Fibonacci lines – EA MetaTrader 4

“Fibo” EA draws Fibonacci lines on chart and trades with price breakthrough,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

Try it on demo first.

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

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

I combined together a simple EA with two moving averages and Fibonacci lines,

The Fibonacci lines do not work on test mode,

The optimization tests can be performed only with moving averages,

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

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

You need to perform back test with “open prices only” option,

The Fibonacci lines will function as a filter .

In this situation the probability of winning trades increases.

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).
• tick=If “tick”=false-every tickIf “tick”=true -open prices  (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). 
• 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).
• 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).
• ////////////////////////////////////////////////////////////////////////////