ForexTrade Save

It is an advanced counter-trend grid Expert Advisor from the FOREXTRADE series using price movement speed, Fibonacci levels and some standard indicators. Indicators Fractals and Moving Average can be used as filters for placing new pending orders or modifying existing ones. The Expert Advisor analyzes the current market behavior and adapts to it by adjusting the pending order placing levels. Trades are closed by a total profit or by trailing stop. The Fibonacci levels are based on the ZigZag indicator. When the wave of Fibonacci levels expand, pending orders are modified according to the new price. The trading is performed both on roll back from a Fibo level (Rebound level) and on level breakthrough (Breakout level). Orders are placed above and below the price level. If the Fibonacci trend line changes, unused orders are removed. The EA can work at a preset time, after which no new orders will be placed and unactivated orders will be deleted. The EA can work on any currency pair. All timeframes are supported. The EA opens deals in Market Execution mode. Take Profit is added after order activation and is modified in accordance with the EA settings.

• Expert Advisor type: counter-trend.
• Deposit: not less than 10,000 units per 0.1 of the standard lot
• Timeframes: from М30 to Н4

Configuration of the Action parameter using the example of Fibonacci levels from 100 to 0:

• Rebound level — if the price is below FiboLevel set in the EA parameters, a pending SELLLIMIT order is placed at this level, if the price is above FiboLevel, a SELLSTOP order is placed.
• Breakout level — if the price is below FiboLevel set in the EA parameters, a pending BUYSTOP order is placed at this level, if the price is above FiboLevel, a BUYLIMIT order is placed.

This EA version contains additional filters and functions.

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