AmazingFiboEA is a sister EA to the infamous AmazingEA: Automated Straddle Trading Expert Advisor (see https://www.forexfactory.com/showthread.php?t=597450).
This EA uses similar technology as AmazingEA such as the ability to download the calendar from Forex Factory and set parameters from a CSV file (spreadsheet) but is very different in execution.
It even managed to sell here ! This trade hit TP. See https://www.forexfactory.com/alan111s#acct.14-tab.list-ticket.44252787
First of all, it doesn't place any orders at all until at least 5 minutes after a news event.
Secondly, it doesn't use Stop Orders only Limit Orders, so it is not affected by Slippage or excessive Spread or any other Broker tricks.
Thirdly, Stop Losses are not moved and there is no concept of Break Even or Trailing Stops. Take Profit is set and adjusted using a Fibonacci algorithm.
Lastly, it may not trade at all unless there is a reasonable reaction to the News or whether the Trades are set to AllowBuys or AllowSells in the CSV. Only a very few News events are configured to False right now.
I believe that this EA will be Unique in the EA market. There are 'News EAs' and there are 'Fibonacci EAs' but I don't know of any that combine both to make trading decisions.
Try it on Demo. As it is not affected by Slippage or Broker tricks, it is likely to give true indication of profitability on a Demo account. Send me a message if you are interested in purchasing.
This EA uses similar technology as AmazingEA such as the ability to download the calendar from Forex Factory and set parameters from a CSV file (spreadsheet) but is very different in execution.
It even managed to sell here ! This trade hit TP. See https://www.forexfactory.com/alan111s#acct.14-tab.list-ticket.44252787
First of all, it doesn't place any orders at all until at least 5 minutes after a news event.
Secondly, it doesn't use Stop Orders only Limit Orders, so it is not affected by Slippage or excessive Spread or any other Broker tricks.
Thirdly, Stop Losses are not moved and there is no concept of Break Even or Trailing Stops. Take Profit is set and adjusted using a Fibonacci algorithm.
Lastly, it may not trade at all unless there is a reasonable reaction to the News or whether the Trades are set to AllowBuys or AllowSells in the CSV. Only a very few News events are configured to False right now.
I believe that this EA will be Unique in the EA market. There are 'News EAs' and there are 'Fibonacci EAs' but I don't know of any that combine both to make trading decisions.
Try it on Demo. As it is not affected by Slippage or Broker tricks, it is likely to give true indication of profitability on a Demo account. Send me a message if you are interested in purchasing.
Attached File(s)
AmazingFiboEA 4-06.zip
302 KB
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615 downloads
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Uploaded Jul 6, 2022 12:52am
AmazingFiboEA-Settings.zip
18 KB
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336 downloads
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Uploaded Nov 10, 2022 4:19am