Fibonacci Grid EA
From the Old Kings archive: Fibonacci Grid EA, a script for MetaTrader 4. Judging by its name, it is built around 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 has 6 settings, for example No Of Bar Back4H (default 160), Kperiod (default 6) and Dperiod (default 3). Scripts run once when you drop them on a chart; try it on a demo account first. 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.
Script · MT4 · v1.0 · Free
About Fibonacci Grid EA
Fibonacci Grid EA is a script for MetaTrader 4 based on Stochastic and Fractals. It has 6 settings, such as No of bar back4 h, Kperiod and Dperiod. MQL source code included.
Files in the download: Fibonacci Grid EA.mq4.
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 |
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 → Scripts.
- 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 script onto a chart to run it once.
Tags: Grid · Fibonacci · Stochastic · Fractals · MT4 Expert Advisor · MQL4 Source Code