Trading robot · MT5

DS Fibonacci Trader

by DaniloS99

DS Fibonacci Trader is a MetaTrader 5 expert advisor that automates trading based on Fibonacci retracement levels.

GitHub stars3
Forks4
Last update5 years ago10 Jan 2021
LicenceNone stated

Overview

The robot calculates the price range over a specified number of days to determine key levels including 23.6, 38.2, 50.0, 61.8, and 76.4 percent. It provides visual chart objects and manages order execution with options for fixed lot sizes or percentage-based risk management. The EA adapts its lookback period across various timeframes from one minute to daily charts. The repository contains no documentation beyond the source code.

Details

Author

DaniloS99 on GitHub

Type

Trading robot

Platform

MetaTrader 5 (MQL5)

Strategy

Mean reversion, Trend following

Markets

Any symbol

Timeframes

Any timeframe

Risk Profile

No grid, martingale or hedging logic was found in its code or README. That says nothing about how it performs: backtest it first.

Input Parameters

Read from DS Fibonacci Trader EA v1.0.mq5. Defaults are the author's; change them in the EA's Inputs tab.

NameTypeDefaultDescription
DaysToCountint3
IncludeTodaysCandlesbooltrue
ShowFibonaccibooltrue
AutoLotSizebooltrue
RiskForAutoLotdouble0.02
FixedLotSizedouble0.02
ExpertIDint201228

How to Install It

  1. 1Download the sourceUse "Download source (.zip)" above, or clone DaniloS99/DS-Fibonacci-Trader-EA from GitHub, and unzip it.
  2. 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
  3. 3Copy the filesCopy the .mq5 file into Experts.
  4. 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
  5. 5Test before you tradeRun it in the Strategy Tester, then attach it to a demo chart and allow algorithmic trading.
Third-party code. ForexR did not write, test or endorse this EA, and the summary above was generated automatically from its README and code. ForexR lists only repositories with readable source code and never hosts files. Read the code, backtest it and use a demo account first; automated trading can lose money quickly.

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