Fibo Expansion Auto Redraw Trade Assistant

Current price is an introductory launch price for early users. The price may be adjusted in future versions as the product receives updates and improvements.


Fibo Expansion Auto Redraw Trade Assistant is a MetaTrader 4 Expert Advisor designed to help traders manage trades and alerts around manually drawn Fibonacci Expansion objects.

The EA works with a user-defined Fibonacci Expansion setup. It can send alerts or open trades at predefined FE levels, using risk percent position sizing, a maximum spread filter, Stop Line protection and selected alert channels.

As price develops, the EA can automatically redraw the monitored Fibonacci Expansion object after a qualifying pullback. This helps keep the active FE structure aligned with the latest expansion-and-pullback sequence, without rebuilding the object manually after every valid update.

The trader remains in control of the initial analysis, Fibonacci Expansion object placement, FE levels, risk settings and execution mode.

Product Overview

This EA is a trade management assistant for traders who work with repeated Fibonacci Expansion and pullback sequences. It does not replace analysis. It helps manage the object, alerts and optional execution around a setup drawn by the trader.

The tool is intended primarily for Forex testing first. Metals, indices and crypto CFDs may depend on broker-specific symbol settings such as tick value, tick size, lot step, minimum lot and stop level.

Core Workflow

The EA uses a single-entry configuration per monitored Fibonacci Expansion object: one setup color, one BUY entry and one SELL entry.

This is not a one-object limit. If several Fibonacci Expansion objects with the selected color are placed on the same chart, each matching object can be handled as a separate setup using the same input settings.

Key Features

  • Works with manually drawn Fibonacci Expansion objects.
  • Pullback-confirmed Fibonacci Expansion auto-redraw.
  • One selected setup color.
  • One BUY entry and one SELL entry per monitored FE object.
  • Entry, Stop Loss and Take Profit based on FE levels.
  • Risk percent lot calculation.
  • Maximum spread filter.
  • Stop Line support.
  • AlertOnly mode.
  • AutoTrade mode.
  • RedrawOnly mode.
  • Popup and push alerts.
  • Multiple matching FE objects can be monitored on the same chart.

Quick Start

  1. Open a chart in MetaTrader 4.
  2. Attach Fibo Expansion Auto Redraw Trade Assistant to the chart.
  3. If you want automatic trading, enable Allow live trading in the EA settings and enable AutoTrading in MT4.
  4. By default, the EA runs in the safer AlertOnly mode, which sends alerts but does not open trades.
  5. Manually draw a Fibonacci Expansion object on the chart.
  6. Set the ray/main object color of the Fibonacci Expansion object to match FiboColor1.
  7. By default, FiboColor1 = Red; this means the color of the FE rays/main object, not the colors of individual FE levels.
  8. The EA monitors only Fibonacci Expansion objects with the selected color.
  9. You can place several matching Fibonacci Expansion objects on one chart. Each matching object is treated as a separate setup.

Execution Modes

  • AlertOnly - the EA sends entry alerts but does not open trades.
  • AutoTrade - the EA can open trades when the conditions are met.
  • RedrawOnly - the EA only monitors and redraws Fibonacci Expansion objects, without entry alerts and without trades.

Fibo Settings

  1. FiboColor1 selects the Fibonacci Expansion object color the EA should monitor.
  2. Minimum Fibo Pullback Range (Points) defines the minimum required pullback range in points.
  3. The EA uses FE levels configured in the EA inputs, not the visual level list shown inside the Fibonacci Expansion tool.
  4. The colors of individual FE levels are not used to identify a setup. The EA uses the ray/main object color.

BUY And SELL Settings

BUY Settings

  1. BuyBrTouch defines the BUY touch level before redraw.
  2. BuyBrUpdate defines the BUY breakout/update level for redraw.
  3. BuyRiskPcnt defines BUY position risk as a percent of account balance.
  4. BuyFEOpen defines the FE level for BUY entry.
  5. BuyFESL defines the FE level for BUY Stop Loss.
  6. BuyFETP defines the FE level for BUY Take Profit.

SELL Settings

  1. SellBrTouch defines the SELL touch level before redraw.
  2. SellBrUpdate defines the SELL breakout/update level for redraw.
  3. SellRiskPcnt defines SELL position risk as a percent of account balance.
  4. SellFEOpen defines the FE level for SELL entry.
  5. SellFESL defines the FE level for SELL Stop Loss.
  6. SellFETP defines the FE level for SELL Take Profit.

