Fibo Expansion Auto Redraw Trade Assistant

Current price is an introductory launch price for early users. The price may be adjusted in future versions as the product receives updates and improvements.


Fibo Expansion Auto Redraw Trade Assistant is a MetaTrader 4 Expert Advisor designed to help traders manage trades and alerts around manually drawn Fibonacci Expansion objects.

The EA works with a user-defined Fibonacci Expansion setup. It can send alerts or open trades at predefined FE levels, using risk percent position sizing, a maximum spread filter, Stop Line protection and selected alert channels.

As price develops, the EA can automatically redraw the monitored Fibonacci Expansion object after a qualifying pullback. This helps keep the active FE structure aligned with the latest expansion-and-pullback sequence, without rebuilding the object manually after every valid update.

The trader remains in control of the initial analysis, Fibonacci Expansion object placement, FE levels, risk settings and execution mode.

Product Overview

This EA is a trade management assistant for traders who work with repeated Fibonacci Expansion and pullback sequences. It does not replace analysis. It helps manage the object, alerts and optional execution around a setup drawn by the trader.

The tool is intended primarily for Forex testing first. Metals, indices and crypto CFDs may depend on broker-specific symbol settings such as tick value, tick size, lot step, minimum lot and stop level.

Core Workflow

The EA uses a single-entry configuration per monitored Fibonacci Expansion object: one setup color, one BUY entry and one SELL entry.

This is not a one-object limit. If several Fibonacci Expansion objects with the selected color are placed on the same chart, each matching object can be handled as a separate setup using the same input settings.

Key Features

  • Works with manually drawn Fibonacci Expansion objects.
  • Pullback-confirmed Fibonacci Expansion auto-redraw.
  • One selected setup color.
  • One BUY entry and one SELL entry per monitored FE object.
  • Entry, Stop Loss and Take Profit based on FE levels.
  • Risk percent lot calculation.
  • Maximum spread filter.
  • Stop Line support.
  • AlertOnly mode.
  • AutoTrade mode.
  • RedrawOnly mode.
  • Popup and push alerts.
  • Multiple matching FE objects can be monitored on the same chart.

Quick Start

  1. Open a chart in MetaTrader 4.
  2. Attach Fibo Expansion Auto Redraw Trade Assistant to the chart.
  3. If you want automatic trading, enable Allow live trading in the EA settings and enable AutoTrading in MT4.
  4. By default, the EA runs in the safer AlertOnly mode, which sends alerts but does not open trades.
  5. Manually draw a Fibonacci Expansion object on the chart.
  6. Set the ray/main object color of the Fibonacci Expansion object to match FiboColor1.
  7. By default, FiboColor1 = Red; this means the color of the FE rays/main object, not the colors of individual FE levels.
  8. The EA monitors only Fibonacci Expansion objects with the selected color.
  9. You can place several matching Fibonacci Expansion objects on one chart. Each matching object is treated as a separate setup.

Execution Modes

  • AlertOnly - the EA sends entry alerts but does not open trades.
  • AutoTrade - the EA can open trades when the conditions are met.
  • RedrawOnly - the EA only monitors and redraws Fibonacci Expansion objects, without entry alerts and without trades.

Fibo Settings

  1. FiboColor1 selects the Fibonacci Expansion object color the EA should monitor.
  2. Minimum Fibo Pullback Range (Points) defines the minimum required pullback range in points.
  3. The EA uses FE levels configured in the EA inputs, not the visual level list shown inside the Fibonacci Expansion tool.
  4. The colors of individual FE levels are not used to identify a setup. The EA uses the ray/main object color.

BUY And SELL Settings

BUY Settings

  1. BuyBrTouch defines the BUY touch level before redraw.
  2. BuyBrUpdate defines the BUY breakout/update level for redraw.
  3. BuyRiskPcnt defines BUY position risk as a percent of account balance.
  4. BuyFEOpen defines the FE level for BUY entry.
  5. BuyFESL defines the FE level for BUY Stop Loss.
  6. BuyFETP defines the FE level for BUY Take Profit.

