Fibonacci Arc Breakout EA with Moving Average Filters and Risk Controls
Summary
The described expert advisor combines Fibonacci Arcs with two moving averages and trades price breakouts. It is said to operate on the open candle and includes configurable take-profit, stop-loss, trailing, break-even, equity-risk, and maximum-trade controls. The settings also include an option to increase position size after losses, which can raise exposure as a losing sequence continues.
The document says Fibonacci Arcs act as a filter in live trading, but are not incorporated into backtest trade creation; optimization tests use the moving averages alone. Visual tests can draw the arcs without using them to generate trades. This limitation means those tests cannot establish the combined live strategy's performance. The claims about improved win probability are unsupported by results, and no entry logic, tested outcomes, or full risk methodology is supplied. The author advises trying the system on a demo account first.
Key ideas
- The EA combines Fibonacci Arcs and two moving averages to trade price breakouts.
- The description says Fibonacci Arcs filter live trades but are excluded from backtest trade creation.
- Optimization can test the moving-average logic, while visual testing only displays the arcs.
- Risk controls include stop loss, take profit, trailing, break-even, equity limits, and a trade cap.
- Increasing lot size after losses can increase exposure, and the stated win-probability claim has no supporting results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.