MA C-Fibo EA
This professional-grade solution for MetaTrader 4 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use MA C-Fibo EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
NOTE: Trade on real account at your own risk. This EA is not profitable in long term.
EA based on MACFibo trading strategy. Indicator is .
More details about this strategy can be found and babypips forum .
SHORT SIGNAL:
When 5EMA crosses 20SMA down: Draw 2 points as below: POINT A; Candle close price that confirmed the downside crossover POINT B: highest price of the current wave prior to the crossover, Profit Target: @ 161.8 fibo level Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.
Long SIGNAL: When 5EMA crosses 20SMA up: Draw 2 points as below: POINT A; Candle close price that confirmed the upside crossover POINT B: lowest price of the current wave prior to the crossover, Profit Target: @ 161.8 fibo level Stop Loss: maximum 38.2 (minimum @ 78.6) based on your risk appetite.
Exit mechanism for losing trades, if stoploss yet to hit: if 5EMA cross 8SMA in direction opposite of your open trade.
