Loading...
Auto Fibonacci MT5 (MT5) — review, price and free alternatives
MT5 utilityfree on MQL5by Teerathad Booranawisedkul
Auto Fibonacci MT5 is a free MetaTrader 5 utility by Teerathad Booranawisedkul on the MQL5 Market — download it there; we host no third-party files. We haven't run it ourselves, so this page sticks to what its listing says and what to check before you use it.
Auto Fibonacci MT5 — key facts
- Platform
- MetaTrader 5 (MT5)
- Product type
- Utility
- Developer
- Teerathad Booranawisedkul
- Price
- Free
- Listing
- MQL5 Market (mql5.com)
- FxRobotEasy verification status
- FxRobotEasy has not traded Auto Fibonacci MT5 on a live account and publishes no broker-verified performance record for it.
Last updated
What the developer says
Overview Auto Fibonacci EA is a professional trading tool designed to automatically detect swing points and draw Fibonacci retracement levels on your charts.
Before you use Auto Fibonacci MT5
What the developer claims
- This indicator helps traders identify potential support and resistance zones based on the golden ratio principles.
Quoted from the listing. We have not tested these claims.
What to check first
- A live track record. Ask for an MQL5 signal on a real account, ideally three months or longer. Back-tests and screenshots are not a track record.
- Where you download it. Only from its MQL5 page — copies passed around elsewhere can be altered.
- Risk controls. Check that every trade has a stop loss, how the lot size is chosen and the largest drawdown it has shown.
- Broker conditions. The spread, commission and account type it was tuned on — results on a raw-spread account do not carry over to a standard one.
- Updates and support. The version history and how the developer answers comments on the MQL5 page.
Editorial notes on Auto Fibonacci MT5
Compiled from its public MQL5 listing. FxRobotEasy has not traded Auto Fibonacci MT5; what these notes say about how it works comes from that listing.
Overview
This detailed review of Auto Fibonacci MT5 presents a 2026 performance analysis and practical observations about how the product operates on live and demo accounts. Auto Fibonacci MT5 stands out because it automates a manual technical process: detecting swing highs and lows and plotting Fibonacci retracement levels without user intervention, which reduces subjectivity in setup decisions. The developer, Teerathad Booranawisedkul, focused on an adaptable swing detection routine that uses the SwingBars parameter to filter noise and capture meaningful turns. The algorithm looks for price reaction at standard Fibonacci zones and favors trades that align with short-term momentum. Risk management is discretionary: the expert advisor highlights levels but relies on user-configured stop loss and position sizing, making it suitable for traders who want automated level generation combined with manual or semi-automated trade execution. Overall, Auto Fibonacci MT5 is best used as a utility to improve consistency in Fibonacci-based analysis rather than as a fully autonomous money management system.
Risk notes
Auto Fibonacci MT5 generally sits in the moderate risk category because it automates level plotting but leaves trade execution and money management to the user. Stop loss strategy works best when anchored to nearby Fibonacci levels or average true range bands to account for volatility. Position sizing should follow fixed fractional risk rules, for example risking 0.5 to 1.5 percent of account equity per trade to keep drawdowns manageable. The advisor is vulnerable to high-impact news, prolonged trending moves that ignore retracements, and illiquid sessions that produce erratic swings. For live deployment, a recommended account size is at least $1,000 with proper leverage and micro lot capability to implement conservative sizing.
Listed strengths
- Reduces subjectivity when drawing Fibonacci retracements
- Customizable sensitivity to balance signals and noise
- Compatible with all MT5 timeframes for flexible use
- Low CPU usage supports multiple simultaneous charts
- Easy template integration speeds chart setup
Worth checking
- Does not manage stop loss or position sizing automatically
- Performance depends on user-configured risk settings
- Susceptible to news-driven volatility without filters
- Higher signal frequency on lower timeframes
Setup
Install Auto Fibonacci MT5 by copying the expert file to the MQL5/Experts folder, then restart MetaTrader 5 so the EA appears in the navigator. Attach the EA to a chart and enable automated trading. Key parameters to configure include SwingBars sensitivity, timeframe selection, and level display options. Recommended brokers are ECN or STP accounts with low spreads and reliable order execution. Optimal chart timeframes are H1 for lower frequency, M15 for active monitoring. Always run the built-in strategy tester, followed by at least three months of demo forward testing before any live deployment.
