Fibo

Fibo Retracement Trader – EA MetaTrader 5

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Expert Advisor uses simple parameters
This simple Expert Advisor was created to illustrate the capabilities of trading the Fibonacci levels. The EA uses the standard ZigZag indicator (from the standard MetaTrader delivery) as the basis for placing the grid. The EA determines the trend direction based on the two latest Highs and two Lows (presence of a higher High and … Read more

Fibo ZigZag – indicator MetaTrader 5

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USDJPY
The Fibo ZigaZag indicator allows to calculate the probable support and resistance levels using the Fibonacci ratios. The Indicator Algorithm The indicator locates the subsequent Highs and Lows, finds the distance between them and lays off the percentages of this distance (23,6%, 38,2%, 50%, 61,8%) from peaks and bottoms. The calculation is performed when the … Read more

Fibo iSAR – EA MetaTrader 5

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Fibo iSAR Buy
Author of the idea — Yuri, mq5 code author — barabashkakvn. The EA compares the current price location with the readings of the two indicators (SAR(“Step Fast_SAR“,”Maximum Fast_SAR“) and SAR(“Step Slow_SAR“,”Maximum Slow_SAR“)).  Buy signal: Sell signal: Pending order prices are calculated by Fibo levels “Fibo Entrance Level” and “Fibo Profit Level” in the ScalpParabolicPattern() code block. Fibo iSAR … Read more