Fibonacci-Scaled Grid Sizing for Trend-Following Trades

Summary

The eFibo Expert Advisor is presented as a manual trading aid that automatically executes a constant-step grid in a chosen direction. As price moves favorably, it adds positions at successive levels whose lot sizes can follow Fibonacci values, such as 1, 2, 3, 5, and 8. The trader can change those sizes and enable buys, sells, or both.

The method is intended for a trend or a strong directional view, since additions occur as the trade moves into profit. The document illustrates a sell-only EURUSD period and reports a profit figure, contrasting it with a simple directional trade. That example is not a controlled comparison and gives no broader performance, drawdown, or transaction-cost analysis. Its assertion that adverse movement risks only accumulated profit is not demonstrated in detail; grid exposure, gaps, execution, and changing conditions can affect losses. The source itself advises against using the system in changing markets or without a directional view.

Key ideas

• The EA adds trades at fixed price intervals while increasing lot sizes according to a configurable sequence.
• Position additions are intended to occur as price moves favorably in the selected direction.
• The trader chooses the direction and is expected to identify an established trend or currency bias.
• The reported EURUSD example does not establish robust performance or validate the stated risk limitation.
• The document cautions against use in changing markets or without a directional view.

Tags

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