The EA is based on Fibonacci levels with the trend filter of the indicator. The EA opens buy or sell orders that are independent of each other.
The recommended time frame is 5 minutes. Settings as in the description below.
Magic B = 1; // Magic number of buy orders
Magic S = 2 // Magic number of sell orders
Lot = 0.01 // Initial lot
Save = 60 // the level of safety of the Deposit (the higher the number, the higher the protection). The formula is (Lot R / Save) +Lot*Mult. Lot R – number of lots of all open trades
Mult = 3 // lot Multiplication after recalculation by the formula (Lot R / Save)+Lot
Profit = 50 // Profit in the Deposit currency (for buy and sell orders, profit is calculated separately)
Loss = 99999 // Stop-loss in the Deposit currency (for buy and sell orders, Stop-loss is calculated separately)
Time Frame indicator = H4 // Time Frame of indicator
N Bars = 100 // the number of bars on which Fibonacci levels are calculated
NOTE:
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DISCLAIMER: Please read carefully before you decide to invest in Forex Market
- Forex Trading is dangerous and can result in a substantial loss of money. Due to the uncertain nature of the Forex market, there is no guarantee that our products will produce any favorable results. Before you purchase, please read our RISK DISCLAIMER.
BEAR THIS IN MIND: The Forex market changes from day to day, and that past performance can therefore not be guaranteed to repeat in the future. Past performance shown and in videos may use aggressive trading approaches and risk management to prove the potential of the Forex robot over long periods. Because of this, we recommend that you test the EA on your own broker account using many variations of currencies, time frames, and settings to make sure you experience favorable results in current market conditions before trading live accounts. - Forex Trading EA/Robot is just a piece of Programming to Sophisticate your trading but never guarantee your winning.
- Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. No representation is being made that any account will or is likely to achieve profits or losses similar to those that may be shown.
- Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown.
- Before deciding to trade products, you should carefully consider your objectives, financial situation, needs, and level of experience. The possibility exists that you could sustain a loss of some or all your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose.