Fibo Pivot Expert Advisor 5
Fibo Pivot Expert Advisor 5 is an expert advisor (trading robot) for MetaTrader 4 from the Old Kings collection. As the name suggests, the idea behind it is pivot points (daily or weekly support / resistance levels) and Fibonacci retracement or extension levels. It has 4 settings, for example TP (default 50), SL (default 25) and Lots (default 0.01). Before any live use, test it on a demo account and check its lot size, stop loss and trading hours. Inside: 1 EA 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 · v1.0 · Free
About Fibo Pivot Expert Advisor 5
Fibo Pivot Expert Advisor 5 is an expert advisor (trading robot) for MetaTrader 4. It has 4 settings, such as TP, SL and Lots. MQL source code included.
Files in the download: Fibo Pivot Expert Advisor.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 |
|---|---|---|
| TP | 50 | Take profit distance |
| SL | 25 | Stop loss distance |
| Lots | 0.01 | Trade size in lots |
| Magic | 69 | Magic number that tells this EA's orders apart |
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 · Pivot Points · MT4 Expert Advisor · MQL4 Source Code