Fibo Eagle EA

Fibo Eagle EA for MT4 - Fibonacci-Based Grid Trading Expert Advisor

Overview

FiboEagleEA is a sophisticated Expert Advisor (EA) designed for traders who want an automated trading system powered by the Fibonacci sequence. This EA integrates grid trading principles with advanced money management tools, delivering a blend of precision, adaptability, and profitability potential. Whether you're new to trading or a seasoned professional, FiboEagleEA adjusts to various market conditions, making it a versatile choice for achieving consistent results. Built with reliability in mind, it has been rigorously tested and validated to meet the strict standards of the MQL5 Market.

Key Features

  • Fibonacci Grid System: Strategically places virtual buy and sell orders based on the Fibonacci sequence (1, 1, 2, 3, 5, 8, 13, 21, 34, 55), optimizing entry points across a user-defined price range for enhanced market timing.
  • Dynamic Lot Sizing: Offers three customizable options—Fixed (No Multiplier) for steady trading, 2x Exponential for aggressive growth, or Progressive for gradual increases—allowing you to tailor risk to your strategy.
  • Profit and Loss Control: Set a Take Profit (TP) in account currency to secure gains and an optional Stop Loss (SL) to protect against significant losses, giving you full control over trade outcomes.
  • Time-Based Trading: Define specific trading hours (e.g., 01:00–23:30) and enable/disable trading for each day of the week, ensuring the EA operates only during your preferred market sessions.
  • Goal-Oriented Trading: Set profit targets for daily, weekly, or monthly periods as a percentage of your account balance (e.g., 1%, 5%, 20%), pausing trading once achieved to enforce disciplined profit-taking.
  • Virtual Order Persistence: Uses global variables to maintain the trading state across terminal restarts, updates, or power interruptions, ensuring seamless performance.
  • Margin Safety Check: Includes a built-in mechanism to verify sufficient account funds before placing orders, making it reliable even on small accounts with limited capital.

How It Works

FiboEagleEA operates by constructing a grid of virtual buy and sell orders around the current market price, with spacing calculated using the Fibonacci sequence. For example, if the current price is 1.2000 and TotalDistance is 1000 points, the EA distributes 10 orders on each side (buy and sell), spaced proportionally to Fibonacci ratios. As the price moves, these virtual orders are triggered into real market positions. The EA then computes a weighted average price for all open trades and dynamically adjusts a virtual Take Profit line, accounting for swap costs to optimize profitability. When the TP is reached—either by price hitting the line or profit exceeding the set amount—all positions are closed, and the cycle restarts. This method excels at capturing market swings, especially in trending or oscillating conditions.

Input Parameters

  • InitialLot: Starting lot size for the grid (default: 0.01). Smaller values suit low-balance accounts, while larger values increase exposure.
  • StartTime/EndTime: Trading window in HH:MM format (e.g., 01:00–23:50), based on server time, to limit trading to specific hours.
  • Monday–Sunday: Boolean toggles (true/false) to enable or disable trading on each day, offering flexibility for weekend or holiday adjustments.
  • OrderMargin: Distance in points from the current price to the first grid order (e.g., 600 points), setting the initial buffer.
  • TotalDistance: Total grid range in points (e.g., 10000), defining the scope of the Fibonacci-based order placement.
  • TakeProfitMoney: Take Profit value in account currency (default: $1.00), triggering closure when total profit reaches this amount.
  • EnableStopLoss/StopLossMoney: Toggle Stop Loss (true/false) and set its value (default: $-450.0), closing trades if losses hit this threshold and restart in next day at 01:00.
  • Daily/Weekly/Monthly Goals: Profit targets as a percentage of account balance (e.g., 1%, 5%, 20%), halting trading when met.
  • MultiplierType: Lot sizing strategy—choose NoMultiplier (fixed lots), Multiplier2x (doubles each level), or Progressive (increases gradually).

Why Choose FiboEagleEA?

  • Precision: Fibonacci-based entries improve timing by aligning with natural market retracement levels.
  • Customization: Adjust lot sizes, grid range, TP/SL, and trading times to match your risk profile and goals.
  • Reliability: Rigorously tested and validated for MQL5 Market, ensuring stability across brokers and conditions.
  • Versatility: Compatible with any currency pair and timeframe, though H1 is recommended for optimal signal frequency and stability.

