In the world of Forex Trading, the Auto Fibonacci tool stands out as a unique trading advisor for automatic trading. Its distinctive feature lies in its ability to average orders based on Fibonacci levels. This tool caters to experienced traders, offering them the flexibility to create and modify their own trading strategies according to their trading goals.
Forex Automation and the Auto Fibonacci
Forex automation has been revolutionized with the Auto Fibonacci tool. It provides users with the ability to alter the Fibonacci grid settings, meaning they can change the distance between orders in the grid. The tool also allows for the exploration of other currency pairs for trading. After purchase, as a bonus, traders can expect to receive additional benefits. The default settings for the tool are configured for the XAUUSD, M15, M30 pair.
Key Parameters of the Auto Fibonacci Tool
The Auto Fibonacci tool comes with a host of customizable parameters. The Magic parameter serves as the magic number, while the MaxSpread parameter indicates the maximum allowed spread. The Lots parameter is the fixed lot, and the AddLot parameter allows traders to increase the lot for averaging. The Maximum lot parameter signifies the maximum allowed lot in trading.
The Deviation parameter represents slipping, while Stoploss and Takeprofit are the fixed stop loss and take profit respectively. The PriceOffset parameter denotes the distance from the current price for placing pending orders, and the Expiration parameter is the holding time of an established pending order. The tool also allows traders to specify the number of positions or orders they wish to hold.
Fibonacci Grid Settings
The tool has parameters for setting the Fibonacci grid. The Bars to calculate High and Bars to calculate Low parameters are used for this purpose. The Step parameter is the step for orders in the grid (averaging). The Level Sell and Level Buy parameters are the Fibonacci levels for placing pending sell and buy orders respectively.
Additional Features
Additional features include a Comment field for adding comments to the advisor. This can be particularly useful for noting down observations or strategies related to specific trades.
Independent Testing and Updates
Users interested in the Auto Fibonacci tool can watch independent testing of this product on the forexroboteasy.com website. Subscriptions for updates on the testing results of this product are also available on the site.
Share your Experience
We invite readers to share their experiences of using the Auto Fibonacci tool. It’s always helpful to have real-world user experiences to aid others in their Forex Trading journey.
FAQs
Q: Is the Auto Fibonacci tool suitable for all traders?
A: The tool is designed with experienced traders in mind, as it offers the ability to create and modify trading strategies.
Q: How customizable is the Auto Fibonacci tool?
A: The tool offers a wide range of customizable parameters, allowing traders to tailor their trading experience to their specific needs and strategies.
Q: Can I test the Auto Fibonacci tool before purchase?
A: Yes, independent testing of the product is available on the forexroboteasy.com website.
Remember, this is an independent product review and should not be considered as an endorsement or recommendation. Always do your due diligence before investing in any trading tool.
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