Fibo Titan Grid EA MT4: A Powerful Trading Strategy
Introduction
The Fibo Titan Grid EA for MetaTrader 4 (MT4) is an automated trading system designed to capitalize on market movements using a grid-based approach. Let’s dive into the details:
Key Features:
- Strategy: The EA employs a grid strategy, which involves placing pending orders at specific Fibonacci levels.
- Time Frame: Fibo Titan works best on the H1 (1-hour) chart.
- Currency Pairs: While it can be used on various pairs, we recommend focusing on EURUSD, AUDUSD, EURGBP, and USDCAD.
- Minimum Deposit: To use Fibo Titan effectively, maintain a minimum account balance of $1000 (for U.S. customers).
How Fibo Titan Works:
- Fibonacci Levels: Open your desired chart (e.g., EURUSD) and place Fibonacci retracement levels. These levels act as reference points for the EA.
- EA Configuration:
- Set your preferred Fibonacci levels and other parameters in the Fibo Titan EA.
- Specify the opening time for the EA.
- The EA will automatically place pending orders based on the selected Fibonacci levels.
- Automatic Reopening:
- After closing existing positions (via Take-Profit, Stop-Loss, or manual intervention), Fibo Titan reopens grid pending orders.
- The step between initial prices and pending orders can be set manually or generated automatically during setup.
Benefits:
- Low Drawdown: Fibo Titan aims for lower drawdowns compared to many other EAs.
- Adaptability: Customize settings to match your trading style.
- No Hedging: Suitable for U.S. customers due to its non-hedging approach.
Download and Review:
- You can download the Fibo Titan Grid EA from our website: FXCracked.
- Before using it in a live account, test Fibo Titan for at least 10 days in a demo account to familiarize yourself with the settings.
Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.📈🍀
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Additional Resources:
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