Order At Fibonacci Level

The fib is already drawn over the swing; the plan is "buy the 61.8". Between that plan and a correct order ticket sit two traps this script exists to avoid. The first is trusting the drawing. The level lines of a fib object are user property - people add 78.6, delete 23.6, or type custom values into the levels tab, and a template can restyle them wholesale. A script that hunts for the drawn line labelled "61.8" finds whatever the object happens to contain today. This script reads only the two anchor points and computes the level price from them, using the platform's own convention: 0% sits at the second anchor (the end of the swing), 100% at the first. The log prints the object's whole configured level list next to the prices computed from the anchors, so any disagreement is visible before an order exists. The second is ambiguity about WHICH fib. Charts accumulate objects. Given a name, the script uses exactly that object and nothing else. Given no name, it takes the most recently drawn fib - and prints every candidate with its creation time and anchors, so the choice is auditable rather than silent. Ties (charts restored from templates can carry equal creation times) break towards the fib whose anchors reach the most recent bars. The order itself follows the geometry: you state the direction, and the type - stop or limit - is derived from the level's side of the market, overridable but never silently contradicted. The computed price is snapped to the broker's tick grid, checked against the minimum stop distance, and confirmed to you with the swing and percentage spelled out before anything is sent. A custom percentage below 5 is refused as the classic "0.618 typed instead of 61.8" slip. Notes and limitations - The script must run on the chart the fib is drawn on. Objects do not exist across charts. - The level price is computed once, at run time. Re-anchoring the fib afterwards moves nothing - the order does not follow the drawing. - Only OBJ_FIBO retracement objects are considered. Fib expansions, fans, arcs and time zones are different objects with different geometry and are deliberately not guessed at. - A level closer to the market than the broker's minimum stop distance is refused with both numbers printed. - The order is GTC: no expiry, survives restarts, until filled or deleted. - "Most recent" means most recently created on this chart. If in doubt, name the object explicitly - the log shows every candidate precisely so you can.

Script · MT5 · v1.0 · Free

Tags: Fibonacci · Pending Orders · MT5 Script · MQL5 Source Code

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