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REGISTER PARTICIPANTS Expert Fibo Expert Mt4

Discussion in 'Forex Market MQL5' started by James Goldman, Sep 10, 2020.

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  1. James Goldman

    James Goldman Moderator
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    #fiboexpert

    fibo-expert-logo-200x200-5123.png

    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.

    fibo-expert-screen-4283.jpg fibo-expert-screen-8085.jpg

     

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