Phantom Edge is a MetaTrader 5 expert advisor primarily designed for trading BTCUSD. It identifies entries using a combination of technical indicators, including RSI, MACD, and SMA, while validating setups through multi-timeframe analysis of M15 liquidity sweeps and M30 trend breaks. The EA features comprehensive trade
Trading robot · MT5
Fibonacci Expert
Fibonacci Expert is a MetaTrader 5 robot that calculates Fibonacci levels using price extremes from a user-defined timeframe.
GitHub stars1
Forks0
Last update3 years ago15 Nov 2022
LicenceNone stated
Overview
Fibonacci Expert automatically places various pending orders, including buy stops, sell stops, buy limits, and sell limits, at specified intervals relative to these levels. The EA manages risk through individual stop loss and take profit settings for every order type, alongside a free margin protection feature. Users can configure trading sessions via start and stop hours and manage two distinct Fibonacci levels simultaneously. The strategy focuses on price interaction at calculated levels using multiple entry types.
- Automated Fibonacci level calculation
- Support for multiple pending order types
- Customizable trading session hours
- Independent stop loss and take profit for each level
- Free margin protection system
Details
Author
ismail505 on GitHub
Type
Trading robot
Platform
Strategy
Markets
Any symbol
Timeframes
M15-H1, H4 and above
Risk Profile
- Holds opposite positions at once
EA Files
Input Parameters
Read from fibo_Expert.mq5. Defaults are the author's; change them in the EA's Inputs tab.
| Name | Type | Default | Description |
|---|---|---|---|
autotrade | bool | false | |
FREEMARGINCLOSE | bool | true | |
Fibo_Trade_EA_V1_Parameters | string | =============== Fibo_Trade_EA_V1 =========================== | |
Hour_Start_Trade | int | 1 | |
Hour_Stop_Trade | int | 23 | |
LastMinute | int | 50 | |
Commission | double | 5 | |
Order_Parameters | string | ============== Order - Parameters ========================== | |
Trade_in_level_1 | bool | true | |
MagicNumber_level1 | uint | 1111 | |
op1 | string | ---------- Sell_Limit_Pending_Order_Level1 ---------- | |
Sell_Limit_Pending_Order_Level1 | bool | true |
Show all 40 inputs
| Name | Type | Default | Description |
|---|---|---|---|
Sell_Limit_Percent_Target_Profit1 | double | 20 | |
Sell_Limit_Percent_StopLoss1 | double | 20 | |
Sell_Limit_lot_level1 | double | 0.01 | |
op2 | string | ---------- Sell_Stop_Pending_Order_Level1 ---------- | |
Sell_Stop_Pending_Order_Level1 | bool | true | |
Sell_Stop_Percent_Target_Profit1 | double | 20 | |
Sell_Stop_Percent_StopLoss1 | double | 20 | |
Sell_Stop_lot_level1 | double | 0.01 | |
op3 | string | ---------- Buy_Limit_Pending_Order_Level1 ---------- | |
Buy_Limit_Pending_Order_Level1 | bool | true | |
Buy_Limit_Percent_Target_Profit1 | double | 20 | |
Buy_Limit_Percent_StopLoss1 | double | 20 | |
Buy_Limit_lot_level1 | double | 0.01 | |
op4 | string | ---------- Buy_Stop_Pending_Order_Level1 ---------- | |
Buy_Stop_Pending_Order_Level1 | bool | true | |
Buy_Stop_Percent_Target_Profit1 | double | 20 | |
Buy_Stop_Percent_StopLoss1 | double | 20 | |
Buy_Stop_lot_level1 | double | 0.01 | |
Timeframe1 | ENUM_TIMEFRAMES | PERIOD_H1 | TimeFrame Fibo Level-1 |
max_trade_level1 | int | 10 | |
spt0 | string | =========================================== | |
Trade_in_level_2 | bool | true | |
MagicNumber_level2 | uint | 2222 | |
op5 | string | ---------- Sell_Limit_Pending_Order_Level2 ---------- | |
Sell_Limit_Pending_Order_Level2 | bool | true | |
Sell_Limit_Percent_Target_Profit2 | double | 20 | |
Sell_Limit_Percent_StopLoss2 | double | 20 | |
Sell_Limit_lot_level2 | double | 0.01 |
How to Install It
- 1Download the sourceUse "Download source (.zip)" above, or clone ismail505/fibonacci-Expert- from GitHub, and unzip it.
- 2Open the data folderIn MetaTrader choose File, then Open Data Folder, and go to MQL5/Experts.
- 3Copy the filesCopy the .mq5 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.
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