Vantage Adds AutoFibo EA: Identify Reversal Zones With Precision
Vantage has introduced AutoFibo Expert Advisor (EA) for MetaTrader 4 (MT4) to simplify advanced Fibonacci trading strategies.
Expert Advisors carry a high risk to your capital – you could lose your investment.
Key Takeaways
- AutoFibo EA draws and pinpoints Fibonacci retracement lines through a zigzag line and an adaptive smart channel filter that moves depending on market volatility.
- The Expert Advisor is available to experienced traders who open a qualifying Vantage Plus account, which takes less than 5 minutes and requires a deposit of at least $1,000.
- Traders can deploy the EA on Vantage’s 1000+ CFDs, from stocks and indices to currencies, precious metals, energies, and soft commodities.
How It Works
AutoFibo EA aims to tackle one of the key challenges of using Fibonacci to trade – accurately drawing Fibonacci retracement and expansion lines.
It takes on the manual work to help traders identify opportunities, while also automatically executing trades.
Below is an example from Vantage where AutoFibo EA finds an opportunity at the 127% Fibonacci retracement level and makes a reversal trade to capture the decline to the 102% point.
The EA can be set up to assess various types of Fibonacci retracements across a range of time frames, including short-term views.
About Vantage
Vantage was established in 2009 and now provides CFD trading services to over 930,000 clients worldwide.
The firm is authorized by multiple regulators, including trusted bodies like the UK’s FCA, Australia’s ASIC, and South Africa’s FSCA, alongside Vanuatu’s higher-risk VFSC.
Traders can choose from a range of accounts to suit different budgets and trading preferences, with a commission-free STP account and a selection of ECN accounts with spreads from 0.0 and commissions as low as $1.00 per lot per side.
Sign up today to put Vantage’s AutoFibo EA to work.
