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Fibonacci Retracement

FIBONACCI RETRACEMENT - expert for trading according to the Fibonacci Retracement method. Fibonacci levels are built according to the standard ZIGZAG indicator. At the opening of a new bar, the adviser checks to see if a new minimum / maximum has appeared on the chart, and automatically rebuild the level grid when it occurs.

With proper setup, the FIBONACCI RETRACEMENT trading strategy is quite effective.

What are the benefits:

  1. up to 5 levels of FIBONAcci for opening deals;
  2. up to 2 take-profit levels with adjustable partial closing of transactions;
  3. transfer of transactions to breakeven;
  4. Filters by opening / closing time and holding time of deals.
  5. filter to end trading on Friday and start trading on Monday. * Transactions are NOT TRANSFERRED for the weekend;
  6. spread spread control.

There are 5 main parameters for setting FIBO levels:

  1. TIMEFRAME_FIBO - timeframe for building FIBO levels,
  2. DEPTH - the number of candles on which the ZIGZAG vertex will not be built if the DEVIATION condition has not been met.
  3. DEVIATION - deviation (the difference between the extremes of the candles, which is considered sufficient to build a new peak. It is expressed as a percentage.
  4. BACKSTEP - the minimum number of candles between two vertices.
  5. MIN_WAVE_LENGTH - minimum length of the last ZIGZAG wave.

The FIBONACCI RETRACEMENT Advisor contains a partial closing of the volume of open positions. Upon reaching the level TAKEPROFIT_FIBO_LEVEL_1, the EA will close part of the position and transfer the stop loss to the breakeven level. At the level of TAKEPROFIT_FIBO_LEVEL_2, the EA will close 100% of the volume. The percentage of closure and the number of pips at breakeven are adjusted.

Opening takes place at the levels ENTRY_FIBO_LEVEL_1, ... ENTRY_FIBO_LEVEL_5. If you do not want to use any level, then you need to set = "-1" in the parameter. Opening deals starts at level ENTRY_FIBO_LEVEL_1.

The chart displays FIBO levels and trade statistics.

Money Management:

  • RISK_PER_TRADE - calculation of a trading lot depending on the risk per trade. If = 0.0, then not used;
  • LOTS - starting lot for each N from the balance (parameter FROM_BALANCE);
  • FROM_BALANCE - N units of the base currency for calculating the lot;

The most volatile pairs are suitable for work: GBPUSD, USDCAD, EURUSD, USDJPY, USDCHF, AUDUSD, NZDUSD.

Other Parameters:

  • PAUSE_BETWEEN_OPENING - a pause between the opening of new transactions;
  • PAUSE_AFTER_CLOSING - pause after closing deals;
  • MINIMUM_HOLDING_TIME - minimum retention time of transactions;
  • STARTING_TIME_ON_MONDAY - time to start trading on Monday;
  • CLOSING_TIME_ON_FRIDAY - end of trading on Friday. All positions will be closed;
  • MAGIC_NUMBER - magic number of the transaction;
  • ORDERS_COMMENT - advisor comments in the order;


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Copies left at the price of $800 : 2 We have invested more than 200K Euro in our experience. Do you want to join us in our journey ? The Grand Trader is trading with our own REAL MONEY. We are not relying on back-testing! We are confident in our knowledge and experience in the Forex Market!  Live signal monitoring :  https://www.mql5.com/en/signals/831036 Please note that the Backtest has been performed on MT5 terminal due to its ability to test different time frames and different currency pa
800 USD
Forex Gump Bot
Andrey Kozak
The bot trades according to the scalping strategy. First, the signals of four indicators are determined, after which the bot expects a sharp price movement in the opposite direction. When the price sharply went in the opposite direction, the robot opens a deal at a short distance. The transaction is closed upon receipt of a minimum profit. Therefore, the robot does not hold long open transactions. All open trades are closed within one or more candles. Forex Gump Bot is a fully automated tradi
73 USD
AW Scalping Dynamics EA
Alexander Nechaev
Advanced trading on trend reversals. The EA does not use grids or martingale. But, if necessary, they can be used in the input settings. 3 types of notifications and position locking when the maximum basket load is reached. The default settings are recommended for EURUSD on the M15 timeframe. How the EA trades:   First of all, when trading, the current trend activity is taken into account (the "   Main Trend filter   " variable). The smaller it is, the higher the probability of a reversal and
395 USD
PipFinite Trend Grid EA
Karlo Wilson Vendiola
Smart Grid Trading Expert Advisor Based on the Direction of the Trend. This EA uses an innovative approach in grid trading equipped with customizable parameters. Optimized settings and results can be accessed on our Private Telegram Group. Private Telegram Group Access Send a proof of purchase to ► support@pipfinite.com / MQL5 Private Message Free settings on telegram channel ► https://t.me/pipfinite/508 Notes EA will only work on LIVE if you purchased the indicator: PipFinite Trend PRO M
98 USD
EA Technic
Fanur Galamov
EA Technic is a professional fully automated mid-term, low-risk expert. To select the optimal entry points, an adaptive price movement analysis module is used. The EA does not use indicators, grid, martingale, arbitrage. Each position includes a stop loss. All open transactions are accompanied by an advanced control algorithm, which is based on a two-stage trailing stop and a multi-step profit taking system. The EA includes protection against high spreads, separate time and day trading filters
149 USD
Steady MT4
Andrey Barinov
"Steady" is a 100% adaptive expert advisor based on price movement. It has a built-in unique Smart Recovery algorithm. Only one trade at a time. Every trade has Stop Loss and Take Profit from very beginning, and they do not change. This is for those, who are looking for steady and stable growth over the long run. Take advantage of the launch promo price.   Price will be increased up to $799 starting from November 1-st. "Steady" for MetaTrader5 is here:  https://www.mql5.com/en/market/product
499 USD
Simple Forex Robot
Svetlana Visnepolschi
Simple Forex Robot is intended primarily for beginner Forex traders. It is a fully automated trading robot with a minimum of settings. Most of the parameters are optimized, set in advance and hidden, the user only needs to launch this EA in the chart window of any of the supported currency pairs and it will trade on all supported instruments.  The robot is intended for use on currency pairs:  EURUSD, EURGBP, UERCHF.  Recommended timeframe is  M15 .  EA uses a method of predicting probabilities b
45 USD
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Versão 1.3 2020.06.12
added reverse deals
Versão 1.2 2020.03.24
- rewritten code
- added new features
Versão 1.1 2020.03.21
- fixed error in partial closing of orders