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Fibonacci Wizard

The Fibonacci Wizard looks for divergences indicating potential reversals.  When a divergence is detected, the EA will open 1 trade with a profit target based on user selected Fibonacci Retracement level.  If another divergence is detected prior to reaching the profit target, the EA will open another trade of the same size and recalculate the profit target.  This will be attempted until a profit target is reached or the EA reaches the user defined maximum number of open trades.    The user must also specify a default profit target in dollars or pips.  The default profit target must be met in addition to the Fibonacci based level, this prevents the EA from calculating targets with negative profit in turbulent market conditions.  It is recommended to keep the default profit target low if using a Fibonacci based target.  However, if desired the user may turn the Fibonacci based target off and let the EA trade solely on the default profit target.

Inputs

Magic Number - unique number that the EA uses to identify its trades

Max Trades - the maximum number of trades the EA is allowed to take on any given currency pair

Trade Lots - the size of each trade

Stop Loss in Dollars - Stop loss is based on the sum of all profits for the given currency pair.  So for example, if Stop Loss is entered as "50" and there are 5 trades open on EURUSD and the profit on all 5 adds up to a total $50 loss, then all 5 trades will be closed.  Stop Loss should be entered as a positive value.

Fibonacci Based Target - if true, the EA will calculate a profit target based on the desired Fibonacci Retracement level, this is the intended mode of operation for this EA.  For a trade to close, the price must exceed the value of the specified Fib Level AND be greater than the default profit target in dollars.  If Fibonacci Based Target is set to false, the EA will only look for the default profit target and will not draw Fibonacci levels on the chart.

Fibonacci Level- is the desired target for closing the trade.  It should be entered in decimal form (e.g. 0.5 for 50%).  It is not limited to key Fib levels, any number may be entered.  If "Fibonacci Based Target" is false, this value will be ignored.

Use Pips for Profit Target - if set to true, the default profit target in pips will be used instead of dollars

Default Trade Profit in Dollars - used if Use Pips for Profit Target is set to false

Default Trade Profit in Pips - used if Use Pips for Profit Target is set to true

Speed- this input is only relevant when using the backtester in visual mode.  It allows the user to specify the speed at which the chart will go, the lower the number, the faster the chart goes. 1 is fastest, 100000 is slowest.

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Bogdan Ion Puscasu
4.82 (11)
Présentation       Quantum Gold Emperor EA   , le conseiller expert révolutionnaire MQL5 qui transforme la façon dont vous négociez la prestigieuse paire XAUUSD (GOLD) ! Développé par une équipe de traders expérimentés avec une expérience commerciale de plus de 13 ans. IMPORTANT! Après l'achat veuillez m'envoyer un message privé pour recevoir le manuel d'installation et les instructions de configuration. ***Achetez Quantum Gold Emperor EA et vous pourriez obtenir Quantum Trade EA gratuitement !
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Lo Thi Mai Loan
5 (2)
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Dilwyn Tng
4.96 (667)
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Eugen Funk
3.33 (18)
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The Tequila Sunrise (TSR) makes “buy” trades on the USDMXN during morning times of high volumes. The EA uses a combination of the Stochastic Oscillator, Force Index, and a price action algorithm across different timeframes to determine whether or not it takes a trade each particular day. Instead of a take profit target, the EA uses an algorithm to determine when to close the trade. It is designed to run on the 5 minute charts on a daily basis. Parameters Magic Number : This is a unique identifi
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