Advanced Fibo Levels Review

Sep 15, 2021 07:08 AM ET
Advanced Fibo Levels Review

Advanced Fibo Levels

Type

Robot

Price

$49, $149

Strategy

N/A

Compatible Platforms

MT4 and MT5

Currency Pairs

EURUSD and GBPUSD 

Timeframe

M15

Recommended Min. Deposit

$3000

Recommended Deposit

N/A

Leverage

N/A

Trade length

6 hours

Advanced Fibo levels is an expert trading solution that was published on the MQL5 forum. The presentation is quite short. So, it cannot answer all our questions. 

Trading strategy explanation

The following list united all useful information, settings, details, and claims about how this system works. 

  • The advisor can execute orders automatically for us. We have to do nothing in addition. 

  • The price of $49 is gone. The current price is $149. 

  • The next one will be $249. 

  • The robot has received a “Fibonacci system that is designed to trade for the most popular Fibonacci strategy that's completely automated.”

  • The system has all the needed backtests to be sure that we are safe under its management. 

  • The robot delivers in both versions: MT4 and MT5. 

  • It uses Advanced Fibo levels Indicator as an entry.

Advanced Fibo levels list of settings.

  • We can be sure that all orders are protected by Take Profit and Stop Loss levels. 

  • We can customize Fibonacci parameters.

  • The system works with EURUSD and GBPUSD.

  • It can be used only on the M15 time frame.

  • We have to start backtests from the data from 2019, not later.

  • It can be used on any broker we want.

  • The minimum deposit requirements are $3,000.

  • The advisor isn’t sensitive to spread and slippage.

Backtest data analysis

The presentation doesn’t include backtest reports. It’s rare for a presentation on MQL5 not to publish a backtest for people to work. We don’t know what results the system could achieve.  

Live trading data analysis

Trading Results

Myfxbook Account

N/A

Started

August 29, 2021

Deposit

$1000

Balance

$1021.53

Gain

2.15%

Daily

N/A

Monthly

2.15%

Drawdown

1.9%

Profitability

52.26

 

Advanced Fibo levels screenshot from a presentation.

We have this unproved screenshot that has 1234% within 7 days. 

Advanced Fibo levels trading results.

The advisor was set to trade on a real account on  RoboForex with 1:500 leverage automatically just a week ago. The maximum drawdown is 1.9%. The accuracy is 87.5%. Since the beginning, the growth has amounted to 2.15%. 

Advanced Fibo levels statistics.

An average trade frequency is 13 deals weekly. The system closes orders within 6 hours on average. 

Advanced Fibo levels growth chart.

We may note that the system grows the account slowly. 

Advanced Fibo levels statistics.

Advanced Fibo levels traded 8 deals. The best trade is $7.60 when the worst trade is -$0.42. The recovery factor is 51.26 when the profit factor is 52.26. An average monthly profit of 2.15%. The system works based on algorithmic trading only. 

Advanced Fibo levels distribution.

The most actively traded pair is  XAUUSD, with three closed orders. 

Advanced Fibo levels warnings.

The system works with many warnings received from the MQL5 robot. 

The company

Developer’s profile.

Ho Tuan Thang is a developer from Vietnam with an 1866 rate. The products have a 4.9 rate in total. The portfolio includes 6 products and 10 signals. MQL5 mentions that he has no experience. 

The dev’s portfolio.

The portfolio includes six products and only two signal accounts. 

Pricing

Advanced Fibo levels pricing.

The current price is $149 instead of $49. For $49, we can get only an annual subscription now. We can enjoy a demo copy of the system to give it a try. 

Review summary

Pros

Cons

  • Trading results provided 
  • No money management or risk advice given 
  • Affordable pricing
  • The system is a just released trading solution
 
  • The developer doesn’t have experience as a developer
 
  • No refund policy provided 

Advanced Fibo levels is a trading system that runs an account with only one-week-old trading results. So, it’s almost impossible to tell something positive about it because it can just seem to us. For getting enough proof, we have to check it for half a year of active trading results. Now, it’s not an option to allow it to run on our real account. 

Rating: 2/10


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