SELL Settings

  1. SellBrTouch defines the SELL touch level before redraw.
  2. SellBrUpdate defines the SELL breakout/update level for redraw.
  3. SellRiskPcnt defines SELL position risk as a percent of account balance.
  4. SellFEOpen defines the FE level for SELL entry.
  5. SellFESL defines the FE level for SELL Stop Loss.
  6. SellFETP defines the FE level for SELL Take Profit.

Risk And Execution

  1. By default, BuyRiskPcnt and SellRiskPcnt are set to 0.1, meaning 0.1% of account balance.
  2. MaxSpread blocks entry if spread is higher than the configured limit.
  3. MagicNumber identifies trades opened by the EA.
  4. SlippagePoints defines allowed slippage in points.
  5. The EA checks minimum lot, maximum lot, lot step, margin and the broker's minimum SL/TP distance.

Stop Line

  1. If StopLine = true, the EA can stop after price touches a special horizontal line.
  2. To use Stop Line, draw a horizontal line on the chart.
  3. Set the line color to blue.
  4. Set the line width to 3.
  5. When price touches this line, the EA stops working on that chart.

Alerts

  1. UsePushNotifications = true enables push notifications to the MT4 mobile app.
  2. UsePopupAlerts = true enables popup alerts inside the MT4 terminal.
  3. For push alerts to work, configure notifications in MT4 settings first.

Auto-Redraw

  1. Auto-redraw updates the Fibonacci Expansion object only when the configured touch/breakout conditions are met.
  2. Auto-redraw does not predict market direction.
  3. Auto-redraw does not search for setups by itself.
  4. The trader remains responsible for the initial analysis and the first manually drawn Fibonacci Expansion object.

Testing Notes

  1. Test the EA in Strategy Tester first.
  2. Then test it on a demo account.
  3. Check the Experts and Journal tabs.
  4. Verify lot size, SL, TP, spread and auto-redraw behavior.
  5. Test primarily on major Forex pairs first.
  6. Metals, indices and crypto CFDs may depend on broker settings such as tick value, tick size, lot step, minimum lot and stop level.

Important Notes

  1. The EA does not provide financial advice.
  2. The EA does not guarantee profit.
  3. The EA does not find trades without a user-drawn setup.
  4. The EA is a tool for alerts, execution and Fibonacci Expansion object management.
  5. Always test any trading tool on a demo account before using it on a live account.

FAQ

Is this an indicator?

No. It is a MetaTrader 4 Expert Advisor. It can monitor the chart, send alerts and optionally place trades through MT4.

Does the EA find setups automatically?

No. The user manually draws the Fibonacci Expansion object. The EA manages the setup that is already placed on the chart and matches the selected color.

Can it open trades automatically?

Yes, if TradeMode is set to AutoTrade and MT4 AutoTrading is enabled. In AlertOnly mode, the EA sends alerts only.

Can I use it only for alerts?

Yes. AlertOnly mode is designed for manual trading, testing and setup monitoring without automatic execution.

Why does the EA not react to my Fibonacci object?

Common reasons include:

  • the object color does not match FiboColor1,
  • Fibonacci Retracement was used instead of Fibonacci Expansion,
  • the market is not receiving ticks,
  • the EA is not active on the chart,
  • the Stop Line has stopped the EA,
  • the range is smaller than Minimum Fibo Pullback Range (Points).

Can I use more than one FE object on the same chart?

Yes. If several Fibonacci Expansion objects use the selected FiboColor1, each matching object can be treated as a separate setup. All matching objects use the same EA inputs.

Does this include multiple entry levels?

No. The EA uses a single-entry configuration per monitored FE object: one BUY entry and one SELL entry.

Does it include partial close, break even or trailing stop?

No. This version is focused on a clean workflow: manually drawn Fibonacci Expansion, pullback-confirmed auto-redraw, Entry / SL / TP, risk percent, alerts and optional AutoTrade.

