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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Real Trading Account LIVE SIGNAL 100K:   https://www.mql5.com/en/signals/2388151 Real Trading Account  LIVE SIGNAL 3K:  https://www.mql5.com/en/signals/2363526 Check Out All Our Products :   Click Here Fortune is an automated breakout Expert Advisor for MetaTrader 4 & 5, developed primarily for XAUUSD. The EA identifies potential breakout and breakdown zones based on recent market structure, then manages each trade according to the risk percentage set by the user. Every position is opened wit
Daytrade Pro Algo
Profalgo Limited
5 (5)
Experts
Promozione lancio: Numero limitato di copie disponibili al prezzo corrente Prezzo finale: 990$ NOVITÀ: ottieni 1 EA gratis!   (per 2 account commerciali) Ultimate Combo Deal   ->   click here LIVE RESULTS:   https://www.mql5.com/en/signals/1949810 JOIN PUBLIC GROUP:   Click here Set Files Benvenuto in DayTrade Pro Algo!   Dopo anni di studio dei mercati e programmazione di diverse strategie, ho trovato un algoritmo che ha tutto ciò di cui ha bisogno un buon sistema di trading: È indipendente d
Gold Trade Pro
Profalgo Limited
4.61 (23)
Experts
Promo lancio! Sono rimaste solo poche copie a 449$! Prossimo prezzo: 599$ Prezzo finale: 999$ Ottieni 1 EA gratis (per 2 account commerciali) -> contattami dopo l'acquisto Ultimate Combo Deal   ->   click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro si unisce al club degli EA che commerciano oro, ma con una grand
The Gold Space MT4
Ayush V Jain
5 (1)
Experts
LIVE SIGNAL REACHED NEW HIGHS. Live Signal on Vantage https: // www.mql5.com/en/signals/2378090 https: // www.mql5.com/en/signals/2378091 live signal is running mode/option 1 with autolot 2 % risk. Add webrequest for news filter https: //nfs.faireconomy.media Join telegram group   https://t.me/+UaALtDiYMb4xYTk1 Price Increases on monday. Overview:  The Gold Space is a fully automated, professional-grade Expert Advisor specifically engineered for the XAUUSD (Gold) market. Designed natively for M
Recovery Manager Pro MT4
Ianina Nadirova
5 (1)
Experts
Recovery Manager Pro è un sistema per recuperare i prelievi da altri consulenti o da ordini aperti manualmente. RM Pro ha la capacità di adattarsi automaticamente in modo dinamico. Il trader deve selezionare il livello di rischio e il consulente lavorerà in modalità completamente automatica. Può funzionare in modalità di recupero prelievo e in modalità standby! Se un altro consulente genera un prelievo, RM Pro lo disabiliterà, bloccherà la posizione e avvierà il processo di ripristino del depos
Boring Pips MT4
Thi Thu Ha Hoang
4.6 (15)
Experts
Ti sei mai chiesto perché la maggior parte degli esperti consulenti non è efficace nel trading reale, nonostante la loro perfetta performance nei backtest? La risposta più probabile è Over-fitting. Molti EA vengono creati per 'imparare' e adattarsi perfettamente ai dati storici disponibili, ma falliscono nel prevedere il futuro a causa di una mancanza di generalizzabilità nel modello costruito. Alcuni sviluppatori semplicemente non conoscono l'esistenza del Over-fitting, o ne sono a conoscenza
Scipio Gold Bot
Stefano Frisetti
Experts
Attenzione alle TRUFFE! SCIPIO GOLD BOT e' distribuito solo su MQL5.com Questo non e' un BOT commerciale, ma e' professionale, la distribuzione e' limitata a 100 copie in tutto ed inoltre il costo puo' aumentare senza avviso. questa e' la versione per  MT4, se vuoi la versione per Mt5:  https://www.mql5.com/it/market/product/148820 Le Differenze che rendono SCIPIO EA unico sono: + nessuna impostazione variabile o che il TRADER deve inserire + apre 1 solo trade alla volta + usa sempre STOP LOSS
SouthEast
Sugianto
5 (11)
Experts
Promo Discount 50 % From $ 499 to $ 250 , limited time offer, get yours copy right now! SouthEast is an expert advisor developed from my experience in manual trading that has been automated. SouthEast is specifically designed to generate maximum profits with small deposits by prioritizing the security of your funds. Why SouthEast? SouthEast does not require complicated settings and is easy to use because user only need to upload a set file that is already available. Currently there are set fi
Bitcoin Expert MT4
Elif Kaya
5 (3)
Experts
- Real price is 1000$ - Limited Discount (It is 299$) -  Only 2 purchase is 299$. - New update: 2026/9/6 - Lifetime update free Welcome, Bitcoin Expert opens automatically trade with Highly profit, Fixed Stop loss. No Martingale, No Grid Bitcoin is a cryptocurrency, a peer-to-peer digital currency that operates independently of a central governing authority . Bitcoin enables direct transactions between users, secured by cryptographic technology and recorded on a transparent and immutable ledger
