Fibonacci VCL

The Expert Advisor uses a trading strategy based on Fibonacci levels.

On the levels of ~38.2,~50.0 and ~61.8, it sets virtual pending orders (Buy Limit, Sell Limit).

A grid of virtual pending orders is built in trend direction. Trend is determined using the ZigZag indicator.

Orders are closed at a total virtual take profit or a total virtual stop loss.

The EA makes a decision at the opening of a new candlestick, so optimization can be performed using open prices.

Settings and Input Parameters

Risk:

• Risk - risk (<0.01 - low, >0.01 - high);

Levels to place pending orders:

• Level1 (0 - don't set) - ~38.2%, 0 - do not place a pending order
• Level2 (0 - don't set) - ~50.0%, 0 - do not place a pending order
• Level3 (0 - don't set) - ~61.8%, 0 - do not place a pending order
• Level3 (0 - don't set) - 0 - do not place a pending order
• Level for Stop-loss - total stop loss for all orders (~100.0%)
• Take Profit(points) - total take profit for all orders
• K_Lot lot multiplier

• Magic number of the expert - EA's magic number
• Trade mode - true - trading is enabled
• Don't trade! if the account has a different magic position - true
• Slippage - allowed slippage

Filters:

Determining the global trend using ZigZag:

• Timeframe for the global trend - timeframe for the indicator

Wave settings:

• Min Wavelength - minimum wave length (in points)