- December 7, 2024
- Posted by: Forex Wiki Team
- Category: Free Forex EA
FibroMarti Bot A Cutting-Edge Forex Trading Tool
The forex market thrives on innovation, with automated trading solutions transforming the way traders approach financial markets. FibroMarti Bot MT4 NoDLL is a unique forex trading expert advisor (EA) designed for MetaTrader 4 . By eliminating the need for DLL dependencies, it offers simplicity and reliability while executing sophisticated trading strategies. In this review, we delve into the tool's features, advantages, disadvantages, and its overall value for forex traders.
Technical Specifications
Version: 1.1
Year of issue: 2024
Working pairs: AUDCAD,NZDCAD,AUDNZD,GBPCHF, USDCAD,EURUSD,GBPUSD,
Recommended timeframe: M5
Minimum Deposit: $300
Average of account: 1:30 to 1:1000
Best Brokers List
FibroMarti Bot works with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:
Key Features of FibroMarti Bot MT4 NoDLL
Multi-Currency Trading
The EA supports seven major forex pairs: AUDCAD, NZDCAD, AUDNZD, GBPCHF, USDCAD, EURUSD, and GBPUSD. For optimal results, the bot is highly effective with a recommended minimum deposit of $1,000 for the best pairs and $5,000 for all pairs.
Timeframe and Strategy
- Timeframe: M15, ideal for shorter-term trades.
- Strategy: Pullback strategy following sharp directional movements, aimed at capitalizing on market reversals.
24/5 Automation
The bot runs continuously on a 24-hour cycle during market days, ensuring no opportunities are missed.
Built-in Settings
Settings are pre-optimized and locked, simplifying usage for beginners and ensuring consistent performance.
Proven Backtest Performance
FibroMarti Bot has undergone rigorous backtesting from 1993 to 2017, showcasing a 90% accuracy rate with no margin calls (MC) during this period. This long-term reliability is rarely matched by other EAs.
Low Profit Potential with Stability
While the profit potential is modest at 2% per month, it is consistent, making it appealing for traders seeking steady income rather than high-risk returns.
Advantages of FibroMarti Bot
- Reliable Backtesting
The extensive backtest (24 years) indicates robust performance under diverse market conditions, lending credibility to the EA's effectiveness. - User-Friendly Setup
Locked settings mean users don’t need to spend time on configuration, enabling a plug-and-play experience. - Low Capital Requirement
The minimum deposit requirement for the best-performing pairs is $1,000, making it accessible to small-scale traders. - Non-Expiring License
The bot is available without expiration, providing lifetime value to users. - Consistent Profitability
A stable profit of 2% per month offers a predictable revenue stream for conservative traders. - Round-the-Clock Trading
Its ability to run continuously ensures uninterrupted trading, maximizing the potential for gains.
Disadvantages of FibroMarti Bot
- Broker Data Dependency
The EA's backtesting relies on MetaQuotes data, which might differ from actual broker data, potentially affecting performance. - Limited Customization
Pre-locked settings restrict users who prefer tweaking parameters to suit specific trading conditions. - Long Floating Trades
With a pip step of approximately 30 pips, the EA may experience extended periods of drawdown if a trade goes against its prediction. - Low Return for Risk-Takers
A monthly profit of 2% might not appeal to aggressive traders looking for higher returns. - Stringent Usage Conditions
The EA mandates specific requirements, such as placement on a VPS, a separate trading account, and uninterrupted operation, which can be restrictive.
Conclusion
FibroMarti Bot MT4 presents a blend of reliability, user-friendliness, and consistency, making it an attractive choice for beginner and conservative forex traders. However, its rigid usage requirements, limited customization, and modest returns may not satisfy high-risk traders or those seeking greater control. Ultimately, while it is not a one-size-fits-all solution, FibroMarti Bot stands out as a dependable tool in automated forex trading.
Is it the right tool for your trading strategy? That depends on your goals, risk tolerance, and trading style.
Download FibroMarti Bot
Please try for at least a week an ICMarket demo account. Also, familiarize yourself with and understand how this free forex Tool works before using it on a live account.