SERIOUS WARNING
* Most Forex traders lose all their money.
* Using the robot posted here in trading Forex does not guarantee success.
* Trading this robot could lead to serious financial loss.
* Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
* This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
* At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
* To trade this robot, you have to understand:
* How to use EA's.
I am trading this EA on a live account.
Currently working on any of the instructions, but because of the language barrier it can take forever.
So for now I'll explain the easiest way I can.
1.
Prepare Fibo.
2.
Draw Fibo.
3.
Start EA.
EA looking for fibo and change them depending on the e settings. Of course, shows the zone, but also tp be, lotsize.
4.
Take trade.
EA waits until the price comes into the zone and only takes a trade as it comes out at a "PendingDistance"
5.
Piramide!
EA may piramide order, based on CCI, Stochastic or simple grid. The distance between the orders can be calculated in many ways, as well as moving stop loss entire pyramid.
The easiest way to check is run visual backtest.
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