Auto Fibo MTF EA

Core Trading Strategy & Logic

1. Multi-Timeframe Swing Detection

• It scans a lookback period to identify the highest highs and lowest lows.
  
  
• Based on the sequence of these extremes (e.g., a low followed by a high indicates a bullish swing), it assigns a directional bias to each timeframe.
  
  

2. The 50% - 61.8% Fibonacci Zone

• Bottom of zone: 50% retracement (Equilibrium)
  
  
• Top of zone: 61.8% retracement (Golden Ratio)
  These zones are drawn directly on the chart as colored rectangles, visually mapping out high-probability areas often referred to by institutional traders as "Premium/Discount" or "Optimal Trade Entry" (OTE) zones.
  
  

3. Confluence & Entry Logic

• MTF Agreement: It requires a minimum number of timeframes (default is 4) to agree on the same bias before considering an entry.
  
  
• Signal Inversion (Default: True): Interestingly, if the overall MTF bias is Bullish, the EA looks to open a SELL position. This indicates the system is designed to catch the deep retracement back into the Fibonacci zone rather than blindly buying the top of a swing.
  
  
• Reversal on Flip: If the multi-timeframe bias flips while a trade is active, the EA can immediately close the current position and reverse direction.
  
  

Trade & Risk Management

• Auto Lot Sizing: Automatically calculates position sizes based on a user-defined risk percentage (e.g., 1% of account balance) relative to the Stop Loss distance. A manual fixed lot option is also available.
  
  
• Profit Lock (Break-Even): Once the trade reaches a set profit target (e.g., 100 points), the EA moves the Stop Loss to the entry price plus a guaranteed profit margin, securing a risk-free trade.
  
  
• Dynamic Trailing Stop: After the profit lock is triggered, a classic trailing stop follows the price at a designated distance, stepping up only when the market moves favorably.
  
  
• Max Spread Filter: Prevents the EA from executing trades during highly volatile or illiquid periods where spreads widen dangerously.
  
  

Institutional / Smart Money Filters

• Built-in MT5 News Filter: The EA taps directly into the MT5 Economic Calendar. It will automatically pause all trading activity a set number of minutes before and after High-Impact (Red Folder) news events, protecting the account from unpredictable slippage and spread spikes.
  
  
• Single Trade Execution: Enforces a strict "one trade at a time" rule per symbol, preventing dangerous martingale or grid behavior and keeping margin usage safe.
  
  

Visuals & User Interface

• The current market bias (Bullish/Bearish) for every enabled timeframe.
  
  
• Live spread and tick price.
  
  
• EA Status (Scanning, Engaged, Paused by News, or Locked).
  
  
• Active trade details (Direction, Lot Size, Current SL, and Realized Profit in the account's base currency).
  
  
• The dashboard border changes color dynamically based on real-time price ticks (Green for up, Red for down).