Fibot Fibonacci EA

Free Fibonacci retracement EA · 38.2% pullback · H1/H4/D1 · 60+ settings · MT4

About Fibot Fibonacci EA

The Fibot Fibonacci EA is a free-to-download automated trading robot for MetaTrader 4, available on the MQL5 Market (product/78309) and distributed via lucyforex.com and forexcracked.com, trading solely based on the famous Fibonacci retracement levels — specifically the popular 38.2% retracement level. The EA first identifies the overall trend, then waits for a pullback toward the 38.2% Fibonacci level before opening a buy or sell trade aligned with that trend.

Fibot offers considerable flexibility with over 60 configurable settings, letting traders efficiently manage their strategy parameters. It can trade both with or without a martingale system, using hard Stop Loss and Take Profit settings when opening a single trade, and operates across multiple timeframes including H1, H4, and D1.

Platform: MetaTrader 4
Strategy: Fibonacci 38.2% retracement pullback entries, trend-aligned
Timeframes: H1, H4, D1
Settings: 60+ configurable parameters
Risk approach: Optional martingale, or hard SL/TP single-trade mode
Price: Free
Source: mql5.com/en/market/product/78309

Key Features

✓ Classic Fibonacci strategy — objective, trend-aligned entries at the well-established 38.2% retracement level

✓ Extensive customisation — over 60 settings for fine-tuning strategy behaviour

✓ Free — no purchase cost, available directly on the MQL5 Market

✓ Multi-timeframe — H1, H4, D1 support for different trading styles

⚠ Test thoroughly on a demo account first to fully understand behaviour, especially if enabling the martingale option

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