Welcome!
- Fibonacci Scalper trades the golden ratio, the 61.8 on volatility. It calculates all the possible 61.8 and takes into account volatility to place stop orders at the 61.8 or below . Works best in 15 minutes. The minimum deposit is 20 USD .
Features:
It has a hedge function to capitalize both possible directions in such important pivot . Autolot function also available . Optimized for GBPAUD & EURAUD & AUDUSD in the default set (more sets in the discussion) SET FOR 8 YEARS OF BACKTESTING EURUSD IN THE COMMENTS SECTION.
- Tight Stop Loss protects your account = 100 Points
- Recommended Time Frame = 15 min
- Minimal deposit = 20 USD on microlot accounts
- VPS and a low spread account (True ECN Account) is recommended.
- NO grid or martingale
- Back Testing : when using data, make sure that stop level (minimal distance from price to place orders) is on 0 .
Settings:
- Lot - Fix lot of preference
- BreakEvenDisparo - Distance from the price when trailling stop starts
- TI - Start hour to open trades
- TF - End hour to open trades
- ModifyStopOrder - True if you want to modify stops orders to follow price
- SL - Stop Loss in Points
- ATRPeriod - Period of ATR indicator
- MAGICMA - Magic number for the chart symbol. You can run this EA on multiple symbols by changing the Magic Number for each chart.
- Autolot - True if you want an autolot sizing from the free margin on the account.
- MaxSpread - Maximal spread value permitted to open order
- Atr - Value of the ATR indicator condition to open order
- CondBarras - Amount of previous bar to find Golden Ratio
- Hedge -Hegde condition on or off
- Risk - How much of account free margin you want to risk, from 1 to 99.
- Before you buy Fibonacci Scalper please be aware of the risks involved.
- Past performance is no guarantee of future profitability (EA could also make losses).
- The backtests shown (e.g. in screenshots) are highly optimized to find the best parameters but therefore results cannot be transferred to live trading.
- This strategy will always use a stop loss, but still execution of the SL depends on your broker.
- Try on Demo Account first, before live account.
