Fibonacci EA 4
From the Old Kings archive: Fibonacci EA 4, an expert advisor (trading robot) for MetaTrader 4. As the name suggests, the idea behind it is Fibonacci retracement or extension levels. It has 2 settings, for example Magic Number (default 12345,OpenOrdersLimit=1) and Lots (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 · v1.0 · Free
About Fibonacci EA 4
Fibonacci EA 4 is an expert advisor (trading robot) for MetaTrader 4. It has 2 settings, such as Magic number and Lots. MQL source code included.
Files in the download: Fibonacci_EA.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 |
|---|---|---|
| Magic number | 12345,OpenOrdersLimit=1 | Magic number that tells this EA's orders apart |
| Lots | 0.1 | Trade size in lots |
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 · MT4 Indicator · MQL4 Source Code