Fibo Confluence
- Experts
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Iliya Nedelchev
I am a senior software engineer specializing in MetaTrader 5 trading systems, MQL5 development, Python integrations, execution infrastructure, risk controls and trading analytics. - Versão: 2.0
- Ativações: 5
Fibo Confluence is an automated Fibonacci pullback Expert Advisor for MetaTrader 5. It combines confirmed market swings, Fibonacci retracement zones, trend context, volatility filters and candlestick-pattern confluence before opening a trade.
The EA is designed as a configurable execution framework. A Fibonacci level touch alone is not enough to trigger an entry.
MAIN FEATURES
• Automatic directional swing detection
• Configurable Fibonacci retracement zone
• EMA-based trend context
• ATR-based impulse and volatility filtering
• Optional RSI filter
• Weighted candlestick-pattern confluence
• Equity-risk or fixed-lot position sizing
• Broker-aware volume normalization
• Stop Loss and Take Profit on every trade
• Optional break-even management
• Optional ATR trailing stop
• Spread filter
• Closed-bar signal evaluation
• Per-symbol Magic Number isolation
• Visible Fibonacci levels and on-chart status panel
• No Martingale
• No Grid logic
SIGNAL PROCESS
1. The EA determines the market direction using fast and slow exponential moving averages.
2. It searches for a confirmed directional impulse inside the configured swing lookback.
3. The impulse is rejected if it is too small relative to ATR.
4. A Fibonacci retracement zone is calculated from the detected impulse.
5. The EA waits for a closed candle to interact with the configured retracement area.
6. Enabled candlestick patterns are evaluated and assigned a confluence score.
7. Optional RSI and spread filters are applied.
8. Stop Loss, Take Profit and trade volume are calculated before order execution.
CANDLESTICK CONFLUENCE
The EA can evaluate the following pattern families:
• Pin Bar, Hammer and Shooting Star
• Bullish and Bearish Engulfing
• Bullish and Bearish Harami
• Piercing Line and Dark Cloud Cover
• Morning Star and Evening Star
• Tweezer Bottom and Tweezer Top
• Three White Soldiers and Three Black Crows
RISK MANAGEMENT
Fibo Confluence supports two position-sizing modes:
• Fixed trading volume
• Risk-based volume calculated from a percentage of account equity
Every trade is opened with a Stop Loss and Take Profit.
Optional position-management functions include:
• Break-even protection
• ATR-based trailing stop
The EA also normalizes order volume according to the broker's minimum volume, maximum volume and lot step.
INPUT GROUPS
Signal
• Signal timeframe
• Trend timeframe
• Swing lookback
• Fast EMA
• Slow EMA
• ATR settings
• RSI settings
• Minimum confluence score
Fibonacci Zone
• Shallow retracement boundary
• Deep retracement boundary
• Preferred Fibonacci level
• Price tolerance
• Minimum impulse size
Patterns
• Individual candlestick-pattern switches
• Pattern geometry and tolerance settings
Risk and Execution
• Magic Number
• Risk percentage
• Fixed lot size
• Reward/Risk ratio
• Maximum spread
• Position limit
Position Management
• Break-even settings
• ATR trailing settings
Display
• Fibonacci levels
• Status panel
DEFAULT CONFIGURATION
Default signal timeframe: M15
Default trend timeframe: H1
The EA may remain inactive for extended periods when its filters do not detect a valid setup. This is expected behavior.
IMPORTANT
Settings should be tested separately for every symbol, broker and market regime before use on a live account.
Historical testing does not guarantee future results.
Trading leveraged financial instruments involves risk and may result in loss of capital.