Risk And Execution

  1. By default, BuyRiskPcnt and SellRiskPcnt are set to 0.1, meaning 0.1% of account balance.
  2. MaxSpread blocks entry if spread is higher than the configured limit.
  3. MagicNumber identifies trades opened by the EA.
  4. SlippagePoints defines allowed slippage in points.
  5. The EA checks minimum lot, maximum lot, lot step, margin and the broker's minimum SL/TP distance.

Stop Line

  1. If StopLine = true, the EA can stop after price touches a special horizontal line.
  2. To use Stop Line, draw a horizontal line on the chart.
  3. Set the line color to blue.
  4. Set the line width to 3.
  5. When price touches this line, the EA stops working on that chart.

Alerts

  1. UsePushNotifications = true enables push notifications to the MT4 mobile app.
  2. UsePopupAlerts = true enables popup alerts inside the MT4 terminal.
  3. For push alerts to work, configure notifications in MT4 settings first.

Auto-Redraw

  1. Auto-redraw updates the Fibonacci Expansion object only when the configured touch/breakout conditions are met.
  2. Auto-redraw does not predict market direction.
  3. Auto-redraw does not search for setups by itself.
  4. The trader remains responsible for the initial analysis and the first manually drawn Fibonacci Expansion object.

Testing Notes

  1. Test the EA in Strategy Tester first.
  2. Then test it on a demo account.
  3. Check the Experts and Journal tabs.
  4. Verify lot size, SL, TP, spread and auto-redraw behavior.
  5. Test primarily on major Forex pairs first.
  6. Metals, indices and crypto CFDs may depend on broker settings such as tick value, tick size, lot step, minimum lot and stop level.

Important Notes

  1. The EA does not provide financial advice.
  2. The EA does not guarantee profit.
  3. The EA does not find trades without a user-drawn setup.
  4. The EA is a tool for alerts, execution and Fibonacci Expansion object management.
  5. Always test any trading tool on a demo account before using it on a live account.

FAQ

Is this an indicator?

No. It is a MetaTrader 4 Expert Advisor. It can monitor the chart, send alerts and optionally place trades through MT4.

Does the EA find setups automatically?

No. The user manually draws the Fibonacci Expansion object. The EA manages the setup that is already placed on the chart and matches the selected color.

Can it open trades automatically?

Yes, if TradeMode is set to AutoTrade and MT4 AutoTrading is enabled. In AlertOnly mode, the EA sends alerts only.

Can I use it only for alerts?

Yes. AlertOnly mode is designed for manual trading, testing and setup monitoring without automatic execution.

Why does the EA not react to my Fibonacci object?

Common reasons include:

  • the object color does not match FiboColor1,
  • Fibonacci Retracement was used instead of Fibonacci Expansion,
  • the market is not receiving ticks,
  • the EA is not active on the chart,
  • the Stop Line has stopped the EA,
  • the range is smaller than Minimum Fibo Pullback Range (Points).

Can I use more than one FE object on the same chart?

Yes. If several Fibonacci Expansion objects use the selected FiboColor1, each matching object can be treated as a separate setup. All matching objects use the same EA inputs.

Does this include multiple entry levels?

No. The EA uses a single-entry configuration per monitored FE object: one BUY entry and one SELL entry.

Does it include partial close, break even or trailing stop?

No. This version is focused on a clean workflow: manually drawn Fibonacci Expansion, pullback-confirmed auto-redraw, Entry / SL / TP, risk percent, alerts and optional AutoTrade.

Does auto-redraw predict the market?

No. Auto-redraw does not predict direction. It only updates the Fibonacci Expansion object when the configured redraw conditions are met.

Does it work on gold, indices or crypto CFDs?

It may work, but broker specifications matter. For metals, indices and crypto CFDs, always check tick value, tick size, minimum lot, maximum lot, lot step and stop level. Test on demo first.

Does the EA guarantee profit?

No. The EA does not guarantee profit and does not remove trading risk. It is a trade management and execution assistant for user-defined setups.

