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Fibonacci Arman EA4 is an MT4 expert advisor that uses Fibonacci levels drawn from the previous candle to time entries on GBP pairs, mainly on the M5 chart. It runs without a fixed stop loss or take profit and relies on its own exit and safety inputs.
Get one message the moment it launches, with its price.
Fibonacci Arman EA4 is an expert advisor for MetaTrader 4 that looks at the Fibonacci levels of the previous candle and uses them to decide when to open a position. It is designed for a small group of GBP currency pairs and works mainly on the five-minute chart.
At each new bar the EA takes the range of the previous candle, calculates Fibonacci retracement levels from it and watches for price to reach those levels. When its entry condition is met, it opens a trade. The strategy is tagged as volume-based, and it can open further positions as price moves away, with the distance between them set by the Step input.
The author describes a very small profit target per cycle, roughly seven points, and the EA is meant to work on one of the three pairs at a time until that cycle is closed in profit. TakeProfit and StopLoss are not used in the normal setup, so the position management comes from the EA logic and the protective inputs listed below.
The inputs below are the ones the author documents. Exact default values can differ, so read them in the input window after you attach the EA.
| Input | Purpose |
|---|---|
| Lot1 | Manual lot size |
| Auto_Lot | True calculates the lot from your risk preference; false uses Lot1 |
| Max_Risk | Risk as a percentage of equity when auto lot is on; higher values mean larger lots |
| TakeProfit / StopLoss | Intended to stay at 0 |
| Loss_USD | Closes all trades at this dollar loss; 0 disables it |
| Max_Open | Maximum number of open trades |
| Max_SPREAD | No new trades while the spread is above this value |
| Step | Distance between consecutive trades |
| Time_Start / Time_End | Trading window |
| Continuous_trading | True keeps running; false removes the EA after the basket closes in profit |
| Magic_Number | Identifier for the EA's orders |
Running without a stop loss and opening several positions in a row means that a trend against the basket can produce a large floating loss. Think carefully about Max_Open, Max_Risk and Loss_USD, and begin with the smallest lot on a demo account. The author suggests a deposit of about 1000 USD or equivalent and leverage of 1:400 or more, but you should check these against your broker's rules.
Trading carries risk, and you can lose some or all of your capital. Past results do not predict future ones. Test on a demo account first and only trade with money you can afford to lose.
Repeat steps 4 to 6 for each of the other pairs, keeping the settings identical, and use a broker with tight spreads so the spread filter does not block most signals.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 4 (expert advisor) |
| Strategy focus | Volume |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Expert advisor, volume-tagged strategy |
| Markets | GBPUSD, GBPJPY, GBPAUD (currency pairs only) |
| Timeframes | M5 primary, M30 also listed |
| Trade style | Fibonacci-based entries, several consecutive positions, small profit target |
| Stops | TakeProfit and StopLoss inputs are meant to stay at 0 |
| Suggested account | Low-spread account, leverage 1:400 or more, around 1000 USD or equivalent |
| Minimum lot | 0.01 lot suggested as a starting size |
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No. This product is built for MetaTrader 4 only. It will not load in MetaTrader 5, so check which platform your broker account uses before buying.
The author lists GBPUSD, GBPJPY and GBPAUD, with the M5 chart as the main timeframe and M30 also mentioned. The idea is to attach the EA to all three pairs with identical settings. Test on your own broker's data before using real money.
The author advises leaving both TakeProfit and StopLoss at 0, because the EA manages its own exits. Because of that, you should look carefully at Loss_USD, Max_Open and your lot size, which are the inputs that limit exposure.
A low-spread account is important, since the EA stops opening trades when the spread passes the Max_SPREAD value. The author suggests leverage of 1:400 or higher and a deposit of about 1000 USD or equivalent. Confirm the details with your broker and test on a demo account first.
Open MetaTrader 4, choose File then Open Data Folder, and copy the downloaded EX4 file into MQL4/Experts. Restart the terminal or refresh the Navigator, drag the EA onto a chart, and enable Algo Trading.
No. Trading carries risk, and past results do not predict future ones. Treat any backtest or demo result as a guide only.
Fibonacci Arman EA4
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