Advanced Fibo Levels is a Forex expert advisor that can trade without any manual input from the user. It is compatible with both MT4 and MT5 trading platforms. The vendor claims that the EA has been subjected to stress tests for a long period of time and has passed each year with an advantageous profit/drawdown ratio.
Advanced Fibo Levels trading strategy
This is a Fibonacci-based trading system that uses an automated Fibonacci trading scheme. It uses the Advanced Fibo Levels indicator for making its entry. If the market is up, it draws Fibonacci levels from swing high to swing low. It draws the levels from swing low to swing high when the market is down.
Advanced Fibo Levels backtesting report
EA vendors often test their systems using archival data in order to check their robustness. Unfortunately, there are no backtesting results for Advanced Fibo Levels.
Advanced Fibo Levels live results
Unfortunately, there are no verified trading accounts for this robot on websites like Myfxbook, FXBlue, and FXStat. Here we have a live trading account on MQL5 that has been active since 24th December 2021. The robot has spent a very short time in the live market during which it has had only nine trading days.
Out of 20 trades placed through this account, 16 have been closed in profit. This means the robot has a win rate of 80%. The total profit generated through this account is $39.83, while the profit factor is 2.05. We can see that the robot holds its trades for an average of 18 hours.
The average profit and loss are $4.85 and $9.45, respectively. It has a slightly high drawdown of 27.4%, which tells us that it trades with a fair amount of risk. During its live trading stint, there have been 12 maximum consecutive wins and 1 maximum consecutive loss.
Some features of Advanced Fibo Levels
This is a robot that trades in GBP/USD and EUR/USD. The vendor recommends running it on M15 charts. You can get started with a recommended deposit of $3000. Advanced Fibo Levels is not a broker-sensitive EA. Also, it is not sensitive to slippage and spread. For the live trading account, it uses 1:1000 leverage.
|Average monthly gain||3.98%|
|Developer||Ho Tuan Thang|
|Currency pairs||EUR/USD, GBP/USD|
Main things to consider if you invest in Advanced Fibo Levels
If you plan of purchasing this robot, you need to know the following:
Lack of vendor transparency
We don’t have enough information on Ho Tuan Thang, the developer behind this system, other than the fact that they are based in Vietnam. There is no contact or background information on this person and we don’t know anything about the people they work with.
Lack of verified trading statistics
The trading results of this robot are not verified by a third party. Most traders look for verified results since they are considered a sign of authenticity. With verified accounts, the vendor has no chance of manipulating the results.
Additional EA for free
When you purchase this robot, you are entitled to receive a free copy of another EA or an indicator. The vendor also includes all future updates for the EA. You must contact the vendor via MQL5 to avail of this offer.
The current price of this EA is $99, which makes it extremely cheap compared to others. You can also download a free demo version of the system for testing purposes. However, the vendor does not offer a money-back guarantee.
We were unable to find any user reviews for this expert advisor on websites like Quora, Myfxbook, Trustpilot, and Forexpeacearmy. While there are a few reviews on MQL5, we have no way of telling whether they are genuine or not.