FiboTrader is a trading panel that builds the most up-to-date Fibonacci grids on H1, H4, D1, W1 timeframes and accordingly displays buy and sell levels in the current trading interval (day, week, month or year), analyzing the current trading interval and the two previous ones. It is advisable to install the panel on all 4 timeframes and watch them in parallel. The older the timeframe, the stronger the signal and the greater the potential profit.
To build, for example, a Buy grid based on the analysis of the current interval, click the Buy 0-0 checkbox. But it is better to build all grids at once. The panel will remove irrelevant Fibonacci grids, and you will see the full fibo picture, the direction of the trend and its reversal. To trade, select the checkbox of the desired Buy or Sell grid level and click Trade.
This is a semi-automated trading system, so you should not test it on a full automatic mode. But it is definitely worth downloading to watch it in the strategy tester in the visual mode, play with the types of grids and levels, and learn something. And when you see the full power of this adviser, you will definitely want to buy it.
Settings:
- Magic number - identifier of the adviser's trades;
- TimeFrame and interval - timeframe selection for the Expert Advisor;
- Strict quote verification mode - exact check of quotes for building fibo grids. If your terminal time is different from UTC+2, it's better to set "false";
- Stoploss ;
- TakeProfit ;
- Min size of grid - the minimum height of the generated grids. So that the EA does not build small, irrelevant grids (mainly 0-0 and 1-0 grids at the beginning of the trading interval). The older the timeframe, the higher this indicator should be.
