Fibonacci - expert for MetaTrader 4

Fibonacci – EA MetaTrader 4

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“Fibonacci” EA Trades when there is a retracement from “FIBONACCI”  levels.

This EA can trade with  all time frames major forex pairs and stocks NASDAQ.

Try it on demo first.

This EA trades only with the price of open candle!

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

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).
    • ————————————————————————————–
    • Exit= Close trades if the trend is against you and control draw dwon (values:true/false).
    • Lots – Lots size (values: 0.01-1).
    • 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: 30-500).  /set value 600 for  Multiple Trades
    • MagicNumber – Magic number (values: 1-100000).
    • TakeProfit – Take Profit (values: 50-200).  /set value 600 for  Multiple Trades
    • FastMA – Fast Moving Average (values: 1-20).
    • SlowMA – Slow Moving Average (values: 50-200).
    •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
    •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
    • ———————CONTROL DRAW DOWN—————————–
    • UseEquityStop –  (values:true/false).
    • TotalEquityRisk- (values: 0.01-30).
    • ——————————————————————————-
    • Max_Trades(1-12). 
    • —————-IF YOU USE ONLY 1 TRADE:———————–
    • //////////////////////////////////////////////////
    • TrailingStop-set a value from 40 to 100 to activate trailing stop loss & take profit, “0” will not activate trailing stop loss.
    • Enable “Break Even” -(values:true/false).
    • When move “Break Even”- (values: 5-30).
    • How much pips move- “Break Even” (values:5-30).
    • ///////////////////////////////////////////////////////
Alternative:  pivots calculation based on pine script v4 - indicator MetaTrader 4

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


  • How to perform back test:

fib

    Fibonacci – expert for MetaTrader 4
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