Fibonacci Extension Trading System

A professional MetaTrader 4 Expert Advisor designed for breakout and trend continuation trading using Fibonacci extension levels. The EA identifies optimal entry points using RSI divergence, candlestick engulfing patterns, and breakout confirmations, then manages trades automatically with dynamic money management, stop loss, take profit, trailing stops, and break-even logic.

Key Features:

1. Fibonacci Projection Levels: Targets key extensions: 1.272, 1.618, 2.618.

2. Money Management: Choice between fixed lot or risk % per trade.

3. Stop Loss: ATR-based dynamic stop loss or fixed stop loss.

4. Take Profit: Auto-calculated based on Fibonacci extension.

5. Trade Confirmation:

   • RSI divergence detection

   • Bullish/Bearish engulfing confirmation

6. Break-Even & Trailing: Locks profits automatically when price moves favorably.

7. Activity Cap: Limits number of trades per minute to prevent overtrading.

8. Multi-Entry per Signal: Supports staggered entries for averaging positions.

9. Spread Filter: Ensures trades are only taken when spread is acceptable.

10. Trading Safeguards: Pause trading on high drawdown, low free margin, or manual pause.

11. Visual Panel: Displays current EA status, open trades, recent activity, and calculated lot size.

12. 5-Digit Broker Compatible: Fully compatible with brokers using 5-digit quotes.

User Inputs: USE DEFAULT SETTING IN H1 GOLD

• UseMoneyManagement (true/false)

• RiskPercent (if money management enabled)

• FixedLot (if fixed lot selected)

• SlippagePoints, MaxSpreadPoints

• ATRPeriod, ATRMultiplier, StopLossPips

• BreakEvenTrigger, BreakEvenLock

• TrailingStart, TrailingStep

• UseDivergence, RSIPeriod, DivergenceLookback

• UseEngulfing (true/false)

• MaxOrdersPerSignal, AllowMultipleOrders

• ActivityCapCount, ActivityCapWindow

• ShowPanel, PanelCorner, PanelX/Y, PanelFontSize

Trading Concept:

• Identify trend continuation or breakout with confirmation.

• Enter trade after divergence + engulfing confirmation.

• Set dynamic SL and Fibonacci TP levels.

• Manage positions automatically with break-even and trailing.

• Restrict trading frequency and exposure.

Requirements:

• MetaTrader 4 platform (build 600+ recommended)

• 5-digit broker account

• USD, EUR, GBP, JPY pairs tested

• VPS recommended for optimal performance

Installation:

1. Copy Fibonacci Extension (Projection) System.ex4 to MQL4/Experts.

2. Restart MT4.

3. Attach EA to any chart and configure inputs.

Support:

• Email support@blackcode-ea.com

• Includes full user guide & setup instructions

Version: 1.00 (Commercial)
Release Date: 2025