DivToFibo EA

DivToFibo is a traditional medium-term Expert Advisor that is able to work with any currency pair and has low requirements to trading conditions. Its strategy is based on trend rollback towards the Fibo levels when a divergence is formed. Wide settings of trend and divergence search help to successfully avoid false signals. By default, the EA uses a fixed stop loss and a dynamic take profit.

Key Advantages of the EA

• medium-term trading, not scalping
• clear logic
• not use martingale
• trades any pair
• tolerant to spread/execution
• uses a fixed stop-loss

Requirements

• Minimum deposit: $1000 ($10 for a cent account)
• Account type: any
• Currency pairs: all pairs formed by AUD, EUR, GBP, USD, CAD, CHF, JPY and NZD (28 pairs in total)
• Timeframe: M15

Setup

Attach the EA to all supported pairs for best diversification of trading.

To use the EA with the recommended parameters for calculating the trend and divergence, enable the use of internal parameters of the EA (UseInnerPresets = true).

To use recommended stop loss parameters, set the following values:

UseFixedSL = true

SL_CalcMethod = In % of trend size

SL_CalcFrom = Last fractal price

Select the optimal risk parameters for each account individually, considering the preferred aggressiveness of trading. Risk = 0.2 at a leverage of 1:500 correspond to a moderate risk.

Detailed description of all parameters is available in a separate file:

https://www.mql5.com/en/market/product/24179#!tab=comments&page=8&comment=7698669

The Expert Advisor automatically detects the number of digits in the quotes. Attached and integrated presets are suitable for any account type with 4 or 5 digit quotes.