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Fibonacci Levels for iSAR Pending Order Prices

Article MQL5 code base
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Summary

This brief description accompanies an iSAR trading application and identifies Fibonacci levels as the basis for setting pending order prices. The relevant levels are an entrance level and a profit level, applied within a named scalp pattern routine. It credits one person with the trading idea and another with the MQL5 implementation.

The text provides no entry or exit rules beyond the pending-order price calculation, and it includes no performance results, market context, parameter values, or risk controls. It is therefore a narrow implementation note rather than a full strategy explanation; readers cannot assess its behavior or suitability from the description alone.

Key ideas

  • Pending order prices are derived from Fibonacci entrance and profit levels.
  • The calculation is associated with an iSAR scalp-pattern routine.
  • The description does not provide enough detail to evaluate the complete trading strategy.

Tags

Technical indicatorsExecution

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.