Fibonacci Lines - MetaTrader 4 Expert - MQL5 #24845 - MT4/MT5 Resources
The "Fibo" EA draws Fibonacci lines on the chart and trades on price breakouts, with trailing Stop Loss and Take Profit available on all timeframes for major Forex pairs and Nasdaq stocks.
Attachment download
📎FIBO1.mq4 (102.09 KB)
Source: MQL5 #24845
Fibonacci Lines - MetaTrader 4 Expert - MQL5 #24845 Usage and Filtering Advice
Fibonacci Lines - MetaTrader 4 Expert - MQL5 #24845 belongs to MT4 EA 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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