Forex Fibonacci Trader EA MT4 – Free Download

Fibonacci Trader EA Review

Russian programmers created the Fibonacci Trader EA, and its trading is based on the well-known Fibonacci levels. When a person passes through correctional level 38.2, the entrance is made. With hard SL and TP settings and only opening one trade, the robot may trade both with and without the martingale system.

Best Brokers List 

The Fibonacci Trader EA works  with any broker and any type of account, but we recommend our clients use one of the top forex brokers listed below:

BROKER NAME	REGISTER	Year Founded	Headquartered	Leverage	Minimum Deposit	Regulating
	Register	2007	🇦🇺 Australia 🇨🇾 Cyprus 🇧🇸 The Bahamas 🇸🇿 Seychelles	1:1000	$200	ASIC, SCB, FSA
	Register	2008	🇨🇾 Cyprus	1:Unlimited	$10	CySEC, FCA, FSCA, FSA, BVI
	Register	2009	🇧🇿 Belize	1:2000	$10	FSC
	Register	2009	🇧🇿 Belize	1:3000	$1	IFCS
	Register	2009	🇨🇾 Cyprus 🇦🇺 Australia 🇧🇿 Belize 🇦🇪 Emirates	1:1000	$5	ASIC, CySEC , IFSC
	Register	2010	🇦🇺 Australia	1:500	$200	FCA , ASIC, DFSA
	Register	2011	🇬🇧 England	1:500	$25	CySEC
	Register	2006	🇪🇭 Ireland	1:400	$100	CBI, CSEC, PFSA, ASIC, BVIFSC, FFAJ, SAFSCA,ADGM, ISA

 Strategy SETTINGS:

Translation of settings:

Fibonacci Trader EA settings
• Bars to build levels – how many bars to use to build Fibo
levels. 50 to 300 is enough. The lower the number here, the weaker
levels will be significant.
• Fibo Minimum Width is a very important option. If you put 100 here,
for example, only grids with a distance from level 0 to 100 will be taken into account
at least 100 points. This can filter out small trends and flat
movement. It is optimal here to use a value of 400 and above.
• Color levels
• Thickness of levels
• The color of the arrows (the arrows show the direction of the correction!)
Control settings
• Reverse signals – when this option is enabled, the signals will be reversed and BUY
will open where SELL opened and vice versa.
• Cross-closing – if you enable this option, orders will be closed when
return signal. If you turn off the martingale, then we will see a clean work
Expert Advisor on the built-in indicator (pure working out by signals).
Lot settings
• Start lot – start (fixed) lot of orders.
• Money management – the amount for the minimum lot is 0.01 (or 0.10 if any
restrictions). Formula: Lot = Balance / MM * Min. lot.
Closing orders. All stops and profits are virtual (invisible to the broker)
• Take profit in points.
• Take profit multiplier.
• Close by Close candles. A new option essentially replacing the trailing stop. She is
allows you to close a deal only after closing the bar on which
the required profit was formed taking into account the take profit.
• Stop loss in points.
• Stop loss multiplier (multipliers only apply to take profit and stop loss
loss in points).
• Take profit in % – from the total deposit. For example, a deposit of 2000 USD, with the value
here 20 = 200020% = 200 USD. With a plus of 200 USD, the adviser will close all transactions. • Stop loss in % – of the total deposit. For example, a deposit of 2000 USD, with the value here 20 = 200020% = 200 USD. With a minus of 200 USD, the Fibonacci Trader EA will close all trades.
Martingale settings
• Martingale strategy. There are 3 options to choose from – “Off” (martingale
disabled), “Multiply” (multiply the next lot), and “Plus” (plus
initial lot).
• Step of orders.
• Step multiplier.
• Lot multiplier.
• Enable hedging.
• Lot multiplier by trend.
Safety
• Stop trading. If you enable this option, the Fibonacci Trader EA will bring orders to
profit and will not continue trading until this option is disabled.
• Auto translation to 5 characters.
• Trading by bars – we recommend enabling it. This will save you from draining on sharp
jumps at news releases.
• Maximum lot.
• The maximum number of knees (when working with martingale).
• Maximum spread (for start orders only).
• Maximum slippage.
• Expert ID – identification number (Mqgic Number).
Opening hours for start orders. Martingale works at any time.
• Monday – on/off.
• Hour of start.
• Start minute.
• Stop hour.
• Stop minute.
• Tuesday – on/off.
• Hour of start.
• Start minute.
• Stop hour.
• Stop minute.
• Wednesday – on/off.
• Hour of start.
• Start minute.
• Stop hour.
• Stop minute.
• Thursday – on/off.
• Hour of start.
• Start minute.
• Stop hour.
• Stop minute.
• Friday – on/off.
• Hour of start.
• Start minute.
• Stop hour.
• Stop minute.
Graphics settings
• Graphics – on/off. Be sure to turn off the graphics when testing the robot in
strategy tester! This will greatly increase the speed of testing!
• Panel color (background).
• The color of the panel’s borders (border).
• Color information.
• Profit color.
• Loss color.
• New knee color – level color for placing new orders (if enabled
martingale). It should be borne in mind that if the level is broken when turned on
trading by bars, the order will open from a new bar.
• Color of buy orders.
• Color of sell orders.
• Comment to orders. If desired, the robot can be used on banar
options by setting the expiration time in the comment.

Fibonacci Trader EA Backtesting:

On the EURUSD currency pair chart, using the H1 period, a $1,000 deposit, and the default settings, we ran the first back test; the results are detailed below.

The next backtest was conducted using a $300 deposit and the H4 timeframe of the EURUSD currency pair. This time, however, we used our own settings, and the outcome was less aggressive than when we used the standard settings, resulting in a good profit and a minimal maximum drawdown on a small deposit, which is unquestionably advantageous.

Conclusion

I simply adore Fibonacci levels and always use them in manual trading. Whoever criticizes classical analysis, support and resistance levels, Fibonacci levels, trend lines, or any other similar classic tools, I am always prepared to debate with them. All of these are trading classics that have always worked and will continue to work; the only question is who and how to employ them.

But that's not the topic of the conversation right now; instead, we're talking about an adviser that, while I haven't tested it yet, I'll definitely use on my cent account to see how it performs. With the default settings, it doesn't give me much confidence because the martingale is so challenging, but it has an interesting approach in that, after initiating the first transaction, if the price moves against our position, the adviser starts to average out lock orders.

In general, all positions are trying to steer towards a total profit and close all orders, but one order, which is in the direction of the first one, has a greater volume, so anyway it's all confusing)))

But the adviser has a lot of settings, and they are all clear. We can easily optimize the adviser to make trading simpler and more profitable without using order grid averaging, martingales, or other techniques. For example, we can alter the size of the stop loss and take profit orders, ban trading during specific hours and days of the week, and, if we use martingales, we can adjust the number of order knees.

Fibonacci Trader EA Free Download

We highly recommend trying the  Fibonacci Trader EA  with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.

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