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Fibonacci EA

Fibonacci EA is based on modified Fibonacci strategy. It works on all timeframes. The Forex Expert Advisor uses data from two days ago to open position (for example: if you attach it on H1 chart, the Expert Advisor uses 48 candles to make a decision).

Fibonacci EA does not depend on a timeframe. This EA uses Fibonacci Retracement tools only. This is a great Expert Adviser for big and small capitals. You have smart take profits and smart stop losses (Auto TP & SL). You can see SL and TP levels on your chart.

Anti-loss option placed on the EA has two variants: Anti-loss 1 and Anti-loss 2
For example, Anti-loss 2 is good for EURUSD. If your position is closed in loss, Anti-loss 2 will start (no hedging).

Fibonacci EA – Input Parameters

————< Strategy 1 >————

Use Strategy 1: False/True —> this is a main strategy
Auto Take Profit: True —> if set to false, you can change TP or SL manually to optimize the EA
Auto Stop Loss: True
Take Profit: 30 —> manually for Auto Take Profit: False
Stop Loss: 30 —> manually for Auto Stop Loss: False
Anti-loss 1: False —> if set to true, a position is opened in parallel with the loss trade (TP and SL levels in Anti-Loss: ½ stoploss of the loss trade = new sl and tp in anti-loss); for example: we have some loss trade with 30 pips (-30 pips). Anti-loss will be started with 15 pips of SL and TP
Anti-loss 2: True —> a position is opened vice versa with the loss trade (TP and SL levels in Anti-Loss: ½ stoploss of the loss trade = new SL and TP in Anti-Loss); for example: we have some loss trade with 30 pips (-30 pips). Anti-loss will be started with 15 pips of SL and TP
AL Auto Take Profit: True —> if set to false, you can change TP manually for Anti-loss
AL Auto Stop Loss: True —> if set to false, you can change SL manually for Anti-loss
AL Take Profit: 30 —> manually for Auto Take Profit: False (AL Auto Take Profit: False)
AL Stop Loss: 30 —> manually for Auto Stop Los: False (AL Auto Stop Loss: False)

————< Strategy 2 >————

Use Strategy 2: False/True —> this is a breaking strategy. This strategy is very helpful for your trades
Buy Max Order a Day: 1 —> maximum buy order for every day
Sell Max Order a Day: 1 —> maximum sell order for every day
Take Profit: 50
Stop Loss: 50

————< Strategy 3 >————

Use Strategy 3: False/True —> this is a double sided breaking strategy. This strategy is appropriate for fixed trend days
Buy Max Order a Day: 1 —> maximum buy order for every day
Sell Max Order a Day: 1 —> maximum sell order for every day
Auto Take Profit: False/True —> if set to false, you can change TP or SL manually
Auto Stop Loss: False/True —> if set to false, you can change TP or SL manually
Take Profit: 30
Stop Loss: 30

Money Management Setting
Fixed Lot —> if (Risk% Lot) set to false, you can change lot manually
Min Lot
Max Lot
Risk% Lot: True/False
Risk%: 0.05

Trade Time Filter
GMT Time: True/False
GMT Set: —
Start Time: 00:00
End Time: 23:59

Trading in all week: you can control trades on weekdays

Fibonacci EA – Advantages

No difference between backtests, demo tests and real testing (long-term trade)

Fibonacci EA works on EURUSD, GBPUSD, USDCHF, EURJPY, USDCAD, AUDUSD and GOLD.

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Summary

Reviewer

Michael Sommer

Review Date

2015-06-15

Reviewed Item

Fibonacci EA

Author Rating

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