Welcome to our trading community! Today, we're diving into the Fibo iSAR, a powerful Expert Advisor (EA) designed for MetaTrader 5 that can help you make informed trading decisions.
Idea Creator: Yuri | Code Author: barabashkakvn.
The Fibo iSAR EA works by comparing the current price with two essential indicators: SAR("Step Fast_SAR", "Maximum Fast_SAR") and SAR("Step Slow_SAR", "Maximum Slow_SAR"). This allows traders to identify potential entry and exit points effectively.
Buy Signal
Sell Signal
The EA calculates pending order prices by referencing the Fibo levels, specifically the "Fibo Entrance Level" and the "Fibo Profit Level", which are part of the ScalpParabolicPattern() function. This feature is incredibly useful for traders looking to maximize their profits while minimizing risks.
With the Fibo iSAR at your disposal, you're well on your way to refining your trading strategy. Happy trading!
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