EA Robo Fibo V.11.2 2 5
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called EA Robo Fibo V.11.2 2 5. Judging by its name, it is built around Fibonacci retracement or extension levels. The file name marks it as version 11.2.2. It works with a grid of orders, places pending orders and moves the stop behind price. It has 40 settings, for example Trading Mode (default PendingStopReverse), Use MM (default False) and Risk (default 0.1). Watch it on a demo account for a while — robots can behave differently with each broker. Inside: 1 indicator file with source code (.mq4) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Expert advisor · MT4 · v11.2 · Free
About EA Robo Fibo V.11.2 2 5
EA Robo Fibo V.11.2 2 5 is an expert advisor (trading robot) for MetaTrader 4. It opens a grid of orders at fixed price steps, places pending buy/sell stop or limit orders and moves the stop loss behind price (trailing stop / break-even). It has 40 settings, such as Trading mode, Use mm and Risk. MQL source code included.
It also trades only in the hours you set (time filter), can size trades from your balance and risk percent and has a news filter.
Files in the download: EA RoboFibo v (1) (1).11.2.mq4.
Trading robots can lose money. Check every setting and test on a demo account before using real funds.
Settings
| Setting | Default | What it does |
|---|---|---|
| Trading mode | PendingStopReverse | |
| Use mm | False | |
| Risk | 0.1 | Risk per trade (percent of balance) |
| Fixed lots | 0.01 | Trade size in lots |
| Lots exponent | 1.1 | How much the lot size grows after a loss |
| Use take profit | False | Take profit distance |
| Virtual take profit | False | Take profit distance |
| Take profit | 500 | Take profit distance |
| Use stop loss | False | Stop loss distance |
| Virtual stop loss | False | Stop loss distance |
| Stop loss | 500 | Stop loss distance |
| Use take profit all | True | Take profit distance |
| Take profit all | 20 | Take profit distance |
| Auto target money | False | |
| Target money factor | 20.0 | |
| Target money | 0.0 | |
| Auto stop loss money | False | Stop loss distance |
| Stoploss factor | 0.0 | Stop loss distance |
| Stoploss money | 0.0 | Stop loss distance |
| Use trailing | False | Trailing stop distance or switch |
| Trailing stop | 20 | Trailing stop distance or switch |
| Trailing start | 20 | Trailing stop distance or switch |
| Use virtual trailing | False | Trailing stop distance or switch |
| Virtual trailing start | 10 | Trailing stop distance or switch |
| Virtual trailing stop | 10 | Trailing stop distance or switch |
| Virtual trailing step | 0 | Trailing stop distance or switch |
| Candlestick high low | 500 | |
| Max order buy | 30 | |
| Max order sell | 30 | Maximum number of open trades |
| Pending distance | 20 | Distance between orders |
| Pipstep | 50 | Distance between orders |
| Pipstep exponent | 1.5 | How much the lot size grows after a loss |
| I close | PERIOD_H1 | |
| IRSI | PERIOD_H1 | |
| Ma1 | PERIOD_H1 | |
| Rsi period | 14 | Period or timeframe used by the calculation |
| Maperiod | 60 | Period or timeframe used by the calculation |
| Max spread plus commission | 50.0 | Maximum spread allowed to trade |
| High fibo | 76.4 | |
| Low fibo | 23.6 |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 4 open File → Open Data Folder, then go to MQL4 → Experts.
- Copy the .mq4 file(s) there. Put any .mqh files in MQL4 → Include.
- Open the .mq4 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the expert advisor from the Navigator onto a chart, check the settings, allow Algo/Auto Trading and press OK.
- Test it first on a demo account or in the Strategy Tester.
Tags: Fibonacci · Grid · Pending Orders · Trailing Stop & Break-even · Time Filter · Risk & Lot Size · News Trading · MT4 Indicator · MQL4 Source Code