Fibonacci Wizard

The Fibonacci Wizard looks for divergences indicating potential reversals.  When a divergence is detected, the EA will open 1 trade with a profit target based on user selected Fibonacci Retracement level.  If another divergence is detected prior to reaching the profit target, the EA will open another trade of the same size and recalculate the profit target.  This will be attempted until a profit target is reached or the EA reaches the user defined maximum number of open trades.    The user must also specify a default profit target in dollars or pips.  The default profit target must be met in addition to the Fibonacci based level, this prevents the EA from calculating targets with negative profit in turbulent market conditions.  It is recommended to keep the default profit target low if using a Fibonacci based target.  However, if desired the user may turn the Fibonacci based target off and let the EA trade solely on the default profit target.

Inputs

Magic Number - unique number that the EA uses to identify its trades

Max Trades - the maximum number of trades the EA is allowed to take on any given currency pair

Trade Lots - the size of each trade

Stop Loss in Dollars - Stop loss is based on the sum of all profits for the given currency pair.  So for example, if Stop Loss is entered as "50" and there are 5 trades open on EURUSD and the profit on all 5 adds up to a total $50 loss, then all 5 trades will be closed.  Stop Loss should be entered as a positive value.

Fibonacci Based Target - if true, the EA will calculate a profit target based on the desired Fibonacci Retracement level, this is the intended mode of operation for this EA.  For a trade to close, the price must exceed the value of the specified Fib Level AND be greater than the default profit target in dollars.  If Fibonacci Based Target is set to false, the EA will only look for the default profit target and will not draw Fibonacci levels on the chart.

Fibonacci Level- is the desired target for closing the trade.  It should be entered in decimal form (e.g. 0.5 for 50%).  It is not limited to key Fib levels, any number may be entered.  If "Fibonacci Based Target" is false, this value will be ignored.

Use Pips for Profit Target - if set to true, the default profit target in pips will be used instead of dollars

Default Trade Profit in Dollars - used if Use Pips for Profit Target is set to false

Default Trade Profit in Pips - used if Use Pips for Profit Target is set to true

Speed- this input is only relevant when using the backtester in visual mode.  It allows the user to specify the speed at which the chart will go, the lower the number, the faster the chart goes. 1 is fastest, 100000 is slowest.

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Aussie Loonie EA is a professional trading system developed exclusively for the   AUDCAD   currency pair. This cross pair is widely recognized for its stable and technical behavior, which makes it particularly attractive for traders who prefer structured and predictable market conditions rather than extreme volatility and sudden price spikes. By focusing solely on AUDCAD, the system is able to   adapt precisely   to the specific characteristics, rhythm and movement patterns of this pair. The EA
Infinity Trader EA
Lachezar Krastev
5 (18)
ULTIMATE SALE! Get Infinity Trader EA with a huge –60% discount ! Special Ultimate Price: $217 (Regular Price: $547 — You Save $330! Don't Miss!) Infinity Trader EA Live Results:  https://www.mql5.com/en/signals/2290275 Infinity Trader EA seamlessly integrates the strengths of Chat GPT and Gemini AI, providing unparalleled market insights and in-depth fundamental analysis. It actively adapts to ever-changing market conditions, identifying statistically significant price patterns with remarkab
Trust EA MT4
Konstantin Kulikov
5 (1)
Trust EA   is a real trader's tool, working on a clear principle, with its advantages and disadvantages, so it will not suit everyone, but for some users it can become the best trading robot. * Limited special offer - 50% off the full price of the product. Only 5 copies at this price. The final price is 997$ * Discuss the complexities of Forex trading here:  chat "Age of Expert Advisors" . Logic I have been working with algorithmic trading systems since 2015, and in my experience, systems with
AI Forex Robot MT4
MQL TOOLS SL
4.29 (17)
AI   Forex Robot - The Future of Automated Trading. AI Forex Robot is powered by a next-generation   Artificial Intelligence   system based on a hybrid LSTM Transformer neural network, specifically designed for analyzing XAUUSD, EURUSD   and BTCUSD price movements on the Forex market. The system analyzes complex market structures, adapts its strategy in   real time   and makes data-driven decisions with a high level of precision. AI Forex Robot is a modern, fully automated system powered by   ar
Big Forex Players MT4
MQL TOOLS SL
4.73 (44)
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
Tom Scalper MT4
Xuan Bach Nguyen
Tom Scalper - The Trendline Breakout Expert Advisor Overview: Tom is an Expert Advisor designed for Gold (XAUUSD) trading. It uses a single trendline to determine the trend and incorporates pattern recognition to identify breakout conditions. Built for traders seeking a structured approach, Tom follows predefined criteria to execute trades based on market movements. Join My MQL5 Channel for the Latest Updates! Live Signal :   https://www.mql5.com/en/signals/2361938 Pricing Launch Price : $199
Dark Gold
Marco Solito
4.7 (92)
Dark Gold  is a fully automatic Expert Advisor for  Scalping   Trading on Gold , Bitcoin , Eurusd and Gbpusd. This Expert Advisor needs attention, in fact presents highly customizable. Dark Gold is based on   Dark Support Resistance indicator   (owning it is not necessary) , these Trades can be manage with some strategies. If you   Buy this Expert   Advisor you can   write a feedback   at market and   get Dark Support Resistance indicator for Free , for More info contact me The basic strategy st
Dark Algo
Marco Solito
4.66 (67)
Last copy at 399$ -> 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
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