ZZ Fibo Trader - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resources
ZZ Fibo Trader Expert Advisor is designed to illustrate how to use the indicator in the simple ZZ Fibo Simple Trading System.
This Simple ZZ Fibonacci is designed for use by trading experts. Information about the price values corresponding to the drawn Fibonacci levels is stored to the indicator buffer (from 2 to 8), from where they can be copied to experts.
The EA opens a position after a reverse breakout at the top, which is the simplest false breakout filter.
To close a position, the EA uses Wilder's Price Tracking Parabolic System (SAR).
Attachment download
📎zzfibotrader.mq5 (14.48 KB)
Source: MQL5 #16027
ZZ Fibo Trader - MetaTrader 5 Expert | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
ZZ Fibo Trader - MetaTrader 5 Expert | Foreign Exchange Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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