The Expert Advisor uses a trading strategy based on the Fibonacci levels. At the levels of ~38.2,~50.0 and ~61.8, pending orders are placed (Buy Limit, Sell Limit)

The grid of pending orders is built according to the trend. Orders are closed based on the total take profit or stop loss.

Risk:

• Risk – risk (<0.01 - low, >0.01 – high);

Levels for setting 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 – The level for setting the stop-loss (common for all orders) (~100.0%)
• Take Profit (points) – Take profit in points (common for all orders)
• K_Lot – Lot multiplication factor

• Magic number of the expert – The magic number of the expert
• Trade mode – Trade mode (true-trade is allowed)
• Don’t trade! if the account has a different magic position – (true – do not trade if other people’s positions are open on the account)
• Slippage – Slippage

Filters:

Determining the global trend according to ZigZag:

• Timeframe for the global trend-Timeframe for determining the Global Trend

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Wavelength:

• Min Wavelength – Minimum wavelength (in points)

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