Fibonacci Pivot Reversal EA

Multi-symbol Expert Advisor that fades extreme daily Fibonacci pivot levels, with 3-day confluence, a GMT filter, smoothed Heikin Ashi confirmation, fixed SL/TP and one trade at a time.

Trade the reversal where the market is stretched

At R4 to R6 and S4 to S6 the daily range has already been extended a long way. The EA waits for price to reach one of these levels and then looks for a move back toward the pivot. It acts only when several separate checks agree, and it never has more than one position open.

  1. Extreme level touchDaily Fibonacci pivots (P, R1-R6, S1-S6) are calculated for three days: today's set, yesterday's set and the set from two days ago. The EA looks for price touching R4+ to sell or S4+ to buy on any of the three sets.
  2. 3-day confluence scoreEach touch is scored from 1 to 5 using the other two days. Only setups at or above your minimum score are traded.
  3. GMT time filterEntries are allowed only inside your GMT hours, with optional protection against early Monday and late Friday.
  4. Smoothed Heikin Ashi confirmationThe EA waits for a colour flip in the reversal direction on the entry timeframe, so it does not fight a strong move.
  5. Defined risk on every tradeThe stop-loss goes just beyond the next outward level. The take-profit is a fixed multiple of the stop distance. The lot is sized as a percentage of balance.

How the confluence score works

The score is built only from pivot data of the last three days, which keeps the filter objective and easy to tune with one input.

+1Price touches the extreme level (R4+ or S4+) of one of the three pivot sets.
+1 / +1Another day's pivot set has a level on the same side within the cluster distance of the touched level. Up to two days can add a point.
+1 / +1Yesterday and/or the day before already reached the extreme level of its own pivots. Up to two points.

The maximum is 5. With the default minimum of 3, a single touch is never enough: at least two of the confirming conditions must also be present. Distances are measured in daily ATR, so one setting works on forex pairs, metals and other instruments.

Features

Multi-symbolOne chart scans and trades the whole symbol list. A suffix input covers brokers that add one to symbol names. Symbols the broker does not have are skipped without errors.
One position at a timeWhen several symbols qualify together, the EA takes the one with the highest score, then the one closest to its level.
SL and TP on every orderNo grid and no averaging down. Stop-loss sits beyond the next level, and take-profit follows your reward/risk ratio.
Risk-based lot sizeLot is calculated from the stop distance so each trade risks the same percentage of balance. A fixed lot is available too.
Optional risk step-up after lossesRaises risk by a multiplier after consecutive losses, with a step limit and a hard cap. It can be switched off completely.
DashboardOne row per symbol with price, nearest pivot level today, yesterday and two days ago (in ATR), confluence score, Heikin Ashi direction and live state such as scanning, armed, in trade or outside GMT window.
Fast backtestsAn input turns the dashboard off in the Strategy Tester, which makes tests run faster.
Correct Monday levelsBrokers that add a Sunday daily bar for weekend-closed symbols are handled: the Sunday bar is merged into Monday, so Monday's pivots come from Friday. This can be switched off.
Self-containedNo external indicator is needed. All pivot, ATR and Heikin Ashi calculations are built in.

Input reference

Every setting is grouped as it appears in the EA's inputs window. Defaults are a starting point, not an optimised set.

Symbols

Input Default What it does
Symbols 8 forex pairs Comma-separated list of symbols to scan and trade. Default: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, NZDUSD, EURJPY.
Suffix empty Text added to every symbol, for brokers that name symbols like EURUSD.m or EURUSDpro.
Entry timeframe M15 Timeframe used to detect the touch and to calculate the Heikin Ashi filter. Pivots always come from daily data.

Setup (levels and confluence)

Input Default What it does
Minimum level 4 Lowest level to fade. 4 means R4/S4, R5/S5 and R6/S6. Lower values give more trades at weaker levels.
Minimum score 3 Required confluence score out of 5. Higher is stricter and gives fewer trades.
Touch tolerance 0.10 How close price must come to a level to count as a touch, in daily ATR.
Touch bars 6 How many recent bars of the entry timeframe are checked for the touch, so a quick spike is not missed.
Overshoot limit 0.30 Skip the setup if price has already run this far beyond the level (in ATR). It avoids entering a breakout.
Cluster distance 0.20 Levels from two different days within this distance (in ATR) count as a cluster and add a point to the score.
Require prior extreme true Requires that yesterday or the day before already reached the extreme level of its own pivots.
ATR period 14 Number of completed daily bars in the average true range used to measure every distance.
Merge Sunday into Monday true Combines a broker's Sunday daily bar with Monday so Monday's pivots come from Friday.

Time filter (GMT)

Input Default What it does
Use GMT window true Allow new trades only inside the hours below. It uses GMT, so it behaves the same on any broker server time.
Start hour (GMT) 6 First GMT hour when entries are allowed.
End hour (GMT) 20 Entries stop at this hour (exclusive). A start later than the end gives an overnight window.
No early Monday true No entries on Monday before 07:00 GMT, when weekend gaps and thin liquidity are common.
Friday stop hour 18 No new entries on Friday from this GMT hour. Set 24 to turn it off.

