Fibonacci Trader EA

Fibonacci Auto Trader EA v1.0 is a fully automated trading system designed for MetaTrader 4, based on Fibonacci Retracement and Extension strategies.

This Expert Advisor automatically detects market swing highs and lows, applies Fibonacci levels, and executes trades with precision during retracement zones.

🔹 Key Features:
Fully automated Fibonacci Retracement trading
Smart swing high & swing low detection
Entry based on key Fibonacci levels (38.2%, 50%, 61.8%)
Fixed Take Profit (1000 points)
Automatic Stop Loss based on market structure
Built-in Trailing Stop for profit protection
Fixed lot size (0.01) for controlled risk
Works on all major currency pairs
Compatible with all brokers
🔹 Trading Strategy:

The EA identifies recent price swings and applies Fibonacci retracement levels. Trades are executed when price retraces into high-probability zones, aiming to capture continuation moves.

🔹 Recommended Settings:
Timeframe: M15, H1
Pairs: EURUSD, GBPUSD, USDJPY
Market: Forex (currency pairs)
🔹 Risk Management:

The EA uses predefined Stop Loss and Trailing Stop to help manage risk and lock in profits during favorable market movements.

⚠️ DISCLAIMER 

Trading Forex involves risk. This EA does not guarantee profits. Past performance does not ensure future results. Use proper risk management at all times.
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