Forex Fibo Scalper Pro Robot

Forex Fibo Scalper Pro Robot review:

The Fibo Scalper Pro Expert Advisor is designed for automating the most popular Fibonacci trading strategies with hidden stop loss. The hidden stop loss is a great technique for scalping traders who like to hide stop loss from market maker brokers. It is automatically shown when profit is gained, because it is moving to save your profits, as well as RSICCI and Stochastic indicators implemented to filter your signals.

Features

  • Proper risk management system.
  • Few ways to set take profit level.
  • Hidden stop loss automatically moves to protect profit.
  • Most popular indicators are used to filter signals.
  • Fast activity.
  • Notification alerts.
  • Other trades that were opened manually, by signals and EAs are secure due to the EA’s own Magic Number.

Test results:

Forex Fibo Scalper Pro Robot

Parameters:

  • Trading
    • Lots – lot size
    • Lot Management – enable/disable lot management system
    • Maximum Risk – maximum risk from total margin in %
    • Decrease Factor – number of consecutive losing trades for decreasing the lot size
    • Trailing Stop – number of pips in profit to activate the trailing stop (pips)
    • Stop Loss – stop loss (pips)
    • Take Profit – take profit (pips)
    • Take Profit By Level 127.2 – take profit set by Fibo level 127.2
    • Take Profit By Level 161.8 – take profit set by Fibo level 161.8
    • Allow Buy Orders – enable/disable buy orders
    • Allow Sell Orders – enable/disable sell orders
    • Magic Number – number for each symbol window and trade type you run the EA on simultaneously
  • Fibonacci Parameters
    • Fibo Levels
      • Level 0 – Fibo level 0 [0.0]
      • Level 1 – Fibo level 1
      • Level 2 – Fibo level 2
      • Level 3 – Fibo level 3
      • Level 4 – Fibo level 4
      • Level 5 – Fibo level 5
      • Level 6 – Fibo level 6 [100.0]
      • Level 7 – Fibo level 7
    • Fibo Level Filters
      • Level 0-7 – Activate/ Deactivate Fibo levels
    • Fibo Other
      • Additional Level Touch Mode – open trades when touched before several pipes from a Fibo level
      • Distance For Additional Level – distance for additional level by pips
      • Auto Adjust – Activate/ Deactivate, Automatically adjust function
      • Shift – Draw Fibonacci between last bar and given bar (Default: 0 = Window First Visible Bar)
  • CCI signal filter
    • Activate – enable/disable CCI filter
    • Level – CCI level for open order
    • Averaging Period – averaging period for calculation
    • Applied Price – applied price
    • Shift – index of the value taken from the indicator buffer
  • RSI Signal Filter
    • Activate – enable/disable RSI filter
    • Overbought Level – RSI level for opening a sell order
    • Oversold Level – RSI level for opening a buy order
    • Averaging Period – averaging period for calculation
    • Applied Price – applied price
    • Shift – index of the value taken from the indicator buffer
  • Stochastic signal filter
    • Activate – enable/disable Stochastic filter
    • Overbought Level – Stochastic level for opening a sell order
    • Oversold Level – Stochastic level for opening a buy order
    • K Period – averaging period (bars count) for the %K line calculation
    • D Period – averaging period (bars count) for the %D line calculation
    • Slowing – slowing value
    • Method – averaging type
    • Price Field (0 or 1) – parameter of price selection for calculations
    • Shift – index of the value taken from the indicator buffer
  • Graphic Parameters
    • Line style – Fibonacci line style
    • Line Width – Fibonacci line width
    • Line Color – Fibonacci line color

Download our other Free Forex Robots For Metatrader 4

Installation

Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)

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