Range Bar Fibonacci EA

This EA was developed to trade using range bars. It looks at the last closed range bar and can enter positions based on price pull back at selected fib levels. It uses the 100% level of the closed bar as the stop loss and 0% of the closed bar as the take profit.

Here are the inputs of the EA:

 

1. Use retracement level 1, level 2, level 3, level 4, level 5 - true/false
2. Slippage
3. MM to allow manual position size at each level or a risk percent at each level
4. MultiDirectional allows to be short and long simultaneously if a qualified trade - true/false
5. ScreenDisplay shows statistics for closes trades for each fib level

The Range Bar Fib EA works on an offline chart produced from a range bar EA or script. You can download a free EA or script to create the offline range bars from FF or the web. The cost of the Range Bar Fib EA is $59.00 (all sales are final) for the EX4 file via bitcoin and you can request it by PM.

Disclaimer: Each user will input their own personal settings. You are responsible for all wins and losses occurred using this EA. To be used with a non-FIFO broker.


Note: Do not make changes after the EA is enabled. Disable trading and remove the EA from the chart and then reload EA on chart with new settings. This should also be done at the end of the week and then reload EA at the start of the new trading week. UniqeID should be entered in multiples of 100 for each pair if more than 1 currency pair is used. Ex: 101, 201, 301, 401, etc...

Here are results today based off a 100 pip range bar on the EUR/USD with all 5 fib levels enabled. The MM was set to false using manual lot sizes ranging from .1 at 23.6% through .5 at 76.4%. This posting is for demonstrating purposes only.

Trade date: 8/5/11
Pairs: EURUSD & GBPUSD
Range: 100 pips
Fib levels: 1,2,3,4,5
MM: .1 - .5 lots

hi

can you offer some trial days?

Sorry Stax, the EA does not have an expiration period coded into it so I could not offer a trial period.

Trade date: 8/12/11
Pairs: EURUSD
Range: 15, 20, 25, 30, 35, 40, 45, 50 pips
Fib levels: 1,2,3,4,5
MM: .1 - .5 lots
PnL: $826

Closed trades from above post.

Of course you can backtest EA´s on Renkos or Range Bars on MT4 , here is a short tutorial



Would be nice to see a BT of this Strat

Thanks for the post. I based my statement from what my programmer told me. I guess they are unaware that it can be done. I'll forward this to them and see if they can do it.

Hello sir sir show me u r statement form 4 month and what u r price and how much i get % monthly

Been busy with life & other projects so sorry for the late reply. Just starting running the EA again this week. Goal is 3-5% a week with the 6 majors. Once that is reached more or less I will close all open trades and disable the EA until next week.

Weekly performance (9/28 - 10/3): 7.8%
Drawdown: 2.3%
Profit Factor: 3.27
Pairs: 6 Majors
Range bar: 100 pips
Fib levels: 1,2,3,4,5
MM: .05 lots - fixed

Is this EA still available for purchase?

Thanks in advance,
Michael

Hello Michael. Yes, the price is $59. You are welcome to follow along as I post the weekly results before making a decision.

I'd like to go ahead and purchase it. Do you have a website or how can I pay for it?

Thanks in advance,
Michael

Please email [email protected] and request the EA. Thank you

Closed out all trades for the week due to reaching weekly goal.

Total performance: (9.28-.14 - 10.10.14): 15.27%
Weekly performance (10.5.14 - 10.10.14): 6.85%
Max Drawdown: .82%
Profit Factor: 9.32
Pairs: 6 Majors
Range bar: 100 pips
Fib levels: 1,2,3,4,5
MM: .05 lots - fixed

Note: All the small losses at the top of the statement are a mistake on my part as I didn't enable some of the EA settings when turning it back on for the new week.

Do these results use the settings shown above from Oct. 2, 2014?

Thanks,
Michael

The settings I am using are posted under the weekly performance in each of the post.

I'm getting a few request about the EA and it seems most are new to currency trading. You need to learn how to setup an EA and create offline charts by utilizing the resources here on FF or the web. Please make sure you have a good understanding of how to do this before requesting to buy the Range Bar Fibonacci EA. Thank you to all that have purchased.

I just purchased the EA, can I ask which timeframe of offline chart did you use for this statement? Is it M2?