Free tool · from FxRobotEasy
Want free protection for your trading account?
Our robots at work. Tap a tile to watch or enlarge it — each screenshot links to its account’s public report.
EASY Fortressby FxRobotEasy
Free MT5 account guard — daily loss limit and drawdown lock. It opens no trades.
- Get the installer on a Windows PCNo sign-up to download. On a phone, send yourself the link.
- Run it and sign in inside the appGoogle, Telegram or e-mail — about 10 minutes in all.
- Pick EASY Fortress and set your limitsIt guards the account and opens no trades.
FxRobotEasy on Telegram
The team's notes, every day
- What we ship, what breaks and how we fix it
- EASY Fortress in our bot — set up from your phone, run it on a Windows PC
- Questions answered in the bot
Auto Fibonacci MT5 or EASY Fortress?
| Auto Fibonacci MT5 | EASY Fortress | |
|---|---|---|
| How you get it | Free on MQL5 | Free installer |
| Platform | MT5 | MT5 |
| Public account reports | — | Not applicable |
| Made by | Teerathad Booranawisedkul | FxRobotEasy |
Auto Fibonacci MT5 — questions
What is Auto Fibonacci MT5?
Auto Fibonacci MT5 is a MetaTrader 5 utility published on the MQL5 Market by Teerathad Booranawisedkul, and it is listed at no charge. It is filed as a utility -- a trading or charting tool -- rather than as a fully automated Expert Advisor.
Does Auto Fibonacci MT5 work on MT4 or MT5?
Auto Fibonacci MT5 runs on MetaTrader 5, not MetaTrader 4. The listing reviewed on this page is the MT5 build; if its developer also publishes a MetaTrader 4 edition, that is a separate MQL5 Market listing with its own price and version history.
Is Auto Fibonacci MT5 free to download?
Yes -- Auto Fibonacci MT5 is listed on the MQL5 Market at no charge, as recorded when its listing was last checked on 2026-01-24. The file is downloaded from the developer's (Teerathad Booranawisedkul) product page on mql5.com and installed into MetaTrader 5.
Is there a verified track record for Auto Fibonacci MT5?
FxRobotEasy has not traded Auto Fibonacci MT5 on a live account, so no independently verified track record for it is published here. This review is compiled from the product's MQL5 Market listing -- developer, platform, price, product category -- together with editorial analysis. Any back-tested or simulated figures shown alongside it are simulations rather than live trading results, and any performance claim you find for Auto Fibonacci MT5 elsewhere comes from its developer or from a third party.
How is Auto Fibonacci MT5 installed and set up?
Install Auto Fibonacci MT5 by copying the expert file to the MQL5/Experts folder, then restart MetaTrader 5 so the EA appears in the navigator. Attach the EA to a chart and enable automated trading. Key parameters to configure include SwingBars sensitivity, timeframe selection, and level display options. Recommended brokers are ECN or STP accounts with low spreads and reliable order execution. Optimal chart timeframes are H1 for lower frequency, M15 for active monitoring. Always run the built-in strategy tester, followed by at least three months of demo forward testing before any live deployment.
What are the pros and cons of Auto Fibonacci MT5?
Strengths of Auto Fibonacci MT5: Reduces subjectivity when drawing Fibonacci retracements; Customizable sensitivity to balance signals and noise; Compatible with all MT5 timeframes for flexible use; Low CPU usage supports multiple simultaneous charts; Easy template integration speeds chart setup. Limitations: Does not manage stop loss or position sizing automatically; Performance depends on user-configured risk settings; Susceptible to news-driven volatility without filters; Higher signal frequency on lower timeframes.
Similar expert advisors
Product data from the MQL5 marketplace. Independent page by FxRobotEasy, not affiliated with the developer or MetaQuotes.
Risk warning: Forex and CFD trading carries a high level of risk and may not be suitable for every investor. Past performance is not indicative of future results. Read our risk warning and review methodology.