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The Fibonacci Scalper

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Published: 25 May 2020

Current version: 1.7

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Reviews (58)
Comments (72)
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The Fibonacci Scalper

4.2

Experts
STANTON ROUX
Version: 1.7
Updated: 8 October 2020

The Fibonacci Trader MQL5 expert advisor uses the Fibonacci levels to determine a buy or sell trade with the MACD as confirmation.

The Fibonacci levels work as follows:

Above 61.8

SELL if MACD trend is SELL

Trading Range (Ability to select trading input parameters)

BUY if MACD trend is BUY
SELL if MACD trend is SELL

Below 23.6

BUY if MACD trend is BUY

Default settings are configured for EURUSD on M5 Chart.

To work with the news server, you must add the URL ‘http://ec.forexprostools.com/’ in the list of allowed URL tab.

Main menu-> Tools-> Settings tab “Advisors”:

News is not enabled in Strategy Tester.

more...

735

65638263 2024.06.10 11:25 #

muchas gracias, probando el producto pero se ve prometedor gracias

586

Calogero Vella 2024.03.04 10:53 #

Very nice! Thanks for the work!

153

kentarou sumi 2023.04.19 14:38 #

I have used it with default setting and M30 chart. Some Doll Pair, I think it work well. thank you, Regards.

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Filter:

Marc Lefèvre 2025.02.16 08:04 #

EA idea is ok.

Mirec_78 2024.09.07 10:08 #

Terrible, more lossy than profitable.

MolinaGalo1972 2024.06.29 20:03 #

Acabo de descargarlo, probaré a ver si todo marcha bien... espero que si.. pues se ve bueno a simple vista...

735

65638263 2024.06.10 11:25 #

muchas gracias, probando el producto pero se ve prometedor gracias

Marc.Parrish 2024.06.01 16:42 #

I have been running this for 2 weeks for EURUSD with M5 timeframe as advised. I observed lots of SL and not even single TP. Therefore I don't advise.

[Deleted] 2024.05.28 04:38 #

User didn't leave any comment to the rating

Shenol Angelov 2024.04.25 09:07 #

blagodarq interesno

586

Calogero Vella 2024.03.04 10:53 #

Very nice! Thanks for the work!

BeeCoola 2023.10.31 16:36 #

Unfortunately it did not work for me.

Ravanity2021 2023.06.01 11:25 #

I trial this out on a demo account, and it works well. It's more than what I expected.

153

kentarou sumi 2023.04.19 14:38 #

I have used it with default setting and M30 chart. Some Doll Pair, I think it work well. thank you, Regards.

MSFinancial 2022.12.01 23:04 #

Bad experience! Does not work for me….

239

Filipe Pereira 2022.10.21 18:16 #

Well it looks work very well. Iam using the V4 setup however instead 1% risk i decided to put 4% risk because like that i will open 0.04 lot for me its about 4000$ instead 0.01 lot or 1000$ trades. I just have 750$, so 4% profit or 4% loss per trade looks good to this ammount of investment. I also decided to use the news link that will make not open trades during eur usd news . I personally like trend and FIbonacci strategy so this simple robot will watch the market for me trying spot a place to enter the market . On V4 setupversion stoploss, take a profit and trailing stop poins are very well choosed for actual dynamic market conditions on this time frame. So i dont know what else can be done to be improved for a low drawndown algotrading without compromise a decent profit

P1tBull 2022.10.07 21:01 #

This is a beautiful EA. It needs a little optimisation and backtesting for each pair, but is very versatile, scalable and works across pairs. It needs tweaking out of the box, but if I only had one EA for every pair, this would be it. I can't believe Stanton is giving this away for free.

13143

Cristian Mihail Pauna 2022.09.27 07:08 #

User didn't leave any comment to the rating

Harsh Vardhan 2022.09.23 13:28 #

not working for me in tester and on demo account , plz suggest what to do

[Deleted] 2022.09.01 03:31 #

User didn't leave any comment to the rating

[Deleted] 2022.06.10 10:30 #

User didn't leave any comment to the rating

569

Alexandre Bellini 2022.05.17 15:48 #

Muito bom, só gostaria de saber como faço para que depois de abrir um pedido, ele só abra outro depois que o primeiro fechar. Comigo, ele continua abrindo ordens seguidas dentro da mesma negociação sempre que atinge a região de execução. Grato

Very good, I just want to know how I make it so that after opening an order, it only opens after the first one closes. With me, it continues execution orders in a row within the same trade without an execution region being serviced. Grateful

Farouk Elshahat 2022.05.14 21:34 #

THE EA IS WORKING GOOD SO FAR FOR PAIRS "EURUSD"&"GBPUSD" WITH TIME FRAME M5 WITH PROPER INPUT BUT BACKTEST IS NOT PROMISING .

1 2 3

Version 1.7 2020.10.08

Added ability to create stop orders and limit orders

Version 1.6 2020.06.08

Fix bug when using % of margin on a sell trade (Trade did not open)

Version 1.5 2020.06.07

Added ability to select Fibonacci Trading range from input parameters

Version 1.3 2020.06.07

Add ability to choose between fix lot and percentage of Margin

Version 1.2 2020.05.27

Decrease trade sensitivity

Minor bug fixes

Version 1.1 2020.05.26

Extended open trading range to between 23.6 and 61.8 levels.