Why Traders Need AutoFibo EA
Using Fibonacci to trade is a really advanced approach to trading – while effective, it is usually really tough to accomplish because of the complexities involved in drawing Fibonacci retracement and expansion lines correctly. With AutoFibo EA, traders can now easily identify setups, as it manages the bulk of the heavy lifting, and provides the added benefit of expert advisor trading for automated execution of trades.
Below are some examples of how the AutoFibo EA accurately draws and filters out good Fibonacci retracement lines using a zigzag line with an adaptive smart channel filter that automatically adjusts itself based on the market's volatility.