FiboGrid is a script setting an order grid (from 1 up to 31 orders) using modified Fibo levels. The product calculates the lots using the risk level, defines trading direction by stop loss location, analyzes the necessary margin and informs a user in case it may turn out insufficient for the entire position.
The script can calculate the lots in two ways:
- Equal lot - all "grid" orders are equal. Losses per each separate order are different. The total risk is equal to the one specified in the settings.
- Equal risk - all orders have different lots, but losses per each separate order are equal. The total risk is equal to the one specified in the settings.
When setting the grid, the script specifies lot size, risk in deposit currency and the margin left free for opening other trades.