Fibo Heart Expert Advisor is a tool that was created in May 2019 by developer Mohd Khairol Amin Ramli. This tool is designed for traders who want to place a pending order automatically, make profits, and stop losses. In this review, we’ll outline exactly what this Forex EA will potentially do for you.
The Fibo Heart EA strategy will put the boundary order after the checkpoint break. The position will be activated when the price makes a successful test. If not, the pending order will be automatically deleted after the price reached a certain level. You also have the option to enable market order (instant execution) and take personalized benefit in setting up entries. This EA must be connected to the Fibo Heart Indicator to work properly. The Fibo Heart Indicator can be found in the MQL market indicators section.
How to Use the Fibo Heart Expert Advisor
Attach Fibo Heart Indi (automatic fib indicator) to your chart. Fibo Heart Expert Advisor will automatically place your order, set the stop loss, and take profit on the fib level. This EA will not open commands if there is no Fibo Indicator on your chart.
Fibo Heart Expert Advisor input parameters:
-You can modify the tickets according to your trade.
-Lot size: Your order volume, default = 0.01.
-Follow the trend: This is for order mode either Normal (Buy & Sell), Buy Only or Sell Only. You can use these options to follow the trend for your order.
-Enable market order: Option if you want instant EA execution enabled at market price, default = false.
-Market order tp: This is to take profit by market order if enabled, by default = Custom.
Custom Take Benefit
-Custom tp: You can set how many pips for profit. You can use for all orders (pending or instant), default = 5.
-Stop loss: Set your stop loss, default = true.
-Stop loss pips: You can set how many pips for your stop loss. Count from the monitor trading level, default = 50.
Auto Delete Pending Order
-Delete po tp1: Automatically set to delete the pending inactive command if the price reaches level TP 1, default = false.
-Delete po tp2: Automatically set to delete the pending inactive command if the price reaches level TP 2, default = false.
-Delete po tp3: Automatically set to delete the pending inactive command if the price reaches level TP 3, default = false.
-Delete po new fibo: Automatically set to delete the pending inactivated order if the flag draws new fibo, default = true.
In short, this is a tool for traders who want to base their operations on pending orders. Fibo Heart Expert Advisor works with the setbacks of Fibonacci, a tool widely used by traders. If you are a trader without experience in the markets, you cannot be familiar with Fibo setbacks, our advice is to study how they work before you try this EA.
We have not been able to see comments about the functioning of this EA, we understand that there are many Fibo-based EAs that are much simpler than this and more tested by the MQL user community.
Before purchasing, we advise you to download the demo version of this tool. We do not believe it is a valid EA for all traders, but for those who trade long-term with outstanding orders on long trends.
This EA is available on the MQL market at a price of 50 USD, and you can also rent it for 10 USD per month.