EA RoboFibo v11.2
Logic:
Grid:
- Places buy and sell orders at regular intervals based on market price using a grid trading strategy.
- Orders are placed with a fixed distance (PendingDistance) between them to capture market movements within a specified range.
- The grid levels and lot sizes can be adjusted based on user settings (LotExponent, PipstepExponent).
Order Management:
- Implements money management (MM) to adjust lot sizes based on account balance and risk settings (UseMM, Risk, FixedLots).
- Trades within specified hours (StartHour, StartMinute, EndHour, EndMinute).
- Uses magic number to identify and manage trades specific to the EA (MagicNumber).
- Uses a news filter to avoid trading during high-impact news events.
Indicators Used:
- RSI (Relative Strength Index) to confirm trading signals (IRSI, RSIPeriod).
- Moving Average (MA) to identify trend direction (ma1, maperiod).
Scalping:
- Places quick trades to capture small price movements within a short period.
- Uses tight stop loss (SL) and take profit (TP) levels to manage risk and secure profits.
Martingale:
- Adjusts lot size based on account balance and risk.
- Increases lot size using a Martingale strategy if previous trades exist (LotsExponent, PipstepExponent).
Profit Protection:
- Closes all trades if the daily profit target is met (UseTakeProfitAll, TakeProfitAll).
- Monitors total profit from open trades and closes them if the profit exceeds a predefined amount.
Trailing Stop:
- Adjusts stop loss to secure profits when the price moves favorably (UseTrailing, TrailingStop, TrailingStart).
- Supports both standard and virtual trailing stops (UseVirtualTrailing, VirtualTrailingStart, VirtualTrailingStop).
Fibonacci Levels:
- Uses Fibonacci retracement levels to identify potential support and resistance levels (HighFibo, LowFibo).
News Filter:
- Avoids trading during high-impact news events (NewsFilter, MinimumImpactNews, DisableMinBeforeNews, EnableMinAfterNews).