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AGGIORNAMENTO — DICEMBRE 2025 Alla fine di novembre 2024, l’Expert Advisor Aurum è stato ufficialmente messo in vendita. Da allora ha operato in condizioni reali di mercato — senza filtro news, senza protezioni aggiuntive e senza limitazioni complesse — mantenendo una stabilità costante. Live Signal (launch April 14, 2026) Un anno completo di trading reale ha dimostrato chiaramente l’affidabilità del sistema di trading. E solo dopo questa esperienza, basandoci su dati reali e statistiche concr
Aura Neuron MT4
Stanislav Tomilov
4.67 (15)
Experts
Aura Neuron è un Expert Advisor distintivo che continua la serie di sistemi di trading Aura. Sfruttando reti neurali avanzate e strategie di trading classiche all'avanguardia, Aura Neuron offre un approccio innovativo con eccellenti prestazioni potenziali. Completamente automatizzato, questo Expert Advisor è progettato per negoziare coppie di valute XAUUSD (GOLD). Ha dimostrato una stabilità costante su queste coppie dal 1999 al 2023. Il sistema evita pericolose tecniche di gestione del denaro,
XGen Scalper MT4
Burak Baltaci
3 (2)
Experts
XGen Scalper MT4 - Sistema di trading automatico professionale XGen Scalper è un Expert Advisor all'avanguardia che combina un'analisi tecnica comprovata con una struttura algoritmica avanzata per offrire risultati coerenti su tutti i mercati. Questo potente sistema di trading funziona senza problemi su coppie forex, metalli preziosi come oro e argento, criptovalute e indici delle materie prime. Tecnologia algoritmica avanzata L'algoritmo di scansione delle onde brevettato elabora i dati di
AW Recovery EA
AW Trading Software Limited
4.35 (84)
Experts
L'Expert Advisor è un sistema pensato per recuperare posizioni non redditizie.   L'algoritmo dell'autore blocca una posizione perdente, la divide in molte parti separate e chiude ciascuna di esse separatamente. La facile configurazione, il lancio ritardato in caso di drawdown, il blocco, la disabilitazione di altri Expert Advisor, la media con il filtraggio delle tendenze e la chiusura parziale di una posizione in perdita sono integrati in un unico strumento. È l'uso della chiusura delle perdit
BB Return mt4
Leonid Arkhipov
4.89 (18)
Experts
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
GOLD Scalper PRO
Lachezar Krastev
4.48 (25)
Experts
BUY 1 and GET 1 FREE - Promotion! Buy GOLD Scalper PRO with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $177 (Regular Price: $447 — You Save $270!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2353871 GOLD Scalper PRO is a fully automated trading system which takes much of the work out of trading, leaving you free to do other things! You should not be fooled
Luna AI PRO
Profalgo Limited
4.67 (3)
Experts
Promo lancio: Solo 1 copie disponibili a 399$ Prezzo finale: 2000$ Ci sarà solo un numero limitato di copie vendute di questo EA Scatena il potere dell'intelligenza artificiale e porta il tuo trading a livelli senza precedenti con   Luna AI Pro EA   , il robot di trading "mean reverse" più avanzato sul mercato. Progettato per soddisfare sia i trader esperti che i principianti, questo sistema all'avanguardia basato sull'intelligenza artificiale è dotato di una vasta gamma di funzionalità per ot
Adaptive Gold Scalper MT4
Fan Yang
Experts
Adaptive Gold Scalper Important Pre-notice: This strategy requires a long period of practical verification, and favorable trading returns cannot be guaranteed in the short run. Traders must select brokers with ultra-low order latency, minimal slippage and zero/low stop level requirement; poor broker conditions will lead to disastrous trading results. I have over 14 years of professional trading experience.   With proper brokerage conditions and sufficient running time, this fully automated scalp
EA Games Changer
Tjia Elisabeth Jasmine Canadi
5 (4)
Experts
AI Games Changer – Sistema di media multicoppia + copertura (direzionale intelligente esteso) Versione: Interfaccia utente interattiva perfezionata - MT4 (corretta) Sviluppatore: CyberBot Project P R E P A R A T II O N Ecco la filosofia di Games Changer: se il trading è un gioco d'azzardo, abbraccialo con intelligenza. Attivando fino a 20 coppie contemporaneamente, i pattern di prezzo complementari creano un punto di equilibrio stabile, di gran lunga superiore all'affidament
WallStreet Recovery PRO
Lachezar Krastev
5 (2)
Experts
BUY 1 and GET 1 FREE - Promotion! Buy WallStreet Recovery PRO with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $177 (Regular Price: $447 — You Save $270!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2331815 WallStreet Recovery PRO is a powerful FULLY automated trading system built on the legendary WallStreet Forex Robot core — one of the most popular and ti
GOLD Edge PRO
Hideki Nakajima
4.86 (7)
Experts
Gold Edge Pro is the EA designed exclusively for GOLD (XAUUSD). It can also be used in other currency pairs. This EA trades trend-follow using the moving average and multiple time frame RSIs. Use GRID trade. News filters are available. This EA closes with the "DD Reduce" function when drawing down. You can set trailing stop for "GRID trading" and "DD Reduce" function. Additional trades can be made using the panel. These are automatically settled as GRID series. You can also manually settle all t