Does auto-redraw predict the market?

No. Auto-redraw does not predict direction. It only updates the Fibonacci Expansion object when the configured redraw conditions are met.

Does it work on gold, indices or crypto CFDs?

It may work, but broker specifications matter. For metals, indices and crypto CFDs, always check tick value, tick size, minimum lot, maximum lot, lot step and stop level. Test on demo first.

Does the EA guarantee profit?

No. The EA does not guarantee profit and does not remove trading risk. It is a trade management and execution assistant for user-defined setups.

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The GBPUSD Robot Pro is an advanced automated trading system developed specifically for the unique dynamics of the   GBP/USD currency   pair. Using advanced technical analysis, the robot continuously analyzes historical and real-time market data to   identify trends,   key support and resistance levels, price momentum, volatility, and other important market conditions specific to GBP/USD. The Robot opens positions every day, from Monday to Friday, and all positions are secured with Take Profit,
Recovery Manager Pro MT4
Ianina Nadirova
5 (1)
Experts
Recovery Manager Pro est un système permettant de récupérer les prélèvements d'autres conseillers ou de commandes ouvertes manuellement. RM Pro a la capacité de s’ajuster automatiquement et dynamiquement. Le trader doit sélectionner le niveau de risque et le conseiller travaillera en mode entièrement automatique. Peut fonctionner en mode de récupération et en mode veille ! Si un autre conseiller génère un prélèvement, RM Pro le désactivera, verrouillera la position et lancera le processus de re
Vortex Gold MT4
Stanislav Tomilov
4.93 (45)
Experts
Vortex - votre investissement dans l'avenir Le conseiller expert Vortex Gold EA a été conçu spécialement pour négocier l'or (XAU/USD) sur la plateforme Metatrader. Construit à l'aide d'indicateurs exclusifs et d'algorithmes secrets de l'auteur, cet EA utilise une stratégie de négociation complète conçue pour capturer les mouvements rentables sur le marché de l'or. Les éléments clés de cette stratégie comprennent des indicateurs classiques tels que l'indicateur CCI et l'indicateur parabolique, q
Quantum King MT4
Bogdan Ion Puscasu
5 (6)
Experts
Quantum King EA — La puissance intelligente, optimisée pour chaque trader IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. Prix de lancement spécial Signal en direct :       CLIQUEZ ICI Version MT5 :   CLIQUEZ ICI Chaîne Quantum King :       Cliquez ici ***Achetez Quantum King MT4 et vous pourriez obtenir Quantum StarMan gratuitement !*** Contactez-nous en privé pour plus d'informations ! Règle       Votre tradin
Boring Pips MT4
Thi Thu Ha Hoang
4.6 (15)
Experts
Vous êtes-vous déjà demandé pourquoi la plupart des conseillers experts ne sont pas efficaces dans le trading en direct, malgré leurs performances parfaites en backtest ? La réponse la plus probable est le surajustement. De nombreux EAs sont créés pour "apprendre" et s'adapter parfaitement aux données historiques disponibles, mais ils échouent à prédire l'avenir en raison d'un manque de généralisabilité dans le modèle construit. Certains développeurs ne connaissent tout simplement pas l'existe
Scipio Ea
Stefano Frisetti
Experts
SCIPIO AI est mon robot de trading automatique, fruit de plus de 20 ans d'expérience sur les marchés financiers. Il automatise 100 % de l'activité de trading : saisie, gestion, stop loss. Jour après jour, le trader n'a aucune intervention à effectuer. Cet EA ouvre une seule transaction à la fois et fixe immédiatement un stop loss très proche. Il n'utilise ni grille ni martingale, une transaction à la fois, évitant ainsi les pertes importantes. Il utilise l'intelligence artificielle pour ident
Scipio Gold Bot
Stefano Frisetti
Experts
