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Robofibo is an Expert Advisor with a fairly complete set of functions. This trading robot can be used for averaging, martingale, scalping, hedging and even day trading with a fixed or trailing stop.

SPECIFICATIONS:
Developer price: 350.00 USD FREE for you
Terminal: MT4
Currency pair: EurUsd
A type: Martingale, Grid, Scalper, Hedging
Timeframe: H1
Recommended brokers: ALPARI, WForex,  Amarkets
For advisor recommended to use VPS 24/5: Zomro

LAST ROBOFIBO UPDATE ADDED:

  • Auto Stoplevel regulates the Stoplevel broker.
  • Virtual trailing of all orders
  • Trailing all deals
  • News filter
  • Fixed lot size bug
robofibo v11 screen

TRADING STRATEGY:
The trading system used by the robot is to use Fibonacci retracement retracements and reversals, which are very common in the market for all pairs. In the last update of the advisor.

Fibonacci Swing Up
Fibonacci Swing Down

This happens very often in markets where, in a sideways movement or in a trend, the price always retraces to the critical Fibonacci retracement area of ​​38.2% – 61.8%, and even a reversal may occur, this happens after the market makes a maximum and minimum of fluctuations … If the price rolls back, we can make a profit.

To place a positional order, the EA uses a dynamic pending stop order and a dynamic pending limit order. With this method, pending orders can be opened at market prices.

Robofibo v.11 has much better signal accuracy than the previous version, because in addition to using Fibonacci retracements, it also takes into account signals from candlestick patterns, RSI, as well as EMA for market trends.

SETTINGS:

robofibo v11 settings

BACKTEST RESULTS

Fibonacci test
Fibonacci test 1

RECOMMENDATIONS:

  • Currency pairs: EURUSD or any;
  • A minimum balance of $ 1000 (first test for at least 3 months to find the minimum capital), you can try to start with $ 100 on one EURUSD pair, but the drawdown will still be large.
  • If using a cent UseMM account, set to true. 
    If 7 pairs = eurusd, eurjpy, eurchf, gbpusd, usdjpy, audusd, usdcad with UseMM, set the risk to 0.1.

Download ROBOFIBO V.11