Fibonacci Metatrader 4 Forex Robot

The Fibonacci Metatrader 4 Forex Robot is an algorithmic trading software that enter trades when there is a price retracement from Fibonacci levels.

The Fibonacci expert advisor is based on a popular Fibonacci strategy and uses the basic Fibonacci levels: 23.6%, 38.2%, 50.0%, 61.8% and 100.0%.

Fibonacci levels are usually used to spot levels of price resistance and support on currency charts.

This robot takes it a step further by turning them into autopilot entry and exit points via the use of an algorithmic model.

In a nutshell, this EA is simple to implement and holds a few settings which are easy to grasp.

Free Download

Download the “FIBONACCI V1.mq4” MT4 robot

Strategy Tester Report

Find below the Fibonacci forex robot strategy tester report for the EUR/USD forex pair on the daily chart.

Overall Performance

The EA made a total profit of $10026.37 from a total of 209 trades. The largest winning trade generated $561.48 in profits, while the largest losing trade generated a loss of-$439.66.

Statistics:

Bars in test: 2048 ticks modelled

Initial deposit: $10000.00

Total net profit: $10026.37

Total trades: 209

Largest profit trade: $561.48

Largest loss trade: -$439.66

Consecutive wins: 4

Consecutive losses: 1

Download

Download the “FIBONACCI V1.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: Enable “no loss,” When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Distance, Momentum_Sell, Momentum_Buy

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Fibonacci

Installation

Copy and paste the FIBONACCI V1.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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