One Gold MT4
Stanislav Tomilov
4.68 (19)
Experts
Presentazione di One Gold EA, un sofisticato robot di trading per l'oro sulla piattaforma Meta Trader, sviluppato per assistere i trader con analisi di mercato avanzate. La nostra tecnologia proprietaria sfrutta reti neurali e algoritmi basati sui dati per analizzare i dati storici e in tempo reale del mercato dell'oro, fornendo informazioni che possono aiutare nel processo decisionale. A differenza delle tradizionali strategie manuali, One Gold EA opera con un intervento minimo, semplificando i
Forex GOLD Investor
Lachezar Krastev
4.39 (51)
Experts
BUY 1 and GET 1 FREE - Promotion! Buy Forex GOLD Investor with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330! ) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Forex GOLD Investor is one of the best expert advisors developed to trade on GOLD(XAUUSD) in the forex market. Forex GOLD Investor consists of 3 trading systems . The first one is based on scalping trading strat
Wall Street Robot MT4
MQL TOOLS SL
5 (1)
Experts
Wall Street Robot is a   professional trading system   developed exclusively for US stock indices, focused on S&P500 and Dow Jones. These markets are known for their high liquidity, structured movements and strong reaction to global economic flows, making them ideal for algorithmic trading strategies based on precision and discipline. By concentrating only on these indices, the system is able to adapt closely to their behavior, volatility patterns and intraday dynamics, instead of trying to oper
XG Gold Robot MT4
MQL TOOLS SL
4.29 (42)
Experts
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
Forex Diamond EA
Lachezar Krastev
5 (5)
Experts
BUY 1 and GET 1 FREE - Promotion! Buy Forex Diamond EA with a huge –60% discount and GET 1 FREE EA by your choice! Promo Price: $217 (Regular Price: $547 — You Save $330!) After purchase contact me to get your GIFT EA! You can also contact me to get the list of available GIFT EAs! Live Results:   https://www.mql5.com/en/signals/2379493 Forex Diamond EA – Reliable Automated Trading Powered by Smart Algorithms Forex Diamond EA is a proven expert advisor designed to deliver consistent results us
Dark Algo
Marco Solito
4.67 (69)
Experts
Last copy at 399$ -> next price 499$ Dark Algo  is a fully automatic Expert Advisor for Scalping Trading on Eurusd and Gbpusd . This Expert Advisor is based on the latest generation of algorithm and is highly customizable to suit your trading needs.  If you   Buy this Expert   Advisor you can   write a feedback   at market and   get   a second EA for   Free , for More info contact me The basic strategy of this EA is built on a sophisticated algorithm  that allows it to identify and follow market
Dragons Risk Shield
Ivan Simonika
Experts
RiskShield Dragon   — Automated Multi-Currency Advisor Combining intelligent algorithms, robust protection mechanisms, and flexible configuration, **RiskShield Dragon** delivers consistent profits with minimal risk. --- ## Key Advantages * **Multi-Currency & Multi-Threaded**: Supports over 20 currency pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDJPY, and more) simultaneously on any timeframe. * **Minimum Deposit from 10,000**: Optimized for trading with a starting balance of 10,000 account uni
Dynamic Pips MT4
Thi Thu Ha Hoang
5 (1)
Experts
️ Possiedi già il  Boring Pips EA ? Hai diritto a uno  sconto aggiuntivo del 30% ! Contattaci per scoprire: Come richiedere il tuo rebate (rimborso) Il secondo mandato di Trump ha riacceso un'ondata di politiche commerciali aggressive, a partire dal ritorno di dazi doganali su larga scala che stanno scuotendo i mercati globali. Le tensioni in Medio Oriente sono aumentate — recentemente tra Israele e Iran — influenzando potenzialmente l’aumento del prezzo del petrolio. La guerra tra R
Waka Waka EA
Valeriia Mishchenko
4.25 (48)
Experts
8+ years of live track record with +12,000% account growth: Live performance MT 5 version can be found here Waka Waka is the advanced grid system which already works on real accounts for years. Instead of fitting the system to reflect historical data (like most people do) it was designed to exploit existing market inefficiencies. Therefore it is not a simple "hit and miss" system which only survives by using grid. Instead it uses real market mechanics to its advantage to make profit Supported cu
Gann HiLo System MT4
Pol Lazaro Porta
Experts
GHS (Gann HiLo System ) is an expert advisor that trades the resumption of a trend after a pullback, using the Gann HiLo Activator as its directional reference. It does not chase price or try to anticipate reversals: it waits for the line to define a trend, waits for price to pull back against it, and enters only when the market clears the prior extreme of the move, confirming it wants to resume its direction. The Gann HiLo indicator is calculated inside the advisor itself, so no external indic
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