Fibonacci EA
Table of Contents
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.
