Fibonacci Lines Metatrader 4 Forex Robot

The Fibonacci lines Metatrader 4 Forex Robot is an algorithmic trader that draws Fibonacci lines on the activity chart while using its price breakout characteristics to determine buy and sell market signals.

The Fibonacci lines forex robot goes a step further to adopt the Fibo lines and moving averages within its lines of codes.

This combo increases the probability of winning trades.

More so, the EA functions as a filter, offering traders the possibility to limit the maximum risk for each trade (as defined by the “MaximumRisk” value within the EAs inputs variable).

Free Download

Download the “Fibo.mq4” MT4 robot

Strategy Tester Report

Find below the Fibonacci lines robot strategy tester report for the EUR/USD forex pair on the Daily chart.

Overall Performance

The EA made a total profit of $27636.37 from a total of 134 trades. The largest winning trade generated $3125.87 in profits while the largest losing trade generated a loss of-$3046.67.


Bars in test: 2587 ticks modelled

Initial deposit: $10000.00

Total net profit: $27636.37

Total trades: 134

Largest profit trade: $3125.87

Largest loss trade: -$3046.67

Consecutive wins: 8

Consecutive losses: 1


Download the “Fibo.ex4” Metatrader 4 robot

MT4 Forex Robot Characteristics

Currency pairs: Any

Platform: Metatrader 4

Type: Expert advisor

Input Parameters: FIBO color, Enable “no loss”, When to move break even, How much pips to move sl, Lots size, MaximumRisk, DecreaseFactor, TrailingStop, Stop Loss, MagicNumber, TakeProfit, FastMA, SlowMA, Momentum_Sell, Momentum_Buy

Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month

Type: Fibonacci | MA


Copy and paste the Fibo.mq4 into the MQL4 Experts folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Experts (paste here)