The Bender V4 Fibonacci EA is a free, premium expert advisor designed for MetaTrader 4 that has demonstrated impressive performance, boasting a +121.18% profit over seven trading months.
This sophisticated EA leverages Fibonacci trading principles to deliver consistent results.
The EA specializes in Fibonacci trading using a proprietary trading strategy.
First, it will look for trend direction and once the trend direction is established, the EA opens buy and sell trades at optimal Fibonacci trading levels.
These levels are strategically chosen to maximize potential gains while minimizing risk, leveraging the natural ebb and flow of the market.
One of the notable strengths of the Bender V4 Fibonacci EA is its ability to avoid trading in sideways or choppy markets.
This expert advisor should work with your preferred MetaTrader 4 broker.
Make yourself familiar with the Bender V4 Fibonacci EA Forex robot and run it on a demo account for an extended period before risking real money.
Keep a close eye on the EA’s performance over time and take note of its profitability, drawdown, and trade frequency.
Free Download
Download the “Benderv4_robot.ex4” Forex robot
Trading Results
Find below the MyFXbook performance report for the Bender V4 Fibonacci EA (click on the image to view at full size).
- Absolute gain: +121.18%
- Monthly profit: +22.93%
- Daily profit: +0.69%
- Drawdown: 14.33%
- Profit: $3,808.65
Recommendations & Technical Information
- Works for all currency pairs, preferred low-spread
- Works for any time frame of your preference
- Recommended initial deposit for live trading: $200
- Works on both demo and live trading accounts
Trading Chart
The picture below is an example of how the Bender V4 Fibonacci Forex robot looks like when applied to the EUR/USD 1-hour trading chart.
Please note the smiley face in the upper right corner of the chart (the robot is working).
Adjustable Settings and Parameters
While the default settings of the EA are optimized for general use, you may wish to tweak certain parameters to better suit your trading style and risk tolerance.
Experiment with different settings during the demo phase to find the optimal configuration:
Lots, limit time, daily profit, daily loss, period for Fibonacci, Fibonacci buy, Fibonacci sell, candles
How to install the Bender V4 Fibonacci EA in Metatrader 4?
- Download the Benderv4_robot.ex4 EA file here and save it to your computer
- Open your Metatrader 4 platform
- Click on “File” (top menu) and then select “Open Data Folder” from the drop-down menu
- Click on “MQL4” and open the “Experts” folder
- Paste the expert advisor file into this folder
- Restart Metatrader 4 and you’re ready to start using this EA