Description
(Mqlrobot) Fibonacci Trend EA_MQL4: Trading System Based on Fibonacci and Price Trends
(Mqlrobot) Fibonacci Trend EA is an automated trading system that uses Fibonacci Retracement and price trends to determine entry and exit points. It is ideal for traders who want to use Fibonacci principles to accurately identify support and resistance levels, along with Follow Trend and Reverse Trend systems to adapt to all market conditions.
Thank you for reading this post, don't forget to subscribe!Key Features of the EA
- Trade Based on Fibonacci Retracement Levels – Automatically calculated from support and resistance zones.
- Supports Follow Trend & Reverse Trend Trading – Trade with the trend or against it.
- Breakout & Reversal Strategies – Combined with Grid Distance and Trailing Stop for risk management.
- Automatic Profit Closure – Set to close profits when targets are reached.
- Profit Data Recording – Tracks profit history and number of orders for better analysis.
For more details on automated trading tools, visit MQLRobot
How (Mqlrobot) Fibonacci Trend EA Works
1. Fibonacci Retracement for Support & Resistance Levels
- Identifies key Fibonacci levels: 23.6%, 38.2%, 50.0%, 61.8%, and 78.6%.
- Uses these levels as trade entry points and for setting Stop Loss & Take Profit.
2. Order Placement Based on Market Trends
- If price is above Fibonacci level and breaks through → Open Buy Order.
- If price is below Fibonacci level and breaks down → Open Sell Order.
3. Two Trading Modes Available
- Follow Trend Mode – Opens orders aligned with the main trend.
- Reverse Trend Mode – Opens orders against the trend when reversal signals occur.
4. Risk Management with Grid & Trailing Stop
- Uses Grid Distance to increase automatic orders when price follows the trend.
- Prevents losses with Trailing Stop and automatic profit-taking system.
5. Automatic Profit Closure System
- Closes orders when they reach Fibonacci targets or the set profit level.
- Uses Trailing Stop & Profit Lock to reduce drawdown and secure profits.
Why Choose (Mqlrobot) Fibonacci Trend EA?
✔ Accurately identifies Fibonacci support & resistance levels.
✔ Supports both trend-following & counter-trend trading.
✔ Reduces drawdown with Grid Distance & automatic profit closing.
✔ Customizable Take Profit, Stop Loss & Trailing Stop settings.
✔ Works on all currency pairs & timeframes.
For more trading automation solutions, visit MQLRobot
Recommended Trading Conditions
- Timeframes (TF): M15, H1, H4
- Best Currency Pairs: EUR/USD, GBP/USD, USD/JPY, XAU/USD
- Broker Type: ECN, Low Spread
- Minimum Investment: $500+ recommended
- Leverage: 1:100 or higher
For more insights on trading systems and automated trading, visit MQLRobot
Visit FXdreema & MQL Robots: https://mqlrobot.com
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Need Help? Contact Us!
Line: https://page.line.me/143kgzhe
Support: https://mqlrobot.com/contact-us
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