Fibonacci Grid EA 2
This Old Kings expert advisor (trading robot) for MetaTrader 4 is called Fibonacci Grid EA 2. As the name suggests, the idea behind it is Fibonacci retracement or extension levels and a grid of orders at fixed price steps. In the code it works with the Stochastic oscillator and fractals. It can size trades from your risk. It has 10 settings, for example No Of Bar Back4H (default 160), Kperiod (default 6) and Dperiod (default 3). 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 Fibonacci Grid EA 2
Fibonacci Grid EA 2 is an expert advisor (trading robot) for MetaTrader 4 based on Stochastic and Fractals. It can size trades from your balance and risk percent. It has 10 settings, such as No of bar back4 h, Kperiod and Dperiod. MQL source code included.
Files in the download: Fibonacci Grid EA_1.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 |
|---|---|---|
| No of bar back4 h | 160 | |
| Kperiod | 6 | Period or timeframe used by the calculation |
| Dperiod | 3 | Period or timeframe used by the calculation |
| Slowing | 3 | |
| Ma method | 0 | |
| Price field | 0 | |
| Stop loss | 50 | SL |
| Take profit | 39 | Take profit distance |
| Lots | 0.1 | . |
| Prots | 0.07 |
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: Grid · Fibonacci · Risk & Lot Size · Stochastic · Fractals · MT4 Expert Advisor · MQL4 Source Code