BEWARE of SCAM! SCIPIO GOLD BOT is only distributed by MQL5.com. Please note: this is not a commercial BOT, but a professional one. Distribution is limited to 100 copies in total, and the price may increase without notice. Thisi is MT4 versione, Mt5 version is here:  https://www.mql5.com/it/market/product/148820 The differences that make SCIPIO EA unique are: + no variable settings or settings that the TRADER must enter + only opens one trade at a time + always uses close and fixed STOP LOSSES
SouthEast
Sugianto
5 (11)
Experts
Promo Discount 50 % From $ 499 to $ 250 , limited time offer, get yours copy right now! SouthEast is an expert advisor developed from my experience in manual trading that has been automated. SouthEast is specifically designed to generate maximum profits with small deposits by prioritizing the security of your funds. Why SouthEast? SouthEast does not require complicated settings and is easy to use because user only need to upload a set file that is already available. Currently there are set fi
Lock balancer
Vadim Zotov
5 (5)
Experts
Used in manual trading to block losses on any price movement against a trader. Allows profits to grow as the price moves in the right direction. Can lock one position or grid. Helps other robots to reduce drawdown by locking. Principle of operation Instead of the traditional stop loss, the trader manually sets the initial locking line of this robot. The robot monitors the behavior of the price relative to this line. If the price goes against the trader, the robot locks the position (or severa
Advanced Sniper Pro EA mq
DMITRII GRIDASOV
Experts
ADVANCED SNIPER PRO EA est un système de trading automatique précis avec un taux de réussite d'environ 90 %. Cet EA est l'un des robots de scalping les plus stables, cohérents et rentables au monde. Ce produit original est proposé exclusivement sur ce site web MQL5. Téléchargez les fichiers EA Set_files pour les tests et le trading : GBPAUD Set_file GBPCAD Set_file L'EA propose une variété de paramètres adaptés aux besoins des traders professionnels. Les débutants en Forex peuvent simplement
The Gold Space MT4
Ayush V Jain
5 (1)
Experts
LIVE SIGNAL REACHED NEW HIGHS. Live Signal on Vantage https: // www.mql5.com/en/signals/2378090 https: // www.mql5.com/en/signals/2378091 live signal is running mode/option 1 with autolot 2 % risk. Add webrequest for news filter https: //nfs.faireconomy.media Join telegram group   https://t.me/+UaALtDiYMb4xYTk1 Price Increases on monday. Overview:  The Gold Space is a fully automated, professional-grade Expert Advisor specifically engineered for the XAUUSD (Gold) market. Designed natively for M
ToTheMoon MT4
Daniel Moraes Da Silva
5 (1)
Experts
ONE OF THE FEW ROBOTS WITH A SIGNAL HISTORY OF MORE THAN 3 YEARS AND AMONG THE TOP 10.   LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a link to download the PRESETS that I use in my SIGNALS, you can download and Backtest for free, there are explanations in the my WebSite. https://www.mql5.com/en/users/tec_daniel   LINK TO OTHER ROBOT VERSIONS: MT4:  https://www.mql5.com/en/market/product/97963 MT5:  https://www.mql5.com/en/market/product/97962   SOME EXAMPLES OF SIGNALS ON “mql5.
Scalping Index Pro MT4
MQL TOOLS SL
Experts
Scalping Index Pro is a   professional trading system   designed specifically for fast and precise scalping on   US30 and DE40 using the M1 timeframe . The system has been developed specifically for the unique behavior of major stock indices, focusing on short term price movements, rapid momentum changes, market volatility, and selective grid based trade management techniques to identify high probability   trading opportunities . Scalping Index Pro is optimized for traders who prefer dynamic tra
GOLDwind Engine4
Tjia Elisabeth Jasmine Canadi
Experts
EA~GOLDwind – Le moteur de croissance extrême pour XAUUSD – Génère un retour sur investissement de plus de 100 % par mois Expert Advisor prêt à l'emploi pour MT4 et MT5 I N T R O Plongez dans la puissance de GOLDwind Découvrez comment un moteur de trading avancé transforme la volatilité du XAUUSD en opportunités ciblées. Grâce à son interface utilisateur transparente qui révèle les premiers signaux de forte dynamique (retournements de tendance ou formations de tendance puissantes), vou
