IT FIBONACCI EA MT4

The IT FIBONACCI EA MT4 is an Expert Advisor (EA) designed for MetaTrader 4 (MT4) that focuses on precision trading using Fibonacci levels. This innovative tool works in harmony with your Fibonacci retracement strategy, dynamically responding to market movements and recognizing patterns.

Key Features and Specifications

• Minimum Deposit: Start trading with a minimum deposit of $500.
• Timeframe: The EA is optimized for the 1-hour (H1) timeframe.
• Currency Pair: While it can be used with various currency pairs, it is specifically designed for GBPUSD.

Trading Strategy

The IT FIBONACCI EA MT4 follows a dynamic strategy that combines Fibonacci retracement levels with trend analysis. Let’s break down the strategy:

1. Fibonacci Levels:
   • The EA identifies key Fibonacci retracement levels.
   • It waits for price pullbacks towards these levels.
   • It aims to enter trades when the price aligns with Fibonacci retracement levels.
2. Trend Analysis:
   • The EA considers the overall trend direction.
   • It waits for pullbacks within the trend to execute trades.

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Additional Resources :

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