by 
This MetaTrader 4 expert advisor functions as an automated trading robot using the Average Directional Index (ADX) to identify trend strength and direction. It executes trades based on ADX crossovers and specific level thresholds. The EA provides essential risk management tools, including stop loss, take profit, and a
Trading robot · MT4
Fibonacci EA
Fibonacci EA is a MetaTrader 4 expert advisor that executes trades based on technical indicators.
GitHub stars1
Forks0
Last update1 year ago30 Nov 2024
LicenceNone stated
Overview
Despite the name, the provided implementation focuses on a moving average crossover strategy involving a 30-period and 50-period simple moving average. The robot enters a sell position when the shorter-period average crosses below the longer-period average. The code demonstrates a basic entry logic with a fixed lot size. The current version lacks visible stop loss or take profit parameters, and the documentation provided in the README is extremely minimal.
- Moving average crossover logic
- Simple moving average calculations
- Automated sell order execution
- Fixed lot sizing
- MetaTrader 4 compatibility
Details
Author
shahadatnovel on GitHub
Type
Trading robot
Platform
MetaTrader 4 (MQL4)
Strategy
Indicator crossover
Markets
Any symbol
Timeframes
Any timeframe
Risk profile
- Trades without a fixed stop loss
EA files
How to install it
- 1Download the sourceUse "Download source (.zip)" above, or clone shahadatnovel/Fibonacci-EA from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL4/Experts.
- 3Copy the filesCopy the .mq4 file into Experts.
- 4Compile in MetaEditorOpen the file in MetaEditor and press Compile. Fix any missing includes the compiler reports.
- 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.
Similar expert advisors
SuperMao is an automated trading robot for MetaTrader 4 that executes trades based on technical indicator configurations. The repository includes variations of the strategy, specifically utilizing Ichimoku Kinko Hyo for trend identification and a combination of Bollinger Bands with MACD crossovers for momentum-based en
Adeline is a MetaTrader 4 expert advisor that executes trades based on a dual moving average crossover strategy. It monitors the 10-period and 40-period Simple Moving Averages, entering long or short positions when the fast line crosses the slow line. The robot manages exits using opposite signal crossovers, a fixed st
This MetaTrader 4 expert advisor is an automated trading system designed for technical analysis using trend and momentum indicators. It incorporates multiple exponential and simple moving averages, RSI with integrated smoothing periods, and MACD. The EA manages risk through dynamic lot sizing based on account percentag
This expert advisor for MetaTrader 4 automates trading using five Exponential Moving Average periods to determine market direction. The developer notes an integration between C# and MQL4 for its operation. It manages trades with fixed stop loss and take profit parameters, ensuring each position has defined risk boundar
This MetaTrader 4 expert advisor executes automated trades on the forex market by combining signals from various technical indicators. The logic incorporates Average Directional Index analysis across multiple timeframes, alongside Ichimoku and Stochastic oscillators. Users can configure lot sizing, take profit, and sto
Need a broker for MT4?
Compare regulated brokers that support MetaTrader, with spreads, minimum deposits and leverage side by side.
Compare brokers