FibDaily level EA
- Experts
- Version: 1.0
- Activations: 5
FibDailyLevel EA
A simple daily breakout trading robot for MetaTrader 5
Every day, this EA looks at yesterday's candle (the high and low price). It places one buy order above yesterday's high, and one sell order below yesterday's low. When price breaks out in either direction, the matching order is triggered automatically. Whichever side does NOT trigger is cancelled, so you never end up in two trades at once.
Why use it
- Fully automatic. No charts to watch. It places, manages, and closes trades by itself.
- Works on any instrument. Auto-detects pip size, so you don't need to configure it per symbol.
- Works on any timeframe. M1 (1-minute) is preferred for the most accurate breakout timing.
- Protects your account. Built-in daily loss limit stops trading for the day if losses get too big.
- Smart risk control. Trade size is calculated from your risk %, not guessed.
- Locks in profit. Optional trailing stop and break-even move your stop loss as the trade goes your way.
- Avoids bad conditions. Can pause around big news events and wide spreads, with a pop-up alert.
- One trade at a time. OCO mode cancels the opposite pending order once one side fills.
- Clean on-screen dashboard. Shows symbol, spread, profit factor, risk per trade, day P&L, and status at a glance.
- Professional dark theme. Clean, professional chart style applied automatically.
Tested Markets
- Works well on BTC and XAUUSD (Gold) — best performance on BTC.
- Tested on a Vantage Broker ECN account.
- A low-spread broker is strongly recommended.
- Works on Hedging Account type better
Recommended Setup
- Timeframe: Any, but M1 preferred.
- VPS: Use a low-latency VPS close to your broker's server for the fastest, most reliable trade execution.
Input Parameters
1. General
| Parameter | What it does |
|---|---|
| Magic Number | Unique ID so this EA's trades don't mix with others. |
| Pip Size Override | Leave at 0 for auto-detect. |
2. Money Management
| Parameter | What it does |
|---|---|
| Auto Lot Size | ON = size by risk %. OFF = use fixed lot. |
| Risk Percent | % of balance risked per trade. |
| Fixed Lot Size | Lot size used when Auto Lot is OFF. |
| Max Daily Drawdown % | Stops new trades after this daily loss %. 0 = off. |
3. Breakout & Targets
| Parameter | What it does |
|---|---|
| OCO Mode | Cancels the opposite order once one side fills. |
| Round Step Offset | Rounds entry to a clean level with a small buffer beyond high/low. |
| Stop Loss (pips) | Distance from entry to stop loss. |
| Take Profit (pips) | Distance from entry to take profit. |
| Delete Orders Time | Time (HH:MM) to cancel untriggered orders. |
4. Trade Management
| Parameter | What it does |
|---|---|
| Enable Trailing | Turns on trailing stop. |
| Trailing Start (pips) | Profit needed before trailing begins. |
| Trailing Distance (pips) | Distance trailing stop stays behind price. |
| Trailing Step (pips) | Minimum move before trailing stop updates. |
| Enable Break-even | Moves stop loss to entry once in enough profit. |
| Break-even (pips) | Profit needed before break-even applies. |
5. Spread Filter
| Parameter | What it does |
|---|---|
| Max Spread | Highest spread allowed before pausing trades. 0 = no limit. |
| Alert on High Spread | Pop-up alert when spread goes above max. |
6. News Filter
| Parameter | What it does |
|---|---|
| Enable News Filter | Pauses trading around big news events. |
| Minutes Before | Minutes before news to stop trading. |
| Minutes After | Minutes after news to resume trading. |
| News Currency | Currency to watch (e.g. USD). Blank = all. |
| News Keywords | Only watch news matching these words. Blank = all high-impact events. |
