Trend catcher Fib ea (trend catcher fib ea) | Foreign exchange EA download - MT4/MT5 resources
I have been trading this system for a few months and have been profitable, so I decided to code it into an EA. Thinking there is someone out there who can make things better. I have set a no trading time on Friday at 14:00 and no trading within X hours of opening and added a news filter.
The system works by drawing the Fib of the previous day's high and low and taking long trades when the candle closes above the 100 level and vice versa for short trades.
Give it a go and you will see. Also, sl is calculated as a level percentage between 100 and 61.8.
It also has tp 1 and tp2 plugins that can be turned off
The system works by drawing the Fib of the previous day's high and low and taking long trades when the candle closes above the 100 level and vice versa for short trades.
Give it a go and you will see. Also, sl is calculated as a level percentage between 100 and 61.8.
It also has tp 1 and tp2 plugins that can be turned off
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