FIBO Strategy EA

FIBO Strategy EA is a very simple and flexible expert advisor, using a known indicator that allows you to see and exploit retracements. Any optimization should be done using average values and not doing it too often, it can be used at all times, but is more productive with the M30 and H1 times.                                                                                                                                                                                                                                                                                                                                                                                       This Expert Advisor works with two signals:                                                                                                                                                                                                                                                                                                                    

  • BUY Signal: When the price crosses over the virtual line.

  • SELL Signal: When the price crosses under the virtual line.

The virtual line is a line inserted into the indicator at the preferred level, when the price touches this level the EA sends a BuyStop order (if Fibo is low) or SellStop order (if Fibo is hight), each order has TakeProfit and StopLoss. The wallet is protected with BasketProfit and BasketLoss. You can open the initial trade manually using the panel. This EA uses a loss recovery zone: Let's say you just entered the market with a "Buy" position with 0.01 lots and your StopLoss = 30 points and TakeProfit = 90 points. The EA places a "Sell Stop" order with 0.02 lots pending to cover the Stop Loss, the market will certainly move - up or down - it may take some time, but it will move up to TakeProfit

Requirements for the trading conditions:

  • Leverage: 1:100 or higher;
  • Minimum deposit: $1000;
  • Lots size:  Balance/100*0.01;
  • Currency pairs: AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF;
  • Timeframe: Any time but recommended М30  H1;                                                                         
  • Trading type: NO Reserving margin for pending order;

                                                                                                                                                                                                                                                                                                          

Main Settings:

  • Work timeframes - indicator works into time;                                                                                                                                                                                                                                                                                             
  • Direction of trade - three directions: long and short / only long /only short;
  • Trade mode - two ways to trade: automatically or manually with the panel;                                                                                                                                                                                                                                                       
  • Recovery line - see or not see recovery zone;
  • Pending order distance - distance of pending order in pips;                                                                                                                                                                                                                                                                              
  • Take Profit - distance take profit in pips;
  • Stop Loss – distance stop loss in pips;                                                                                                                                                                                                                                                                                                              
  • Break Even Start At - level (in pips) that activates the Break Even;
  • Break Even Level At - activation of Break Even (in pips). It is activated when the value of Break Even Start At reached;                                                                                                                                        
  • FIBO optional levels of work:

    • 236 - level fibo sell - true/false the work level

    • 382 - level fibo sell - true/false the work level

    • 500 - level fibo sell - true/false the work level

    • 618 - level fibo sell - true/false the work level

    • 236 - level fibo buy - true/false the work level

    • 382 - level fibo buy - true/false the work level

    • 500 - level fibo buy - true/false the work level

    • 618 - level fibo buy - true/false the work level

  • Volume of first order - initial order volume;
  • Pending orders volume list – pending orders volume list;
  • Limit Lot Increase - maximum volume lots;
  • Basket Profit - the minimum profit of the entire basket;
  • Basket Loss - the maximum loss of the entire basket;
  • Start time server - start trading by time;
  • Stop time server - stop trading by time;
  • Monday –  enable/disable trading;
  • Tuesday – enable/disable trading;
  • Wednesday – enable/disable trading;
  • Thursday – enable/disable trading;
  • Friday – enable/disable trading; 
  • Parameters indicator:
    • Working price - price at close bar or tik by tik;
    • Depth Bars - bars for signal calculation;  
    • Depth Shift - moving in depth;
    • Deviation - maximum deviation.

    • Virtual Line - value of the virtual line;  

    • Draw - see or not see fibo indicator;

  • Magic number - EA's order magic number;
  • Slippage -  maximum slippage value;




























































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Limited stock at the current price! Final price: $1999 --> PROMO: From $299 --> The price will go up every 5 purchases, next price : $399 Golden Mirage is a robust gold trading robot designed for traders who value reliability, simplicity, and professional-grade performance. Powered by a proven combination of RSI, Moving Average,  ADX, and High/Low Level  indicators, Golden Mirage delivers high-quality signals and fully automated trading on the M5 timeframe for XAUUSD (GOLD) . It features a robu
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5 (1)
Experts
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MQL TOOLS SL
4.73 (44)
Experts
We proudly present our cutting-edge robot, the  Big Forex Players EA  designed to maximize your trading potential, minimize emotional trading, and make smarter decisions powered by cutting-edge technology. The whole system in this EA took us many months to build, and then we spent a lot of time testing it. This unique EA includes three distinct strategies that can be used independently or in together. The robot receives the positions of the  biggest Banks  (positions are sent from our database t
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Bogdan Ion Puscasu
4.85 (172)
Experts
Apresentando       Quantum Emperor EA   , o consultor especialista inovador em MQL5 que está transformando a maneira como você negocia o prestigiado par GBPUSD! Desenvolvido por uma equipe de traders experientes com experiência comercial de mais de 13 anos. IMPORTANT! After the purchase please send me a private message to receive the installation manual and the setup instructions. ***Compre Quantum Emperor EA e você poderá obter Quantum StarMan  de graça!*** Peça mais detalhes em particular Si
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4.75 (4)
Experts
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Sugianto
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Hello All, good news, the very famous Bitcoin Wizard version 1.6 is now available on the mql5 website which works very smoothly. Bitcoin Wizard – Automated Bitcoin Trading System Bitcoin Wizard is an advanced automated trading system designed specifically for Bitcoin trading . It identifies strong market momentum by analyzing high–low price levels within specific periods and executes pending orders to capture breakout opportunities. Built for traders who want a fully automated solution , Bitcoin
Range Breakout EA MT4
BM Trading GmbH
5 (2)
Experts
Unlike many other programs in the mql5 market this is a REAL day trading strategy. It does not use any martingale or grid functionalities and follows a logical concept. The Range Breakout Expert Advisor can be used to trade time ranges. The market often finds its direction in the morning hours and then follows this trend for the day. This expert advisor is designed to trade these trends after the morning breakout. Still you can trade all sorts of time breakouts with this program.  I use the stra
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Lachezar Krastev
4.48 (25)
Experts
ULTIMATE SALE! Get GOLD Scalper PRO with a huge –60% discount ! Special Ultimate Sale Price: $177 (Regular Price: $447 — You Save $270! Don't Miss!) 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 by the low price – GOLD Scalper Pro is a very effective and profitable trading strategy, professionally developed especially for tra
Exp4 AI Sniper for MT4
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2.33 (3)
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AI Sniper para MetaTrader 4 — robô de trading inteligente criado para precisão AI Sniper é um robô de trading inteligente e adaptável, desenvolvido especificamente para MetaTrader 4 . Ele não foi criado para ser apenas mais um bot de Forex, mas sim uma solução profissional para traders que buscam mais precisão, mais estrutura e mais qualidade na automação. AI Sniper para MT4 combina lógica algorítmica avançada, leitura de mercado em tempo real e uma execução cuidadosamente estruturada para ident
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