FiboStop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
Expert Advisor trading based on Fibonacci retracements or extended trailing stops.
This EA does not place any trades for you, it only moves the stop loss levels of your trades based on the Fibonacci levels of extension or retracement that you place on the chart.
To use it, you just create an extension or retracement and name it "FiboStop". Stop loss will be slightly below or 2 levels above the current price.
For example, if the price is above the 0.786 level, the stop loss will be slightly below the 0.5 level.
Attachment download
📎 fibostop.mq4 (6.94 KB)
Source: MQL5 #12059
FiboStop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
FiboStop - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources belong to MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •