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Fibonacci Of Yesterday

The Fibonacci Of Yesterday Expert Advisor is specially designed to automate the most popular Fibonacci strategy that's based on the previous day's high and low. Basically, it places an order between the 50% and 38.2% levels. However, you can adjust everything for your own style. Most important Fibonacci levels are included and you can enable/disable each Fibonacci level.


Strategy

  • Wait until all major news are posted
  • Identify the trend, up or down
  • If market is up draw Fibonacci levels from swing high to a swing low or if market is down from swing low to swing high
  • Place a order between the 50% and 38.2% levels with a stop loss at the 23.6% retrace level


Features

  • Modern trailing system
  • Proper risk management system
  • Fast activity
  • Notification alerts
  • User friendly settings


Parameters

  • Trading Parameters
    • Lots - lot size
    • Lot Management - enable/disable lot management system
    • Maximum Risk - maximum risk from total margin in %
    • Decrease Factor - number of consecutive losing trades for decreasing the lot size
    • Trailing Stop - number of pips in profit to activate the trailing stop (pips)
    • Trailing Step - stop loss move by [x] pips
    • Stop Loss - stop loss (pips)
    • Take Profit - take profit (pips)
    • Allow Buy Orders - enable/disable buy orders
    • Allow Sell Orders - enable/disable sell orders
    • Magic Number - number for each symbol window and trade type you run the EA on simultaneously
  • Fibonacci Parameters
      • Fibo Level Filters
        • Level 0.0%-200.0% - Activate/ Deactivate each Fibonacci level
      • Fibo Other
        • Additional Level Touch Mode - open trades when touched before several pipes from a Fibonacci level
        • Distance For Additional Level - distance for additional level by pips
    • Graphic Parameters
      • Line style - Fibonacci line style
      • Line Width - Fibonacci line width
      • Line Color - Fibonacci line color


    Note: Recommended time-frames are 30 Minutes & 1 Hour. Default settings are not optimized for maximum win rate



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