FIBO Strategy EA is a very simple and
flexible expert advisor, using a known indicator that allows you to see and
exploit retracements. Any optimization should be done using average values and
not doing it too often, it can be used at all times, but is more productive
with the M30 and H1 times.                                                                                                                                                                                                                                                                                                                                                                                       This
Expert Advisor works with two signals:                                                                                                                                                                                                                                                                                                                    

• BUY Signal: When the price crosses over the virtual line.

• SELL Signal: When the price crosses under the virtual line.

SELL Signal: When the price crosses under the virtual line.

The
virtual line is a line inserted into the indicator at the preferred level, when
the price touches this level the EA sends a BuyStop order (if Fibo is low) or SellStop
order (if Fibo is hight), each order has TakeProfit and StopLoss. The wallet is
protected with BasketProfit and BasketLoss. You can open the initial trade
manually using the panel. This EA uses a loss recovery zone: Let’s say you just
entered the market with a “Buy” position with 0.01 lots and your
StopLoss = 30 points and TakeProfit = 90 points. The EA places a “Sell
Stop” order with 0.02 lots pending to cover the Stop Loss, the market will
certainly move – up or down – it may take some time, but it will move up to
TakeProfit

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Requirements for
the trading conditions:

• Leverage: 1:100 or higher;
• Minimum deposit: $1000;
• Lots size:  Balance/100*0.01;
• Currency pairs:
  AUD/USD, EUR/USD, GBP/USD, NZD/USD, USD/CAD, USD/CHF;
• Timeframe: Any
  time but recommended M30 H1;                                                                         
• Trading type: NO
  Reserving margin for pending order;

Main Settings:

• Work timeframes – indicator
  works into time;                                                                                                                                                                                                                                                                                             
• Direction of trade – three
  directions: long and short / only long /only short;
• Trade mode – two ways to
  trade: automatically or manually with the panel;                                                                                                                                                                                                                                                       
• Recovery line – see or not see
  recovery zone;
• Pending order distance – distance of
  pending order in pips;                                                                                                                                                                                                                                                                              
• Take Profit – distance take
  profit in pips;
• Stop Loss – distance stop loss in pips;                                                                                                                                                                                                                                                                                                              
• Break Even Start At – level (in pips) that activates the Break Even;
• Break Even Level At – activation of Break Even (in pips). It is activated when the value of Break
  Even Start At reached;                                                                                                                                        
• FIBO optional levels of work:

• 236 –
  level fibo sell – true/false the work level

• 382 –
  level fibo sell – true/false the work level

• 500 –
  level fibo sell – true/false the work level

• 618 –
  level fibo sell – true/false the work level

• 236 –
  level fibo buy – true/false the work level

• 382 –
  level fibo buy – true/false the work level

• 500 –
  level fibo buy – true/false the work level

• 618 –
  level fibo buy – true/false the work level

• 236 –
  level fibo sell – true/false the work level

• 382 –
  level fibo sell – true/false the work level

• 500 –
  level fibo sell – true/false the work level

• 618 –
  level fibo sell – true/false the work level

• 236 –
  level fibo buy – true/false the work level

• 382 –
  level fibo buy – true/false the work level

• 500 –
  level fibo buy – true/false the work level

• 618 –
  level fibo buy – true/false the work level

236 –
level fibo sell – true/false the work level

382 –
level fibo sell – true/false the work level

500 –
level fibo sell – true/false the work level

618 –
level fibo sell – true/false the work level

236 –
level fibo buy – true/false the work level

382 –
level fibo buy – true/false the work level

500 –
level fibo buy – true/false the work level

618 –
level fibo buy – true/false the work level

• Volume of first order – initial order volume;
• Pending orders volume list – pending orders volume list;
• Limit Lot Increase – maximum volume lots;
• Basket Profit – the minimum profit of the entire basket;
• Basket Loss – the maximum loss of the entire basket;
• Start time server –
  start trading by time;
• Stop time server –
  stop trading by time;
• Monday –  enable/disable trading;
• Tuesday – enable/disable trading;
• Wednesday – enable/disable trading;
• Thursday – enable/disable trading;
• Friday – enable/disable trading; 
• Parameters indicator:

• Working price – price at close bar or tik by tik;
• Depth Bars – bars for signal calculation;
   
• Depth Shift – moving in depth;
• Deviation – maximum deviation.

• Working price – price at close bar or tik by tik;

• Depth Bars – bars for signal calculation;
   

• Depth Shift – moving in depth;

• Deviation – maximum deviation.

• Virtual Line – value of the virtual line;
   

• Draw – see or not see fibo indicator;

• Virtual Line – value of the virtual line;
   

• Draw – see or not see fibo indicator;

Virtual Line – value of the virtual line;
 

Draw – see or not see fibo indicator;

• Magic number – EA’s order magic number;

• Slippage –  maximum slippage value;

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