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Fibo4[1].1.mq4 - Powerful Forex Expert Advisor for Consistent Profits
Discover the Fibo4[1].1.mq4 expert advisor, a robust Forex robot designed for optimal trading performance. This EA utilizes advanced algorithms to analyze market trends, making it a reliable tool for traders seeking consistent profits. Tested on brokers like LQDFX and FXOpen, it seamlessly adapts to various platforms. Elevate your trading with this versatile Forex EA today!
fibo4[1].1.mq4 4.1 kb, 34 downloads since 2015-04-30
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Meet Fibo Your New Trading Buddy!
Fibo uses a combination of technical indicators like Moving Averages and RSI, along with Fibonacci levels, to spot potential entry points.
How this EA Works:
Fibo keeps an eye on the market trends and waits for the perfect moment to strike. When it sees a golden opportunity (based on your chosen settings), it'll either place a buy or sell order. You can adjust parameters like lot size, stop loss, take profit, and trailing stop to tailor Fibo to your risk tolerance and trading style.
Setting Up Fibo:
Download the "Fibo4(1).1.mq4" file.
Open your MetaTrader 4 platform.
Click on "File" > "Open Data Folder."
Locate the "MQL4" folder and open the "Experts" folder.
Copy the ".mq4" file into the "Experts" folder.
Restart MetaTrader 4.
Adjustable Parameters:
Lots: Determine your trade size for each trade.
MaximumRisk: Set the maximum percentage of your account balance at risk per trade.
StopLoss: Define the level at which the EA will automatically close a trade to limit potential losses (measured in pips).
TakeProfit: Specify the price level at which the EA will automatically close a trade to secure profits (measured in pips).
TrailingStop: Enable a trailing stop feature to lock in gains as the trade becomes more profitable (set to 0 for no trailing stop).
StartHour: Set the time when the EA should begin looking for trading opportunities during the day.
EndHour: Set the time when the EA should stop searching for trading opportunities during the day.
Range: Define a specific price range that the EA considers for trading.
fib: Specify the Fibonacci level used by the EA to identify potential entry points (expressed as a percentage of the price range).
Winning Strategy Settings:
For EUR/USD:
Currency Pair: EUR/USD
Timeframe: M30
Minimal Balance: $1,000
Lots: 0.1
MaximumRisk: 0.1
StopLoss: 30 pips
TakeProfit: 100 pips
TrailingStop: 0
StartHour: 9 (9 AM)
EndHour: 18 (6 PM)
Range: 45
fib: 50
For GBP/JPY:
Currency Pair: GBP/JPY
Timeframe: M30
Minimal Balance: $2,000
Lots: 0.2
MaximumRisk: 0.2
StopLoss: 40 pips
TakeProfit: 120 pips
TrailingStop: 10
StartHour: 9 (9 AM)
EndHour: 18 (6 PM)
Range: 45
fib: 50
These settings are optimized for trading the specified currency pairs on the M30 timeframe with the given minimal balance.
Pro Tip: When EUR/USD and GBP/JPY are active between 9 AM and 6 PM, with an RSI above 60 for buy and below 40 for sell, you're likely to score big with Fibo!
fibo4[1].1.mq4 4.1 kb, 1 downloads since 2023-11-17
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