Description

Fibonacci Retracement Continuation EA

Short Tagline: A trend-continuation strategy that enters at Fibonacci retracement levels of the most r…

Short Description:
Fibonacci Retracement Continuation EA is a fully automated trend continuation / pullback. Expert Advisor for MT4 and MT5. A trend-continuation strategy that enters at Fibonacci retracement levels of the most recent impulse leg. Built-in risk controls and market filters keep execution disciplined across live and demo accounts.

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Overview

A trend-continuation strategy that enters at Fibonacci retracement levels of the most recent impulse leg. In an established trend, price pulling back to the 50%-61.8% zone offers a high-probability continuation entry toward new extremes.

Features

• Auto Fibonacci from the last swing leg
• EMA100 (trend filter)
• RSI(14) for reaction confirmation
• Configurable stop-loss, take-profit, and trailing logic
• Session, spread, and news-time filters for disciplined execution
• One-trade-per-bar / duplicate-signal protection
• Clean, single-file MQL4 and MQL5 implementations
• No hidden logic — every input is exposed and documented
• No martingale, no grid, no hidden recovery logic

Trading Strategy

Entry logic: – Identify the last impulse leg (swing low to swing high in an uptrend).

• Long: price retraces into the 50%-61.8% zone while price > EMA100, and a bullish reaction candle prints (with RSI turning up). Enter on reaction close or a limit at 61.8%.
• Short: mirror in a downtrend.

Exit logic: – Exit at the 127.2%-161.8% Fibonacci extension of the leg, or on trend invalidation (close beyond the swing origin).

Stop-loss: SL just beyond the 78.6% level or the swing origin (a deeper retrace invalidates the setup).

Take-profit: TP1 at prior swing high/low (partial), TP2 at 161.8% extension for 3R+.

Trailing stop: Trail behind new swing points once price breaks the prior extreme.

Break-even: Break-even at 1R.

Why it works: Precise, high-R:R continuation entries.; Widely understood, marketable concept..

Recommended Settings

• Timeframes: H1, H4, D1.
• Instruments: EURUSD, GBPUSD, USDJPY, XAUUSD, US30.
• Account type: ECN/Raw spread accounts preferred
• Minimum recommended balance: $500+ (adjust lot sizing to your risk tolerance)
• VPS: Recommended for 24/5 uptime and consistent execution
• Risk management: Risk 1% per trade. Only trade with-trend retracements. Max 3 open trades.

Supported Markets

Forex majors and crosses, gold, indices.

Supported Brokers

Compatible with any regulated MT4 or MT5 broker offering standard order execution (market or instant execution). Works with ECN, STP, and standard account types. No broker-specific dependencies.

Installation Guide

1. Download the .ex4 (MT4) or .ex5 (MT5) file from your purchase delivery.
2. Open MetaTrader, go to File → Open Data Folder.
3. Copy the file into MQL4/Experts (MT4) or MQL5/Experts (MT5).
4. Restart MetaTrader or right-click Expert Advisors in the Navigator and select Refresh.
5. Drag the EA onto the chart of your chosen symbol and timeframe.
6. Enable Allow live trading (and Allow DLL imports if prompted) in the Common tab.
7. Adjust inputs to match your risk profile, then click OK.
8. Confirm AutoTrading is enabled in the toolbar.

• Session filter: London and New York for intraday timeframes.
• Spread filter: Reject if spread > 2.5 pips / symbol threshold.
• News filter: Pause entries 15 minutes around high-impact news.
• Volatility filter: Require the impulse leg to exceed a minimum size (ATR-relative) so retracement levels are meaningful.

Risk Disclaimer

Trading forex and CFDs carries a high level of risk and may not be suitable for all investors. Past performance, backtest results, and simulated outcomes are not indicative of future results. This EA does not guarantee profits. Always test thoroughly on a demo account before deploying real capital, and never risk funds you cannot afford to lose.

Version

v1.0.0

Support

Support is provided through the marketplace messaging system. Please include your broker, symbol, timeframe, and EA version when reporting an issue.

Updates

Free updates are provided for bug fixes and compatibility improvements. Feature updates may be released as versioned upgrades.

FAQ

Q: Does this EA work on both MT4 and MT5?
A: Yes, separate optimized builds are provided for each platform.

Q: Can I run this on multiple pairs at once?
A: Yes, attach separate instances to separate chart/symbol combinations.

Q: Does it use martingale or grid recovery?
A: No. This is a pure signal-based strategy with defined risk per trade.

Q: What timeframe works best?
A: H1, H4, D1. for the cleanest signals, but the EA can run on other timeframes with adjusted inputs.

Q: Is a VPS required?
A: Not required, but strongly recommended for uninterrupted 24/5 operation.