Fibonacci Time Zones - expert for MetaTrader 4

Fibonacci Time Zones – EA MetaTrader 4

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With “Fibonacci Time Zones” EA you can draw Fibonacci Time Zones on the chart and trade with price breakthrough,has 3 buttons for manual trading and allows to predetermine trailing stoploss & take profit, open and close all trades at once.

USEMOVETOBREAKEVEN  system functions like a stop loss

But a one-time function with a smaller value than the subsequent Stop Loss value to lock minimal profit and avoid loss if the price goes against you.

If you have reached a certain value of pips with the direction of the trade –

  • WHENTOMOVETOBE – When to move break even (values: 10-100).

So how many pips would you like to move the stop loss above the price line of the open trade-

  • PIPSTOMOVESL – How much pips to move stop loss (values: 10-100).

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).
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 1-100).
  • Stop Loss In Money(in current currency) (values: 1-100).
  • USESTOP – Enable automatic “STOP”  function (values: 0-1).
  • Lots – Lots size (values: 0.01-10).
  • MaximumRisk – maximum risk from total margin in %, (values: 0.01 – 0.3).
  • If “MaximumRisk =0” then “Lot=constant”
  • DecreaseFactor – decrease from total margin if you lose a trade.
  • Stop_Loss – Stop Loss (values: 10-100).
  • MagicNumber – Magic number (values: 1-100000).
  • TakeProfit – Take Profit (values: 10-100).
  • NumberOfTrades-Number Of Trades(values: 1-10).
  • 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:  PChannel - indicator MetaTrader 5
      Fibonacci Time Zones – expert for MetaTrader 4
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