Recommended Settings

  • Pair: Any pair with low spreads and good volatility (but need test and optimize).
  • Timeframe: Any timeframe.
  • Minimum Deposit: $1000 standard account or $10 for a cent account, with InitialLot adjusted (e.g., 0.01) for smaller accounts to manage risk. 
  • Leverage: 1:300 or higher to support the grid system’s margin requirements effectively.

Installation & Usage

  1. Attach FiboEagleEA to your desired chart in MetaTrader by dragging it from the Navigator or double-clicking.
  2. Adjust input parameters in the settings dialog that appears, customizing them to your trading plan.
  3. Enable AutoTrading in the MetaTrader terminal (click the "AutoTrading" button) and monitor the EA’s performance.

Support

For assistance with installation, parameter optimization, or troubleshooting, feel free to contact me via the MQL5 platform. I’m dedicated to ensuring you get the most out of FiboEagleEA and am happy to provide tailored advice based on your trading needs.

Disclaimer

Trading carries inherent risks, and past performance does not guarantee future results. Test FiboEagleEA thoroughly on a demo account before deploying it live to understand how it performs with your broker’s spreads, slippage, and execution conditions.

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Lachezar Krastev
5 (2)
WINTER SALE — LIMITED TIME! Get WallStreet Recovery PRO with a huge –60% discount AND receive News Scope EA PRO as a FREE BONUS ! Special Winter Sale Price: $177 (Regular Price: $447 — You Save $270!) FREE BONUS: News Scope EA PRO  A powerful multi-symbol strategy packed with advanced features, supporting 5 trading pairs — real value: $397! After completing your purchase, simply contact me and I will send you your BONUS EA immediately. Don’t miss this once-a-year opportunity! WallStreet Reco
Tom Scalper MT4
Xuan Bach Nguyen
Tom Scalper - The Trendline Breakout Expert Advisor Overview: Tom is an Expert Advisor designed for Gold (XAUUSD) trading. It uses a single trendline to determine the trend and incorporates pattern recognition to identify breakout conditions. Built for traders seeking a structured approach, Tom follows predefined criteria to execute trades based on market movements. Join My MQL5 Channel for the Latest Updates! Live Signal :   https://www.mql5.com/en/signals/2335544 Pricing Launch Price : $199
CyNera MT4
Svetlana Pawlowna Grosshans
2.87 (15)
CyNera: Il Tuo Trading, La Nostra Tecnologia Manuale e file di configurazione: contattami dopo l'acquisto per ricevere il manuale e i file di configurazione Prezzo: Il prezzo aumenta in base al numero di licenze vendute Copie disponibili: 4 Il trading dell'oro, uno degli strumenti più volatili sul mercato, richiede precisione, analisi approfondita e una solida gestione del rischio. Il CyNera Expert Advisor integra perfettamente questi elementi in un sofisticato sistema progettato per il trading
Level Up FOREX ea MT4
Ebrahim Mohamed Ahmed Maiyas
5 (1)
An advanced Expert Advisor powered by artificial intelligence and machine learning, specifically designed for analyzing   FOREX   . It adapts to price movements and market fluctuations to detect potential trading opportunities. Artificial Intelligence Integration: At the heart of this EA les a sophisticated AI engine capable of recognizing complex patterns in  FOREX  price data. The system continuously processes historical and live   FOREX  price feeds to identify potential entry and exit points
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Mateo Perez Perez
4.31 (29)
Goldex AI: il successo di oggi sarà il frutto di domani SUPER SCONTO PER UN PERIODO LIMITATO! ULTIME 2 COPIE A 299 USD PRIMA CHE IL PREZZO AUMENTI. Segnale reale di IC Markets: Goldex AI Rischio elevato Manuale e file di configurazione: Contattatemi dopo l'acquisto per ricevere il manuale e i file di configurazione. Prezzo: Il prezzo di partenza è di $899 e aumenterà di $199 ogni dieci vendite. Copie disponibili: 2 Goldex AI - Robot di trading avanzato con reti neurali, trend e price action. Go
BB Return mt4
Leonid Arkhipov
5 (1)
BB Return — un Expert Advisor (EA) per il trading dell’oro (XAUUSD). Questa idea di trading è stata utilizzata in precedenza da me nel trading manuale . Il cuore della strategia è il ritorno del prezzo all’interno del range delle Bollinger Bands , ma non in modo meccanico né a ogni contatto. Nel mercato dell’oro le bande da sole non sono sufficienti, per questo l’EA utilizza filtri aggiuntivi che eliminano condizioni di mercato deboli o non operative. Le operazioni vengono aperte solo quando la
