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The Expert Advisor implements the Fibonacci level trading. Pending orders (Buy Limit, Sell Limit) are placed at levels ~38.2,~50.0 and ~61.8.
The grid of pending orders is built following the trend. Orders are closed by the total take profit or stop loss.
Settings and Inputs
Risk:
- Risk – risk (<0.01 – low, >0.01 – high);
Levels for placing pending orders:
- Level1 (0 – don’t set) – level 1 (~38.2%) 0 – do not place a pending order
- Level2 (0 – don’t set) – level 2 (~50.0%) 0 – do not place a pending order
- Level3 (0 – don’t set) – level 3 (~61.8%) 0 – do not place a pending order
- Level for Stop-loss – level for setting stop loss (common for all orders, ~100.0%)
- Take Profit(points) – take profit in points (common for all orders)
- K_Lot – lot multiplier
- Magic number of the expert – magic number of the EA
- Trade mode – trading mode (true – trading enabled)
- Don’t trade! if the account has a different magic position – if true, does not trade if third-party positions are opened on the account
- Slippage – slippage
Filters:
Determining the global trend according to ZigZag:
- Timeframe for the global trend – timeframe for determining the global trend
Wavelength:
- Min Wavelength – the minimum wavelength (in points)
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