Advanced Fibo Levels is a trading robot for the Forex market. It trades on 4 different currency pairs, including GBPUSD, BTCUSD, EURUSD, and XAUUSD. To get the best files for settings, the vendor recommends that you contact him.
Ho Tuan Thang is the developer of this EA. Though his qualifications or trading experience are not highlighted, we have established that Ho has developed other trading systems. These include Advanced Gold Trading, Advanced Hedge, Advanced Bollinger Bands, and Advanced Fibo Levels Indicator.
Features
The listed features of the EA are listed here:
- It is not sensitive to slippage or spread.
- The working timeframe is M15.
- The minimum recommended deposit is $150.
- It can run on the MT4 or MT5 terminal.
How to start trading with Advanced Fibo Levels
This EA is designed to automatically trade with the Fibonacci strategy, but the vendor doesn’t go into details to help traders understand how this strategy works. The system comes with a free Advanced Fibo levels indicator, which it uses to identify entry opportunities.
Advanced Fibo Levels costs $199. The plan doesn’t include a money-back guarantee or renting options.
Backtests
We could not find the backtest results for this robot on its page on MQL5. For this reason, we don’t know what types of outcomes it generates under simulation or how it behaves in different market conditions. Consequently, we cannot predict if the system can maintain the viability of a trading account in the long term or not.
Trading results of Advanced Fibo Levels
Though trading results are available, they are not from a verified source like FXBlue, Myfxbook, or FXStat.
This account was deposited at $500 when the owner opened it on January 25, 2022. So far, the EA has generated $2.71 profit for it, which represents a growth rate of 0.54%. The drawdown is already 10.9%, which tells us that the trading risks are much higher than the gains made. The average holding time for an order is 1 day.
To date, we have 3 trades completed, and all have brought in profits. The average profit trade is $0.90, whereas the average loss is zero. The best trade made a profit of $1.04. No losses have been made yet.
Customer reviews
The EA has a rating of 4.67 on MQL5 based on 6 customer reviews. Traders have praised the robot by saying that it is good and makes profit.
Is Advanced Fibo Levels a viable option?
Advantages
- Reasonable pricing
- Is not sensitive to spreads and slippage
Disadvantages
- Live trading results are unverified
- No backtest results
- Short trading history
- Lack of a detailed strategy explanation
Summary
The developer assures us that Advanced Fibo Levels is not sensitive to spreads and slippage, which means that it may not increase your trading risks unnecessarily. But the vendor fails to provide the system’s backtest results and explain the trading method comprehensively. Moreover, though live trading stats are available, the trading period is very short. With only 2 days of trading, it is hard to determine the profitability potential of the EA.
