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Fibonacci Of Yesterday

As a forex trader, you understand the power of the Fibonacci trading strategy in technical analysis. However, manually drawing and adjusting Fibonacci levels can be time consuming. That's where the Fibonacci Of Yesterday EA comes in to save you valuable time. It's designed specifically for trading using the Fibonacci strategy based on the previous day's price action, this innovative tool automates the identification of entry, stop loss, and take profit levels based on Fibonacci levels. This automation streamlines your trading process and enhances efficiency. The EA also features a modern trailing system and a comprehensive risk management system to help you effectively manage your trades.

With the Fibonacci Of Yesterday EA, you can take advantage of fast market activity by quickly entering and exiting trades based on the identified Fibonacci levels. Moreover, the EA provides notification alerts, keeping you informed about market movements even when you're away from your trading platform. The user friendly settings of the Fibonacci Of Yesterday EA cater to traders of all skill levels. Additionally, the customizable settings allow you to tailor the EA to match your individual trading preferences.

The strategy for using this EA involves waiting until all major news has been released, identifying the trend, and drawing Fibonacci levels accordingly. If the market is in an upward trend, Fibonacci levels are drawn from the swing high to the swing low. Conversely, if the market is in a downward trend, Fibonacci levels are drawn from the swing low to the swing high. To execute trades, place an order between the 50% and 38.2% Fibonacci levels, with a stop loss set at the 23.6% retrace level.

The Fibonacci Of Yesterday EA offers a range of features to support your trading endeavors. Its advanced trading algorithm employs the Fibonacci Of Yesterday strategy to maximize profitability. The modern trailing system can be customized based on your preferences and prevailing market conditions, while the proper risk management system minimizes losses and optimizes gains. The EA facilitates quick and efficient trading decisions, and notification alerts can be sent via mobile, email, or pop-up to keep you informed of important market movements. With user-friendly settings, seamless integration with popular trading platforms, and real-time market analysis, the Fibonacci Of Yesterday EA equips you with the tools and insights needed to make informed trading decisions.

The EA also offers various parameters for customization. You can adjust the lot size, enable/disable lot management, set maximum risk, define the trailing stop and step, determine stop loss and take profit levels, and choose whether to allow buy or sell orders. The magic number feature assigns a unique number for each symbol window and trade type, enabling simultaneous use of the EA on multiple instruments for diversification and increased trading opportunities. In terms of Fibonacci parameters, you can activate/deactivate each Fibonacci level, set additional level touch mode, and define the distance for additional levels in pips. Graphic parameters such as line style, width, and color can be customized to enhance visualization.

Note that the recommended timeframes for the Fibonacci Of Yesterday EA are 30 minutes and 1 hour, and the default settings are not optimized for maximum win rate.


Parameters

  • Trading Parameters
    • Lots - lot size.
    • Lot Management - enable/disable lot management system.
    • Maximum Risk - maximum risk from total margin in %.
    • Decrease Factor - number of consecutive losing trades for decreasing the lot size.
    • Trailing Stop - number of pips in profit to activate the trailing stop (pips).
    • Trailing Step - stop loss move by [x] pips.
    • Stop Loss - stop loss (pips).
    • Take Profit - take profit (pips).
    • Allow Buy Orders - enable/disable buy orders.
    • Allow Sell Orders - enable/disable sell orders.
    • Magic Number - number for each symbol window and trade type you run the EA on simultaneously.
  • Fibonacci Parameters -  Customize the Fibonacci indicator and filter signals.
    • Graphic Parameters - Customize visual appearance and colors.
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    4.71 (35)
    Experts
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    Cence Jk Oizeijoozzisa
    2.75 (12)
    Experts
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    Lo Thi Mai Loan
    Experts
    LIVE SIGNAL  Welcome to Gold Trend Scalping LAUNCH PROMO:  The price will increase by $100 with every 10 purchases (8/10) Next price: $433.99 Final price: $1993.99 BUY Gold Trend Scalping, receive 2 free accounts using Dow Jones Algo for trading US30 (bonus from November 4 to November 11). Details about params Gold Trend Scalping is the first EA I designed specifically for gold.  The EA uses a following trend trading strategy based on larger time frames.  It employs a super trend to detect th
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    Lo Thi Mai Loan
    5 (8)
    Experts
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    Andrey Kozak
    Experts
    Forex trading bot ai is an artificial intelligence-based robot with self-learning capabilities. This robot initiates its first trades based on the input parameters specified in the settings. Each trade executed by the robot is recorded in a file (memorized). The robot then analyzes all the closed trades and the conditions under which they were closed. If the overall profit of the closed trades is negative, the robot examines the parameters with which they were opened and adjusts them to improve
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    Ugochukwu Mobi
    2.9 (20)
    Experts
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    Aleksandr Kazmirchuk
    5 (4)
    Experts
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    Yvan Musatov
    4 (3)
    Experts
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    Thushara Dissanayake
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