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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Reviewer
Michael Sommer
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Fibonacci EA
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