Fibonacci Trading EA
- Experts
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Van Minh Nguyen
Hello! I'm an independent EA developer with a passion for algorithmic trading and automated systems. I specialize in building Expert Advisors and indicators for the MetaTrader platform, with a focus on reliability, performance, and user-friendly design. I’m here to share quality trading tools and - Version: 1.3
- Activations: 10
Fibonacci Trading EA – Scalping Strategy with Fibonacci Envelopes
Fibonacci Trading EA is an automated trading robot based on Fibonacci Envelopes, combining technical filters with configurable risk management features. It includes daily and maximum loss protection to help traders manage risk when trading under Prop Firm rules.
Limited-Time Launch Price: $50
Download the recommended set files here: [Click here]
Strategy Overview
The EA calculates Fibonacci Envelopes around a moving average using ATR. Entry signals are generated when price touches or crosses selected Fibonacci levels: 0.236, 0.382, 0.5, 0.618, and 1.0.
The strategy combines Fibonacci-based entry signals with configurable technical filters and built-in risk management features to support a more structured approach to automated trading.
Prop Firm Risk Controls
The EA provides configurable loss-limit protection:
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Daily Loss Limit: 5.0% by default
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Maximum Loss Limit: 10.0% by default
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Calculation Mode: Equity or Balance
When a configured loss limit is reached, the EA closes open positions and stops further trading according to the selected protection settings.
These default values are intended as starting points for risk management. Traders should verify the specific rules of their Prop Firm before using the EA, as loss limits and calculation methods vary between providers.
Additional risk management features include:
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Automatic lot size calculation based on risk percentage
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Maximum open order and total lot volume limits
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Spread filter
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Market close and weekend protection
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Margin check before placing each order
Primary Setup
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Symbol: EURUSD
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Timeframe: H1
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Account Type: Hedging (ECN/Raw recommended)
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Leverage: 1:50, where available
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Suggested Starting Capital: 5,000 USD or higher
Other Compatible Symbols
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GBPUSD
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EURGBP
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EURCHF
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GOLD (XAUUSD)
Minimum Suggested Capital: 500 USD
Recommended Capital: 5,000 USD or higher, depending on the trading strategy, risk settings, broker conditions, and applicable Prop Firm rules.
The default configuration uses a Daily Loss Limit of 5% and a Maximum Loss Limit of 10%. All risk parameters should be reviewed and adjusted to match the requirements of the intended trading account.
Important Notes-
The EA does not guarantee profits.
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Test the EA in the Strategy Tester and on a demo account before using it on a live account.
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Trading results may vary depending on broker conditions, spreads, execution, and market conditions.
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Prop Firm rules differ. Verify the applicable loss limits, calculation methods, and trading restrictions before using the EA in an evaluation or funded account.
Backtesting
Use the MT5 Strategy Tester in “1 minute OHLC” mode for faster testing, or “Every tick based on real ticks” for results that most closely reflect live trading conditions.
Run the backtest on EURUSD, H1 timeframe, with an initial deposit of $5,000 or more, using your own broker’s trading conditions to evaluate the strategy.
Have any questions? Send me a private message or leave a comment on the product page.
