REGISTER PARTICIPANTS Expert Fibo Expert Mt4

#fiboexpert



The Expert Advisor is based on Fibonacci levels. In their turn, Fibo levels rest on ZigZag indicator. The trading is performed both on roll back from a Fibo level (Bounce off level) and on level breakthrough (Breaks the level).

• Bounce off level - when the price crosses the specified Fibo level, a Buy order is opened.
• Breaks the level - when the price crosses the specified Fibo level, a Sell order is opened.

The EA trades any currency pair, metals and stocks. All timeframes are supported.

Parameters

• Lots - fixed trading lot;
• StopLoss - stop loss level in points;
• TakeProfit - take profit level in points;
• Action - the action to be performed when the levels are touched. Bounce off level = roll back, Breaks the level = breakthrough;
• MagicNum - trade magic number;
• TextColor - displayed data color;
• MinWavelength - minimum wave length for opening trades;
• MaxWavelength - maximum wave length for opening trades;
• FiboOpenDeal - Fibo level for opening trades;
• Backstep - the minimum number of candles between connected points (ZigZag);
• Deviation - the minimum distance between the local extrema, in percentage % (ZigZag);
• Depth - the shortest distance (in candles) the new maximum or minimum is drawn at;
• BreakevenDeals - if true, trades are moved to breakeven;
• BreakevenStart - the minimum number of points passed by the price to move a position to breakeven;
• BreakevenStep - minimum profit in points to move to breakeven;
• Trailing - point based trailing if set to true;
• TrailingStart - the minimum number of points passed from the order open price for the trailing;
• TrailingStop - the number of points to start trailing stop;
• TrailingStep - trailing stop step;
• TrailingHiLow - trailing based on the Hi - Low of the previous bars if set to true;
• TimeFrame - the timeframe to search for the extrema of the previous bars;
• BarCount - the number of past bars to search for extrema;
• IndentHiLow - shift of Hi - Low from the highest/lowest value.