FiboArc - expert for MetaTrader 4

FiboArc – EA MetaTrader 4

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“FiboArc” EA draws Fibonacci Arcs on chart and trades with price breakthrough,has Trailing Stop Loss &Take Profit works with all time frames major forex pairs and stocks NASDAQ.

Try it on demo first.

You choose how to trade: only with the price of open candle or every tick !

If you do not want to trade with increasing lot size when you lose  a trade set:”IncreaseFactor=0″

I combined together a simple EA with two moving averages and Fibonacci Arcs,

The Fibonacci Arcs do not work on test mode,

The optimization tests can be performed only with moving averages,

In live trading only, Fibonacci lines and moving averages will work together,

During tests, the EA  only draws the Fibonacci Arcs on the screen in  visual mode without considering them in the creation of trades,

The Fibonacci Arcs will function as a filter .

In this situation the probability of winning trades increases.

Inputs

  •  Use_TP_In_Money– Use Take Profit In Money (values:true/false).
  •  TP_In_Money– Take Profit In Money   (values: 10-100).
  • Use_TP_In_percent- Use Take Profit In Percent (values:true/false).
  • TP_In_Percent– Take Profit In Percent (values: 10-100).
  • ————[Money Trailing Stop For Multiple Trades]———————-
  • Enable_Trailing-Enable_Trailing with money  (values:true/false).
  • Take Profit In Money (in current currency) (values: 25-200).
  • Stop Loss In Money(in current currency) (values: 1-20).
  • ————————————————————————————
  • Fibonacci Arcs length (bars)(values: 10-100).
  • Fibonacci Arcs color.
  • Fibonacci Arcs ancor candle number (last bar is number 0)(values: 0-10).
  • tick=If “tick”=false-every tickIf “tick”=true -open prices  (values:true/false).
  • Exit=Close trades if the trend is against you and control draw dwon (values:true/false).
  • Lots – Lots size (values: 0.01-1).
  • Lots size Exponent  (values: 1.01-2).
  • IncreaseFactor -how much to increase lots from total margin if you lose a trade (values: 0.001-0.1).
  • Stop_Loss – Stop Loss (values: 30-500). /set value 600 for  Multiple Trades
  • MagicNumber – Magic number (values: 1-100000).
  • TakeProfit – Take Profit (values: 50-200). /set value 600 for  Multiple Trades
  • FastMA – Fast Moving Average (values: 1-20).
  • SlowMA – Slow Moving Average (values: 50-200).
  •  Mom_Sell-Momentum_Sell trigger(values: 0.1-5).
  •  Mom_Buy-Momentum_Buy trigger(values: 0.1-5).
  • ———————CONTROL DRAW DOWN—————————–
  • UseEquityStop –  (values: true).
  • TotalEquityRisk- (values: 0.01-20).
  • ——————————————————————————
  • Max_Trades(1-5). 
  • IF YOU USE ONLY 1 TRADE:
  • //////////////////////////////////////////////////
  • USETRAILINGSTOP-If use trailing stop (values:true/false).
  • WHENTOTRAIL-When to trail (values: 40-100).
  • TRAILAMOUNT-Trail amount (values: 40-100).
  • Distance From Candle -Distance From Candle (values: 1-100).
  • USECANDELTRAIL=If use candle  trailing stop (values:true/false).
  • X=2-number of candles (values: 1-100).
  • Enable “Break Even” -(values:true/false).
  • When move “Break Even”- (values: 5-30).
  • How much pips move- “Break Even” (values:5-30).
  • ////////////////////////////////////////////////////
Alternative:   SUPRES MultiFrame - indicator MetaTrader 4


  • use the exact same  inputs from above .

You can use it as  hedging grid EA or a single trade EA.


FiboArc

fiboarc

Links to more efficient versions in the Market:


    FiboArc – expert for MetaTrader 4
    📈 ROBOTFX MetaTrader Expert Advisors and Indicators to maximize profits and minimize the risks
    Alternative:   7_Macd - indicator MetaTrader 4

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