Exorcist Projects
Ivan Simonika
3 (1)
Experts
Exorcist Bot   is a multi-currency, multi-functional advisor that works on any time frame and in any market conditions. - The robot’s operation is based on an averaging system with a non-geometric progression of constructing a trading grid. - Built-in protection systems: special filters, spread control, internal trading time limitation. - Construction of a trading network taking into account important internal levels. - Ability to customize the aggressiveness of trading. - Working with pending
EA Games Changer
Tjia Elisabeth Jasmine Canadi
5 (3)
Experts
IA révolutionnaire – Moyenne multipaires + Système de couverture (Étendue directionnelle intelligente) Version : Interface utilisateur interactive améliorée - MT4 (patchée) Développeur : Projet CyberBot P R E P A R A T II O N Adoptez la philosophie révolutionnaire du trading : si le trading est un jeu de hasard, pratiquez-le intelligemment. En activant jusqu’à 20 paires simultanément, la complémentarité des configurations de prix crée un point d’équilibre stable, bien plus p
XGen Scalper MT4
Burak Baltaci
3 (2)
Experts
XGen Scalper MT4 - Système de trading automatique professionnel XGen Scalper est un Expert Advisor de pointe qui combine une structure algorithmique avancée et une analyse technique éprouvée pour offrir des résultats cohérents sur tous les marchés. Ce puissant système de trading fonctionne sans problème sur les paires de devises, les métaux précieux tels que l'or et l'argent, les crypto-monnaies et les indices de matières premières. Technologie algorithmique avancée Son algorithme breveté de
EA Ice Cube Scalper
Sergey Batudayev
4.71 (21)
Experts
Conseiller commercial Ice Cube Scalper -           c'est un scalpeur de jour       , effectuant quotidiennement un grand nombre de transactions, prenant plusieurs points à chaque transaction. La stratégie de l'EA consiste à négocier avec la tendance en utilisant l'indicateur RSI. L'EA utilise la moyenne avec un lot multiplicateur, vous devez comprendre cela avant d'utiliser l'EA, mais la stratégie a bien fonctionné à la fois dans le backtesting et le trading en direct. Avant d'acheter, assurez-
Bitcoin Expert MT4
Elif Kaya
5 (3)
Experts
- Real price is 1000$ - Limited Discount (It is 299$) -  Only 2 purchase is 299$. - New update: 2026/9/6 - Lifetime update free Welcome, Bitcoin Expert opens automatically trade with Highly profit, Fixed Stop loss. No Martingale, No Grid Bitcoin is a cryptocurrency, a peer-to-peer digital currency that operates independently of a central governing authority . Bitcoin enables direct transactions between users, secured by cryptographic technology and recorded on a transparent and immutable ledger
Exp4 The xCustomEA for MT4
Vladislav Andruschenko
4 (5)
Experts
The xCustomEA pour MetaTrader 4 — Expert Advisor universel pour indicateurs personnalisés Transformez presque n’importe quel indicateur personnalisé en stratégie de trading automatisée. The xCustomEA pour MetaTrader 4 est un Expert Advisor universel conçu pour recevoir les signaux de vos propres indicateurs et exécuter les ordres selon la logique que vous définissez. Il vous suffit d’indiquer le nom de l’indicateur, les buffers de signaux et les paramètres essentiels, puis l’EA utilise ces donné
Forex GOLD Investor
Lachezar Krastev
4.4 (52)
Experts
FOREX MEGA SALE! 50% OFF! Buy Forex GOLD Investor with a huge –50% discount ! Promo Price: $267 (Regular Price: $547 — You Save $280! ) Act now before this deal ends! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strategy, the second system has time based dependency which opens up to 2 trades at a time and the third system is based on
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