Diamond Black
Fanur Galamov
5 (2)
Diamond Black  is a professional expert advisor for automatic market trading. The EA implements my long-term observations of the market behavior in the evening. A thorough analysis of the behavior of the low-volatility market allowed me to implement a stable reliable system for profitable and long-term trading. EA algorithm uses the advantages of pending limit orders and strict control of trading risk. Expert advisor uses automatic lot calculation, and also allows you to use a fixed trading lo
Jesko
Cence Jk Oizeijoozzisa
5 (2)
Jesko EA –  Jesko è un Expert Advisor (EA) speciale , costruito su una strategia comprovata che è stata ottimizzata e testata per anni. È stato testato su conti reali e ha dimostrato costantemente prestazioni redditizie e a basso rischio . Ora abbiamo deciso di renderlo disponibile al pubblico. Signal live     Quattro mesi di conto reale Qui è disponibile la versione MetaTrader 5. Dopo l’acquisto , saranno disponibili sia la versione MetaTrader 4 che MetaTrader 5. Installazione semplice  Funzio
Wall Street Scalper MT4
Evgenii Aksenov
4 (6)
A scalping robot of a new generation should be developed using Artificial Intelligence. Suitable for scalping trading on one of the most popular US Wall Street 30  index (US30). The strategy has passed months of tests on real and demo accounts and is currently being used on several investment accounts with different Profit/Risk ratios. Big sale 50% OFF! Price $199. Regular price $399 All our signals are now available on myfxbook :   click here   Unique set files and all recommendations are pro
Quantum King MT4
Bogdan Ion Puscasu
5 (2)
Quantum King EA: potenza intelligente, raffinata per ogni trader IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. Prezzo di lancio speciale Segnale in diretta:       CLICCA QUI Versione MT5:   CLICCA QUI Canale Quantum King:       Clicca qui ***Acquista Quantum King MT4 e potresti ottenere Quantum StarMan gratis!*** Chiedi in privato per maggiori dettagli! Regola       il tuo trading con precisione e discipli
Quantum HFT Prop Firm
Ho Tuan Thang
4.92 (111)
ONLY 3 COPIES OUT OF 10 LEFT AT $99! After that, the price will be raised to $199. HFT  Propfirm Challenge Performance Monitor Account Number: 44787199 Server: ICMarketsSC-Demo04 Password: quantum123 You will get BONUS  worth $399 after you pass the HFT Prop Firm challenge round Quantum HFT Prop Firm is the EA is designed to pass the competition of HFT Prop Firms.  Please be aware that this Expert Advisor (EA) should not be used with a real account. Its sole purpose is to assist in passing
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Fibomathe
Almaquio Ferreira De Souza Junior
Fibomathe Indicator: Support and Resistance Tool for MT5 The Fibomathe Indicator is a technical analysis tool designed for MetaTrader 5 (MT5) that assists traders in identifying support and resistance levels, take-profit zones, and additional price projection areas. It is suitable for traders who use structured approaches to analyze price action and manage trades. Key Features Support and Resistance Levels: Allows users to define and adjust support and resistance levels directly on the chart.
FREE
Fibomathe for MT4
Almaquio Ferreira De Souza Junior
Fibomathe Indicator: Support and Resistance Tool for MT4 The Fibomathe Indicator is a technical analysis tool designed for MetaTrader 4 (MT4) that assists traders in identifying support and resistance levels, take-profit zones, and additional price projection areas. It is suitable for traders who use structured approaches to analyze price action and manage trades. Key Features Support and Resistance Levels: Allows users to define and adjust support and resistance levels directly on the chart. L
FREE
Bolic Eagle EA
Almaquio Ferreira De Souza Junior
Bolic Eagle EA - Advanced Parabolic SAR-Driven Trading Algorithm Overview Bolic Eagle EA is a sophisticated algorithmic trading solution designed for traders seeking a highly adaptable and automated system rooted in the Parabolic SAR indicator. This Expert Advisor (EA) is crafted to identify and capitalize on market reversals by utilizing the precision of the Parabolic SAR, enhanced with optional trend confirmation tools, advanced risk management protocols, and unique features such as email no
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