Fibochannel line - expert for MetaTrader 4

Fibochannel line – EA MetaTrader 4

by

“Fibochannel line” EA draws Fibonacci channel lines on chart and trades its trend,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

    You choose how to trade: only with the price of open candle or every tick !

    Try it on demo first.

    If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″ombined together a simple EA with two moving averages and Fibonacci channel lines,

    The Fibonacci channel lines do not work on test mode,

    The optimization tests can be performed only with moving averages,

    In live trading only, Fibonacci channel lines and moving averages will work together,

    During tests, the EA  only draws the Fibonacci channel lines on the screen in  visual mode without considering them in the creation of trades,

    The Fibonacci channel lines will function as a filter .

    In this situation the probability of winning trades increases.

    You can use it as  hedging grid EA or a single trade EA.

    You need to optimize this EA once  a week and use the exact same  inputs from above .

      How to perform back test:https://bit.ly/2CD7XWD

      Inputs

      •  Use_TP_In_Money– Use Take Profit In Money (values:true/false).
      •  TP_In_Money– Take Profit In Money   (values: 10-100).
      • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
      • TP_In_Percent– Take Profit In Percent (values: 10-100).
      • ————[Money Trailing Stop For Multiple Trades]———————-
      • Enable_Trailing-Enable_Trailing with money  (values:true/false).
      • Take Profit In Money (in current currency) (values: 25-300).
      • Stop Loss In Money(in current currency) (values: 1-20).
      • ————————————————————————————
      • Fibochannel line length (bars)(values: 10-100).
      • Fibochannel line color.
      • ————————————————————————————
      • tick=If “tick”=false-every tickIf “tick”=true -open prices  (values:true/false).
      • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
      • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
      • Lots – Lots size (values: 0.01-10).
      • Lots size Exponent  (values: 1.01-2).
      • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
      • Stop_Loss – Stop Loss (values: 10-100).  /set value 600 for  Multiple Trades
      • MagicNumber – Magic number (values: 1-100000).
      • TakeProfit – Take Profit (values: 10-100).  /set value 600 for  Multiple Trades
      • FastMA – Fast Moving Average (values: 1-20).
      • SlowMA – Slow Moving Average (values: 50-200).
      •  Mom_Sell-Momentum_Sell trtrigger(values: 0.1-5).
      •  Mom_Buy-Momentum_Buy trtrigger(values: 0.1-5).
      • ———————CONTROL DRAW DOWN—————————–
      • UseEquityStop –  (values: true).
      • TotalEquityRisk- (values: 0.01-20).
      • ——————————————————————————-
      • Max_Trades(1-12). 
      • FractalNum= Number Of High And Low(values: 1-10).
      • IF YOU USE ONLY 1 TRADE:
      • //////////////////////////////////////////////////
      • USETRAILINGSTOP-If use trailing stop (values:true/false).
      • WHENTOTRAIL-When to trail (values: 40-100).
      • TRAILAMOUNT-Trail amount (values: 40-100).
      • Distance From Candle -Distance From Candle (values: 1-100).
      • UseEquityStop –  (values: true).
      • TotalEquityRisk- (values: 0.01-5).
      • USEMOVETOBREAKEVEN-Enable ” break even ” (values: true/false).
      • WHENTOMOVETOBE-When to move break even (values: 1-30).
      • PIPSTOMOVESL=30-How much pips to move stop loss  (values: 1-30).
      • ///////////////////////////////////////////////////////////
      Alternative:  Adaptive to TF SMA - indicator MetaTrader 5

          Fibochannel line – expert for MetaTrader 4
          📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks
          Alternative:  METRO_Stochastic_Sign - indicator MetaTrader 5

          Similar MetaTrader Trading Tools: