Forex Fibonacci EA
Modified Fibonacci retracement/extension strategy v2.83 · All timeframes · MT4
About Forex Fibonacci EA
The Forex Fibonacci EA (v2.83), distributed via eafxstore.com and reviewed on Forex Peace Army and bestforexeas.com, is a MetaTrader 4 Expert Advisor built on a modified Fibonacci retracement/extension strategy. It's designed to detect strong, often "invisible" support and resistance levels that price data from two prior trading days reveals, then trade around those levels.
Risk management includes a continuous stop-loss strategy, take-profit, and spread protection, and it automatically calculates lot size based on the trader's account funds. It's designed to operate across all timeframes.
- Platform: MetaTrader 4
- Strategy: Modified Fibonacci retracement/extension, using prior 2-day price data
- Timeframes: All
- Risk management: SL, TP, spread protection, auto lot-sizing by account balance
- Version: 2.83
- Source: eafxstore.com · Forex Fibonacci EA v2.83 MT4
Key Features
✓ Automatic lot-sizing based on account balance reduces manual position-sizing errors
✓ Spread protection helps avoid poor-value entries during volatile/widened-spread conditions
⚠ Fibonacci-based levels are probabilistic reaction zones, not guaranteed reversal points — backtest across multiple market regimes