NineFibo EA: Master the Market with Fibonacci Precision for MT4 Trading

Overview

NineFibo EA is the best solution for automated trading. The expert advisor is based on a strategy that uses the Fibonacci tool and technical indicators. It is designed to execute trades based on pre-defined criteria without manual intervention.

Reasons to Consider NineFibo EA MT4

• The expert advisor operates automatically and requires no manual intervention. It monitors the market throughout the trading day.
• It effectively manages the risk of the trading account by placing stop-loss orders to protect capital from excessive losses.
• NineFibo EA uses a Fibonacci-based strategy, using retracement levels as effective reversal zones.
• It is easy to use and install, making it suitable for beginners and professional traders.

Who Should Use NineFibo EA?

NineFibo EA MT4 is suitable for all professional and beginner traders as it improves their trading performance in the Forex market. Whether you are looking for an easy way to make profits in the Forex market or a trading method different from manual trading, the Expert can help you with that.

Advantages

NineFibo EA has been tested before and has proven remarkably successful. It also features risk management for each trade that is appropriate to the account capital and The expert works 100% automatically, as there is no need for manual intervention.

Disadvantage

• One of the disadvantages is the total dependence on the market. The expert depends greatly on the conditions and movements of the market, and in cases of unexpected fluctuations, the results may be completely unpredictable. Also, the expert has been programmed in advance on certain conditions, so if these conditions are met, it will completely ignore important economic news and events.

NineFibo EA MT4 Attributes

• Compatibility: Functions with any broker that supports MT4 and permits Expert Advisors.
• Customization: Provides adjustable settings to customize the trading strategy according to personal risk preferences and trading styles.
• Money Management: Comes with embedded money management techniques to optimize trade sizes based on account balance and risk thresholds.
• Backtesting: Facilitates backtesting on historical data to assess the strategy’s capability under varying market conditions.

NineFibo EA MT4 Configurations

• Trading Platform : MT4
• Currency Pairs : XAUUSD, GBPUSD, USDJPY, GBPJPY, EURUSD, AUDJPY
• Minimum Deposit : $500
• Product Type : NoDLL / Unlimited / Fix
• Lot Size: Users have the option to set the initial lot size for trades or activate dynamic lot sizing based on the account’s balance.
• Stop Loss and Take Profit: Allows the establishment of stop loss and take profit levels to manage risk and secure returns.
• Fibonacci Levels: Options to modify the Fibonacci levels utilized for entry and exit strategies.
• Trading Hours: Users can specify the times for trading to align with specific market sessions for optimal efficacy.

How to install NineFibo EA

1 – Download the Expert

Download the Expert file from the email sent to you

How to Extract a File from Winrar?

First, if you don’t have Winrar here is the download link, download and install

https://www.win-rar.com/download.html?&L=0

Right-click on the WinRAR file and select ‘Extract Here’ to extract the files in the current location. Alternatively, choose ‘Extract to’ if you want to extract the files into a specific folder.

2 – Add the Expert to the platform

• Open the trading platform and choose File –> Open data folder
• Then go to the MQL4 folder –> Experts

(if the expert works on MT5 then you will choose MQL5 instead)

• Put the Expert file in this folder
• restart the platform

3 – Run the Expert

• Choose the appropriate pair for the Expert and then drag the Expert from the navigator window and place it on the chart (or simply Double click on it)
• Make sure that auto trading is activated in the platform and the Expert as well

Conclusion

The NineFibo EA works with a strategy that is primarily based on the Fibonacci tool. It uses Fibonacci retracement levels as reversal zones and executes trades based on that. It uses effective risk management to protect the account from excessive losses.