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ZigZag Fibo EA MT5

FREE

Published: 20 February 2024

Current version: 1.1

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Overview
Reviews (13)
Comments (33)
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ZigZag Fibo EA MT5

4.09

Experts
Andrey Tatarinov
Version: 1.1
Updated: 4 March 2024

The EA trades with the trend. The direction of the trend is determined by the ZigZag indicator.

The Fibonacci grid is superimposed in the direction of the trend. At a given Fibonacci level, a limit order is placed in the direction of the trend.

The following levels are available for placing an order:

23.6
38.2
50.0
61.8
78.6

Stop loss is set to the Fibo level of 100 or specified by the user in the EA settings.

Take profit is set to Fibo level 0 or specified by the user in the EA settings.

Version for MT4 https://www.mql5.com/en/market/product/113060

Settings:

Lot Size - lot size
TakeProfit - take profit value when choosing a fixed TP. 0 - disabling TP
TP Type - take profit type: fixed or Fibo 0
StopLoss - stop loss value when choosing a fixed line. 0 - disabling SL
SL Type - stop loss type: fixed or Fibo 100
Fibo Entry Level Buy - Fibo level for placing a limit order to buy
Fibo Entry Level Sell - Fibo level for placing a limit order to sell
Min Fibo size to place order - minimum Fibo grid size to place an order in points
Close by continue Zigzag - closing an order when a new trend appears according to the Zigzag indicator
Start Trading Time - trading start time
End Trading Time - end time of trading
Trading Monday - allow trading on Monday
Trading Tuesday - allow trading on Tuesday
Trading Wednesday - allow trading on Wednesday
Trading Thursday - allow trading on Thursday
Trading Friday - allow trading on Friday
TrailingSL - enable trailing stop
TrailingSL Activation - trailing activation level in points
TrailingSL Distance - distance to price in points
TrailingSL Step - SL moving step
MagicNumber - magic orders
Slippage - slippage when closing an order
ExpertComment - commentary on orders

more...

Henryk-K 2025.01.10 05:21 #

Very good, gives good results

298

Paulo Vitor Oliveira Barbosa 2024.11.05 15:12 #

Great EA! Nice strategy and im having good results

AnanyaKongsak 2024.07.23 05:59 #

very good

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The Expert Advisor is based on the indicator - DeMarker . The Demark indicator was developed by Thomas R. Demark. Demark tried to create an overbought / oversold indicator, which would not have most of the shortcomings of the traditional indicators, the purpose of which was to identify the potential minimums and maximums of the market, based on the demand for the asset and an indication of the extent of riskiness of buying and selling the asset in the current situation. The EA implements two str

39.99 USD

The Expert Advisor opens orders using Stochastic Oscillator . All parameters can be customized and optimized. The EA features three strategies for working with the oscillator: Open deals when the main indicator reaches oversold/overbought levels. Open deals when the main line forms a reversal pattern within oversold/overbought areas. Open deals when the main and signal lines intersect within oversold/overbought areas. The number of buy and sell orders opened simultaneously is set separately. Thi

39.99 USD

The advantage of the Price Surfing indicator is the search algorithm for the extremes of the price of the instrument. Most indicator signals are located at local maximums and minimums of the price . For the convenience of the trader, the potential profit of each signal is displayed on the chart. The indicator does not repainting, the signal appears after the bar is closed. MT5 version https://www.mql5.com/en/market/product/47179 Parameters SendAlert - enable alert of a new signal SendEMail - e

39.99 USD

The advantage of the Price Surfing indicator is the search algorithm for the extremes of the price of the instrument. Most indicator signals are located at local maximums and minimums of the price . For the convenience of the trader, the potential profit of each signal is displayed on the chart. The indicator does not repainting, the signal appears after the bar is closed. MT4 version https://www.mql5.com/en/market/product/46054 Parameters SendAlert - enable alert of a new signal SendEMail

39.99 USD

The EA opens orders based on the Stochastic Oscillator indicator. All indicator parameters can be configured and optimized. The EA implements two strategies for working with this indicator: Opening deals immediately when the main line of the indicator reaches overbought / oversold levels. Opening deals when a reversal pattern is formed by the main line on the indicator chart in overbought / oversold zones. The number of simultaneously open buy and sell positions is set separately. Thanks to th

39.99 USD

Filter:

Henryk-K 2025.01.10 05:21 #

Very good, gives good results

SADEGH FATHI 2024.12.06 13:32 #

hello Thank you for your effort If entry , stop loss and take profit levels can be adjusted based on custom fibo and it can be multi-time, it will be an interesting work.

orad2010 2024.11.25 17:08 #

Тест отрицательный

298

Paulo Vitor Oliveira Barbosa 2024.11.05 15:12 #

Great EA! Nice strategy and im having good results

Blue_Blud 2024.08.23 21:01 #

The bot makes only losses in the last year backtesting.

AnanyaKongsak 2024.07.23 05:59 #

very good

zxfzxf 2024.06.28 17:18 #

test good

[Deleted] 2024.05.19 03:34 #

User didn't leave any comment to the rating

270

Jose Pedro Dominguez Moreno 2024.04.11 15:44 #

muy bueno

DylanKnapman 2024.04.03 19:55 #

A+! Great EA! Worth checking out!

1264

Sebastian Schmidt 2024.03.26 05:08 #

User didn't leave any comment to the rating

8589749 2024.03.26 04:30 #

Tem tido bons acertos nas operações

585

Calogero Vella 2024.03.15 23:32 #

nice one! thanks a lot

Version 1.1 2024.03.04

- Added setting trading time on Saturday and Sunday