Phone:+44 2033228473

Email:Support@fxpromax.com

Fibonacci Retracement Trader

$450.00

Compare
Category:

Share this product

Description

The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).

First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.

  • If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending.
  • If the last High is lower than the previous and the last Low is lower than the previous, the EA considers the trend to be descending.
  • If the last High is higher (lower) than the previous and the last Low is lower (higher) than the previous, the EA considers the trend to be flat and does not trade.

Reviews

There are no reviews yet.

Be the first to review “Fibonacci Retracement Trader”