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Grabber Bot is a fully automated MT5 expert advisor for the M15 timeframe. It waits for price to stretch beyond a Fibonacci-based channel, places limit orders for a reversal and attaches a stop loss to every trade.
Get one message the moment it launches, with its price.
Grabber Bot is an expert advisor for MetaTrader 5 that automates a reversal strategy based on a Fibonacci channel. It runs on the M15 timeframe, waits for price to move to stretched levels, and places pending limit orders instead of entering at market.
The strategy builds a price channel whose boundaries are calculated with Fibonacci ratios. When price pushes beyond the channel extensions and further indicator conditions agree, the EA does not buy or sell straight away. It places a limit order at a level where it expects an overbought or oversold move to turn back into the channel. A trade is only opened if price reaches that order.
After entry, a built-in money management routine handles the position. It includes a trailing mechanism that follows price as it returns towards its weighted average level. If the move loses strength before take profit is reached, the EA can close the trade early rather than wait. Trades are meant to be short, with an average holding time of up to about a day.
The EA is designed for ten instruments and for the M15 chart. It can trade throughout the day, so check that your broker offers the supported symbols and note any suffixes in their names. Spreads, execution speed and swap vary between brokers and can change results, so compare them on a demo account first.
Exact input names and default values are shown in the EA properties after you attach it to a chart. Review them before going live. The table lists the areas you should look at.
| Area | What to check |
|---|---|
| Trade mode | Single trade or up to three trades per instrument |
| Lot size or risk | Fixed volume or risk-based sizing, matched to your balance |
| Symbols | Names must match your broker's symbols, including suffixes |
| Trading hours | Whether any time filters apply to your broker's server time |
Trading carries risk, and you can lose some or all of your deposit. Past results, including any live signal or backtest, do not predict future ones. A stop loss does not rule out slippage or gaps, and a 1:1 ratio still means losing trades will occur. Test on a demo account and use only money you can afford to lose.
Keep the terminal running and connected while the EA is active. A VPS can help with that.
| Product type | Expert Advisor |
|---|---|
| Platform | MetaTrader 5 (expert advisor) |
| Strategy focus | Signals |
| Delivery | Download from your account after purchase |
| License key | Not needed |
| Status | Launching soon |
| Category | Fully automated expert advisor |
| Timeframe | M15 |
| Markets | 10 instruments; check the supported list before use |
| Trade style | Intraday counter-trend reversals using limit orders |
| Trades per instrument | 1 in single mode, up to 3 in multi-trade mode |
| Risk/reward target | 1:1, with adaptive stop loss and take profit |
| Requirements | Algo trading enabled; a VPS is useful for continuous running |
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No. This product is an MT5 expert advisor and will not load in MT4. You need a MetaTrader 5 terminal and an account with a broker that offers MT5.
Any MT5 broker that offers the instruments the EA is designed for should work in principle. Broker symbol names often carry suffixes or prefixes, so check that the symbols in your Market Watch match what the EA expects, and test on a demo account first.
The original description suggests a modest starting balance and leverage of around 1:30, but these are not guarantees of suitability. Position size, margin and contract specifications differ between brokers, so check the input settings and run a demo test before committing real funds.
The EA is designed to watch the market around the clock on M15 charts, so the terminal needs to stay open and connected. A VPS is a practical way to do that, but a stable always-on computer also works.
That depends on the rules of the specific firm, such as daily loss limits, news restrictions and permitted automation. Read those rules carefully and test the EA settings against them on a demo account before using it on a challenge or funded account.
Single mode opens at most one trade per instrument at a time. The multi-trade mode allows up to three simultaneous trades per instrument, which raises exposure and can increase drawdown. Review the input list in the terminal to see how the mode is selected.
Grabber Bot
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