Fibonacci Expert

Advisor on Fibonacci levels. It uses a virtual trailing stop for the transaction. Fibonacci levels are based on the indicator ZigZag. Trade is conducted pending orders, trade type is configured in the expert parameters. With increasing wave Fibonacci pending orders are modified according to the new price. Trade is conducted both on the rebound from the Fibo level (Rebound level), and the breakdown level (Breakout level). Orders are placed above and below the level of the price, depending on the configuration advisor. If you change the trend line unused orders Fibonacci removed.

In Example 100 levels from 0 to trade will have the following form:

1. Rebound level - If the price is below the level specified in FiboLevel advisor parameters, then this level of pending order is placed SellLimit, if the price is above the level of the FiboLevel placed pending order SELLSTOP.


2. Breakout level - If the price is below the level specified in FiboLevel advisor parameters, then this level of pending order is placed BUYSTOP, if the price is above the level of the FiboLevel placed pending order BUYLIMIT.

Able to work on any currency pair. Supports all timeframes. Transactions are made on the market (Market Execution) - take-profit and stop-loss is set after the order execution, are modified according to the established in the EA settings.

• Action - type of trading. Rebound level = level of rebound, Breakout level = level of the sample;


• OrdersType - order type. Stop and Limit = use all the Stop and Limit, Only Stop orders = Stop orders only, Only Limit orders = Limit orders only;


• MM - enable / disable the calculation of the trading lot of risk on the transaction;


• EquityRisk - the percentage of risk on the transaction to calculate the trading lot;


• ManualLots - trading lot;


• TakeProfit - Take Profit;


• StopLoss - stop-loss;


• Magic - the magic number;


• Com - comment on the transaction;


• FiboLevel - Fibonacci level for opening transactions;


• Backstep - the least amount of spark between the connecting points (ZigZag);


• Deviation - the minimum distance between local extrema, expressed as a percentage% (ZigZag);


• Depth - the shortest distance (expressed in candlestick bars), which will be drawn new high or low;


• TrailingStop - the number of points to start trailing stop;


• TrailingStep - move the trailing stop;


• ShowInfo - show / hide information on trade;


• Languages - language output of trade information;


• TextColor - color of the text output information.