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FiboStop – expert for MetaTrader 4

by AnnieBarnum
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votes: 4

fibostop.mq4
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Description:

Expert Advisor that strikes Stop Loss in accordance with Fibonacci retracements or expansions.

This EA won’t make any commerce for you, it’ll solely transfer the stoploss degree of your commerce in accordance with fibo ranges of an enlargement or retracement that you simply place on the chart.

To use it you simply need to create an enlargement or retracement and identify it “FiboStop”. The Stop Loss shall be moved a bit of under or above 2 ranges from the place the worth is.

For instance, if the worth is above the 0.786 degree, the stoploss will go slightly below the 0.5 degree.

Source URL:https://www.mql5.com/en/code/12059

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