Smoothed Heikin Ashi filter

Input Default What it does
Use Heikin Ashi true Require a smoothed Heikin Ashi confirmation before entering.
Smoothing 1 10 EMA period applied to the raw open, high, low and close before Heikin Ashi is built.
Smoothing 2 10 EMA period applied again to the Heikin Ashi open and close.
Flip window 5 The last closed bar must point the trade direction, and an opposite-colour bar must have appeared within this many bars. In other words, the colour must have flipped recently.

Trade management

Input Default What it does
SL buffer 0.05 Distance added beyond the next outward level for the stop-loss, in daily ATR. A sell at R3 gets its stop a little above R4.
Max SL size 1.50 Skip the trade if the stop would be farther than this many daily ATR.
Reward / risk 1.5 Take-profit distance as a multiple of the stop distance.
Risk % 0.5 Base risk per trade as a percentage of balance. 0 switches to the fixed lot.
Fixed lot 0.01 Lot size used when Risk % is 0.
Max lot 5.0 Hard cap on the lot size of any order.
Martingale true Increase risk after a losing trade. A win resets it. Still one position at a time.
Risk multiplier 1.5 Risk is multiplied by this value for each consecutive loss.
Max steps 3 After this many increases, the next loss returns risk to the base level.
Max risk % 3.0 Hard cap on risk per trade after all multiplications.
Max trades per day 3 Maximum number of trades per day across all symbols. Each level is also traded at most once per day.
Max spread 40 No entry when the spread is above this many points. 0 turns the check off.
Magic number 20261109 Identifies this EA's trades. Use a different number for each copy running on the same account.
Slippage 20 Maximum price deviation in points allowed on entry.

Dashboard

Input Default What it does
Draw in tester false Shows the dashboard during backtests. Leave it off for faster tests. On a live chart the dashboard always shows.
Scan interval 1 Seconds between scans of the symbol list.
X offset / Y offset 12 / 24 Position of the dashboard on the chart in pixels.

Setup

  • Attach the EA to one chart of any symbol. It trades every symbol in the list from that chart.
  • Add the symbols to Market Watch and make sure daily history is available.
  • If your broker adds a suffix to symbol names, set the Suffix input.
  • Run it on a VPS so it can scan and trade around the clock.
  • Test on a demo account with the default settings first, and check the results on your own broker and symbols.
Spreads, symbol names and the timing of daily bars differ between brokers, so results will differ too.

Risk notes

  • Trading involves risk. Past results do not guarantee future results.
  • Increasing risk after losses can lead to larger drawdowns in a losing run. The option can be turned off, and the multiplier, step limit and risk cap keep it bounded.
  • Reversal strategies can lose in strong trends that keep going through extreme levels. Every trade has a stop-loss, and the Heikin Ashi and score filters are there to reduce such entries, not remove them.
  • Use low risk per trade, and do not risk money you cannot afford to lose.

  

Plus de l'auteur
For The Bold
Slim Ouederni
Experts
*This EA is made to trade mainly GOLD /GBPUSD (Micro Recommended) . *it trades only one position a time , both Long and short . All positions will be placed with TP and SL. *SL levels are calculated depending on the volatity of the market with the help of The ATR indicator . *TP levels are calculated depending on the Chosen Risk Reward ratio. *Signals are obtained using candlestick patterns ( engulfing ,inverted hammer and hanging man)  and filtred with Bollinger Bands  and Heikin Ashi Candles
Envelopes Martingale
Slim Ouederni
Experts
This EA uses a very simple strategy by using Envelopes indicator to detect potential reversal signals filtred with n time crossover with upper and lower envelopes bands .  It uses Martingale for money management . Inputs :  SMA_Period  : The smoothed MA period on close prices for Envelopes indicator Envelopes_deviation : the % deviation of the upper and lower envelopes bands SL_Pips :  the stop loss in pips RR  : the used risk reward ratio lots : the initial lot to use in martingale sequence lot
MultiSymbol Harmonic Pattern Scanner
Slim Ouederni
Indicateurs
Overview Multi-Symbol Harmonic Pattern Scanner is a MetaTrader 5 indicator (not an Expert Advisor) that finds XABCD harmonic patterns, draws them on your chart and tracks them across many symbols and timeframes in one dashboard. It never places trades. It only analyses price and shows what it finds. It does three jobs at once: Draws patterns on the current chart : the five swing points, shaded triangles, Fibonacci ratios, the Potential Reversal Zone (PRZ), a stop level and two targets. Scans you
Multisymbol Fibonacci pivot scanner
Slim Ouederni
Indicateurs
Scans your watchlist and shows which Fibonacci pivot level each symbol is closest to, measured in daily ATR. **Stop flipping through charts. See every symbol's nearest daily Fibonacci pivot level in one dashboard.** Multi-Symbol Fibonacci Pivot Scanner watches a list of symbols you choose and, for each one, finds the closest Fibonacci pivot level to the current price. It then tells you how far away that level is in **daily ATR** , so a "close" level means the same thing on EURUSD, Gold, an in
Filtrer:
Aucun avis
Répondre à l'avis