Skip to content

Fibonacci Metatrader 4 Forex Robot

    The Fibonacci Metatrader 4 Forex Robot is an algorithmic trading software that enter trades when there is a price retracement from Fibonacci levels.

    The Fibonacci expert advisor is based on a popular Fibonacci strategy and uses the basic Fibonacci levels: 23.6%, 38.2%, 50.0%, 61.8% and 100.0%.

    Fibonacci levels are usually used to spot levels of price resistance and support on currency charts.

    This robot takes it a step further by turning them into autopilot entry and exit points via the use of an algorithmic model.

    In a nutshell, this EA is simple to implement and holds a few settings which are easy to grasp.

    Free Download

    Download the “FIBONACCI V1.mq4” MT4 robot

    Strategy Tester Report

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

    Overall Performance

    The EA made a total profit of $10026.37 from a total of 209 trades. The largest winning trade generated $561.48 in profits, while the largest losing trade generated a loss of-$439.66.


    Bars in test: 2048 ticks modelled

    Initial deposit: $10000.00

    Total net profit: $10026.37

    Total trades: 209

    Largest profit trade: $561.48

    Largest loss trade: -$439.66

    Consecutive wins: 4

    Consecutive losses: 1


    Download the “FIBONACCI V1.ex4” Metatrader 4 robot

    MT4 Forex Robot Characteristics

    Currency pairs: Any

    Platform: Metatrader 4

    Type: Expert advisor

    Input Parameters: 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, Distance, 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


    Copy and paste the FIBONACCI V1.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)

    Share this post!