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The Fibo Reversals Expert

The Fibo Reversals Expert is the Expert Advisor built based on the trading strategy of "The Fibo Reversals Indicator". Here, the E.A. is used with two other indicators - "ComBo Trend Indicator" - https://www.mql5.com/en/market/product/24413? and "Holy Trinity Indicator" - https://www.mql5.com/en/market/product/101432?. The settings of this E.A. are a combintion of the individual settings of each of the indicators in use - with few additional basics.

SMART REVERSALS PENDINGS

  • -Smart_Pending_Reversals - Set 'True' to allow Expert Advisor automatically look out for trend reversal entries.
  • Smart_Pending_Extensions  - Set 'True' to allow Expert Advisor automatically look out for trend extension entries.
  • Pendings_Monthly - Fibo 'Father' High/Low price entry for the monthly time range.
  • Pendings_Weekly - Fibo 'Father' High/Low price entry for the weekly time range.
  • Pendings_Daily - Fibo 'Father' High/Low price entry for the daily time range.
  • Pendings_Depth - Indicator buy / sell depth level.
  • Pendings_Interval - Period interval for trade making decisions.
  • Pendings_TEMA_21_MA - Tripple Exponential Moving Average lower period.
  • Pendings_TEMA_55_MA - Tripple Exponential Moving Average higher period.
  • Pendings_Expiration_Hours - Pending Order time duration before expiration (in Hours).
  • Smart_Pendings_Trailing_Points - Trailing points for activated pending order trades.
  • Pendings_Closure_Days - Time duration after which an activated buy/sell trades must be closed.
  • ComBo_Father - ComBo Trend Indicator Father High Period.
  • ComBo_Son - ComBo Trend Indicator Father Low Period.
  • ComBo_HolySpirit - ComBo Trend Indicator signal Period.
  • ComBo_Interval - ComBo Trend Indicator period interval for trade making decisions.
  • Smart_Pendings_Tf - Time Frame used for entry calculations.

Note: For automated trading, each of these trading strategies are to be independently optimized.

TRADE_MANAGEMENT

  • Profit_Points - Enter desired take profit (in points based on traded symbol / instruments).
  • Loss_Points - Enter desired stop loss (in points based on traded symbol / instruments).
  • Fixed_Lot_Size - Enter your trading lot size.
  • Smart_Pendings_Confirmations - Use the Smart Reversals Pending calculations to confirm manual entries.
  • Expert_Close - Select to use the Expert Advisor precalculated closing conditions.
  • Scalping - a fixed peecentage (0.236%) of your pre-chosen take profit level. Use to take small size profits (if desired).
  • Friday_Night_Closures - If need be, close all opened trades before the weekend starts.
  • sfAI_Chart_Identity_Number - Change this number - in the eventuality that there are two or more settings for use per traded chart symbol. This will help the Expert Advisor identify each settings signals.
Happy, Safe And Successful Trading.


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5 (2)
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5 (1)
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Gold Alliance
Dmitriq Evgenoeviz Ko
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4.67 (3)
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Adeniyi Adedipe
This Is An Oscillatory Indicator Which Has OnlyTwo Lines: Main Line - The calculation for this value is based upon the open, high, low and close prices of chosen input parameters (within the set periods.) Signal Line - The Calculation for the signal line is based on the addition (& multiplication) of several moving averages of the Father, Son & Holy Spirit Periods (all applied to the main line's value). Input Parameters Please Note that by way of combination, each input parameter plays several
Fibo Reversals is an indicator which has carefully been put together to attempt to indicate a time period in which an ongoing trend is most probably exhausted and a new trend (actually a reversal trend) inadvertently begins. At this, it should be okay for the manual trader to be on the look out for good trading opportunities. Input Settings Father Fibo  – This Input Determines The Highest Price For The Chosen Input Period. Son Fibo  - This Input Determines The Lowest Price For The Chosen Input
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Adeniyi Adedipe
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Adeniyi Adedipe
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Version 7.731 2024.05.07
Re-Engineered! Automated Smart Pending Order Entries.
Version 7.721 2023.07.12
Separating Auto Trading Modes From Manual Trading Mode
Version 7.711 2023.07.07
Redefined strategies.
Version 7.701 2023.06.29
Individual and separated trading strategies.