The 3 Moving Average Fibonacci Metatrader 4 Forex Robot is based around three moving averages and Fibonacci extensions to open buy/sell trades on autopilot.
Consequently, the 3 Moving Average Fibonacci forex robot is not suitable for long term trading and should rather be deployed for intraday and swing trading.
It takes advantage of shorter-term market moves.
Seemingly, the robot is designed to look at the last 2 bars for onward determination of trend.
The EA can trade practically on all time frames up to H1, as well as on major currency pairs like the EUR/USD, GBP/USD, USD/CAD, USD/JPY,…
Download the “MACFibo_-EA_v1_1.mq4” MT4 robot
Strategy Tester Report
Find below the 3 Moving Average Fibonacci robot strategy tester report for the EUR/USD forex pair on the 1-Hour chart.
The EA made a total profit of $440.42 from a total of 123 trades. The largest winning trade generated $96.45 in profits while the largest losing trade generated a loss of-$51.60.
Bars in test: 3016 ticks modelled
Initial deposit: $10000.00
Total net profit: $440.42
Total trades: 123
Largest profit trade: $96.45
Largest loss trade: -$51.60
Consecutive wins: 2
Consecutive losses: 2
Download the “MACFibo_-EA_v1_1.ex4” Metatrader 4 robot
MT4 Forex Robot Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Expert advisor
Input Parameters: Trade_Time, StartHour, EndHour, FridayTrade, MondayTrade, MA_Params, MA_Mode_Types, Fast_MA, Fast_Mode, SlowMA, Slow_Mode, Mid_MA, Mid_Mode, Trade_Parms, Lots, Min_TP, Max_SL, MagicNum, MaxOpnPos, Long_Entry, Clr, Sht_Entry_Clr, Close_at_fastXmid
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Type: MA | Fibo
Copy and paste the MACFibo_-EA_v1_1.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)