Advanced Sniper Pro EA mq
DMITRII GRIDASOV
Experts
ADVANCED SNIPER PRO EA è un sistema di trading automatico preciso con una percentuale di vincita di circa il 90%. Questo EA è uno dei robot per scalping più stabili, costanti e redditizi al mondo. È un prodotto originale offerto solo su questo sito web MQL5. Scarica EA Set_files per test e trading: GBPAUD Set_file GBPCAD Set_file L'EA offre una varietà di impostazioni che i trader professionisti possono utilizzare per le loro esigenze. I principianti del Forex possono semplicemente utilizzar
ToTheMoon MT4
Daniel Moraes Da Silva
5 (1)
Experts
ONE OF THE FEW ROBOTS WITH A SIGNAL HISTORY OF MORE THAN 3 YEARS AND AMONG THE TOP 10.   LINK TO MY ROBOTS AND SIGNAL PRESETS: In my profile there is a link to download the PRESETS that I use in my SIGNALS, you can download and Backtest for free, there are explanations in the my WebSite. https://www.mql5.com/en/users/tec_daniel   LINK TO OTHER ROBOT VERSIONS: MT4:  https://www.mql5.com/en/market/product/97963 MT5:  https://www.mql5.com/en/market/product/97962   SOME EXAMPLES OF SIGNALS ON “mql5.
Scalping Index Pro MT4
MQL TOOLS SL
Experts
Scalping Index Pro is a   professional trading system   designed specifically for fast and precise scalping on   US30 and DE40 using the M1 timeframe . The system has been developed specifically for the unique behavior of major stock indices, focusing on short term price movements, rapid momentum changes, market volatility, and selective grid based trade management techniques to identify high probability   trading opportunities . Scalping Index Pro is optimized for traders who prefer dynamic tra
GOLDwind Engine4
Tjia Elisabeth Jasmine Canadi
Experts
EA~GOLDwind – Il motore di crescita estremo per XAUUSD – Genera un ROI superiore al 100% al mese Expert Advisor pronto all'uso per MT4 e MT5 I N T R O Scopri la potenza di GOLDwind Scopri come un motore di trading avanzato trasforma la volatilità di XAUUSD in opportunità di trading di precisione. Grazie alla sua interfaccia grafica trasparente che rivela tempestivamente i segnali di un momentum significativo, siano essi inversioni di tendenza o formazioni di trend potenti, avrai access
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
Exorcist Projects
Ivan Simonika
3 (1)
Experts
Exorcist Bot   is a multi-currency, multi-functional advisor that works on any time frame and in any market conditions. - The robot’s operation is based on an averaging system with a non-geometric progression of constructing a trading grid. - Built-in protection systems: special filters, spread control, internal trading time limitation. - Construction of a trading network taking into account important internal levels. - Ability to customize the aggressiveness of trading. - Working with pending
EA Games Changer
Tjia Elisabeth Jasmine Canadi
5 (3)
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
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
EA Ice Cube Scalper
Sergey Batudayev
4.71 (21)
Experts
Consulente commerciale Scalper per cubetti di ghiaccio -           è uno scalper diurno       , facendo un gran numero di scambi ogni giorno, prendendo diversi punti con ogni transazione. La strategia dell'EA è quella di negoziare con il trend utilizzando l'indicatore RSI. L'EA utilizza la media con un lotto moltiplicatore, è necessario capirlo prima di utilizzare l'EA, tuttavia la strategia ha funzionato bene sia nel backtesting che nel trading dal vivo. Prima di acquistare, assicurati di test
XG Gold Robot MT4
MQL TOOLS SL
4.27 (41)
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
Exp4 The xCustomEA for MT4
Vladislav Andruschenko
4 (5)
Experts
The xCustomEA per MetaTrader 4 — Expert Advisor universale per indicatori personalizzati Trasforma praticamente qualsiasi indicatore personalizzato in una strategia di trading automatizzata. The xCustomEA per MetaTrader 4 è un Expert Advisor universale progettato per ricevere segnali dai tuoi indicatori personalizzati ed eseguire operazioni secondo la logica che definisci. È sufficiente indicare il nome dell’indicatore, i buffer di segnale e i parametri principali, e l’EA utilizzerà questi dati
Forex GOLD Investor
Lachezar Krastev
4.4 (52)
Experts
FOREX MEGA SALE! 65% OFF! Buy Forex GOLD Investor with a huge –65% discount ! Promo Price: $197 (Regular Price: $547 — You Save $350! ) Act now before this deal ends! 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 strategy, the second system has time based dependency which opens up to 2 trades at a time and the third system is based on
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