategy"="Trailing stop" simple trading with trailing stop loss.
If "Strategy"="Martingale1" -if you lose a trade next trade will be with multiplied lot size,with the option to wait between trades if there are more then maximum predefined loss trades.
If "Strategy"="Martingale2" -if Ithe trade goes in the opposite direction from your first trade after a predetermined number of pips, then it opens another trade with multiplied lot size ,with the option to limit number of trades.
If "Strategy"="Zone Recovery" Zone recovery area hedging strategy, 10 trades max with the option to limit number of trades.
Versión 7.0 2018.06.21
The stop loss was activated only if the trade went in the right direction for some pips. Now it is activated and visible from the start, also there is the new stop command that accepts the value of "ATR" indicator for double guard,
and now the EA uses volume to identify changes in the market.

3 new variables:
Strategy:
If Strategy="Trailing stop" regular trailing stop loss.
If Strategy="Martingale" -if you lose a trade next trade will be with multiplied lot size.
If Strategy="Zone Recovery" Zone recovery area hedging strategy.
Zone_Recovery_Area =Zone_Recovery_Area(in pips)
Multiply=lot multiplier for martingale strategy
Versión 5.0 2018.03.14
The trailing stop loss did not work in sell orders. Now the error has been fixed, everything else is the same.
Versión 2.0 2018.02.14
What's new:

New Trading strategy with parameter "Switch":
The EA works in two modes: breakout and retracement.

New "TrailingStop":
You can work with or without trailing stop.


New Parameters:
Switch.
History.
Period_MA_0.
Period_MA_1.
Bars_V.
Aver_Bars.
K.
TrailingStop - new values.
StopLoss - new values.
TakeProfit - new values.


ATR - not in use.
Maxc - not in use.