EA RoboFibo V12 Source Code MQ4 + Setfiles

EA RoboFibo – Fibonacci-Grid MT4 Expert Advisor with Source Code

EA RoboFibo is a Fibonacci retracement and grid-based pending order Expert Advisor for MetaTrader 4, built for multi-currency forex trading on the H1 timeframe. The v12 package includes full MT4 source code (.mq4 and .ex4), allowing buyers to inspect and modify the logic before running it live. The only available performance data is a 27-day backtest using MT4’s control points model — results are not independently verified and should not be treated as live performance proof.

Key Highlights

• ✅ Full MT4 source code included (.mq4 and .ex4) — inspect or modify before use
• ✅ Fibonacci retracement + pending order grid across major pairs on H1
• ✅ Three preset files for $100 minimum deposit at 12%, 15%, and 20% drawdown tiers
• ✅ News filter pauses trading 60 minutes before and after high-impact events
• ✅ Grid and optional Martingale-style lot scaling are documented and visible in settings — not hidden

Performance Results

The only performance data available for EA RoboFibo v12 comes from a 27-day AUDCAD backtest run on a demo account in January–February 2025. The backtest used MT4’s control points modeling method, which the strategy tester itself flags as a crude approximation. Modelling quality shows as n/a in the tester report. These results cannot be used to predict live performance.

Within those limitations, the backtest recorded an 81.9% win rate, a profit factor of 1.98, and a maximal drawdown of 34.15% on a $5,000 deposit over 630 trades. Average losing trades were more than double the average winners in dollar terms (-$47.62 vs. $20.82), which is consistent with grid accumulation behavior.

Three older Myfxbook accounts exist under developer Yonif for RoboFibo v7 and v8 — not v12. One v8 account shows a -99.64% loss with 99.96% drawdown. One v8 News Filter account shows a 616,529% historical gain alongside 68.76% drawdown. Both were last updated in 2016–2017, are partly private, and cannot be treated as proof of current v12 performance.

The 34% backtest drawdown, combined with documented grid positions of up to 30 open orders per side and optional Martingale-style lot scaling via LotsExponent, means a losing sequence can compound rapidly. The v8 account wipeout on Myfxbook shows this is a real outcome. Before risking live capital: use the lowest-drawdown preset, size lots conservatively, verify broker spread against the PipStep 50 setting, and run on demo for a minimum of 90 days. Stop-loss and take-profit are disabled by default in documented v12 settings — confirm your risk controls before going live.

All historical Myfxbook data relates to earlier EA versions from 2016–2017, not the current v12 package. The v12 backtest used an unreliable modeling method. Demo validation under current market conditions is required before risking capital.

How It Works

Strategy: Fibonacci-grid pending order system combining Fibonacci retracement levels (76.4 and 23.6) with dynamic pending stop and pending limit orders. Trades reversals and breakouts across major forex pairs on H1. RSI (period 14) and a 60-period moving average act as entry filters.

Entry: Pending stop and pending limit orders placed at calculated Fibonacci distances. RSI and MA confirmation required per documented settings. A Pending Stop Reverse mode is documented for counter-trend scenarios.

Exit: Global take-profit across all open positions (TakeProfitAll: 20 pips documented). Individual TP and SL are disabled by default. Grid positions are closed as a basket when the global target is reached.

Risk Control: Auto lot sizing active by default (Risk: 0.1). Fixed lot fallback available at 0.01. Maximum 30 buy and 30 sell orders permitted per documented settings. Grid spacing controlled by PipStep 50 with PipstepExponent 1.5 scaling. LotsExponent 1.1 enables optional Martingale-style lot increase across grid levels. News filter pauses trading 60 minutes before and after high-impact events.

✅ Best conditions: Ranging or retracing market on H1 • Low spread, tight execution broker • Balance sufficient to sustain 30-order grid exposure

⚠️ Caution: Strong trending markets that override Fibonacci levels without pullback • High or variable spread brokers that compress the 20-pip global target

Technical Specifications

Who Should Use This EA

✅ Ideal for:

• MT4 traders who want to inspect or modify EA source code before running it live
• Traders who understand grid and optional Martingale exposure and can manage a multi-order basket manually
• Traders willing to run a 90-day demo period and size capital conservatively before committing live funds

✅ Best results when:

• Account balance supports the full 30-order grid without margin call risk at the chosen lot size
• Broker spread remains consistently tight relative to the 20-pip global take-profit target

Browse more MT4 Expert Advisors or explore the full Forex EA catalogue.

Download Package Included

• ✅ Experts:
  • EA RoboFibo v12.ex4
  • EA RoboFibo v12.mq4
• ✅ Presets:
  • Mindep $100_Autolot_Testdd12%.set
  • Mindep $100_Autolot_Testdd15%.set
  • Mindep $100_Autolot_Testdd20%.set

Product download link is sent immediately via email after purchase.