Remora Golden Fibonacci Bot Pro (MT5) — review, price and free alternatives

The developer, Zakaria-tarik Mehadji, built the Expert Advisor for MetaTrader 5 with a clear focus on the 61.8% Fibonacci retracement as a primary entry signal, augmented by swing detection and momentum filters.

What makes Remora Golden Fibonacci Bot Pro unique is the combination of classic Fibonacci levels with bespoke swing identification and adaptive risk rules. The algorithm scans intraday swings on M30 and filters setups that align with higher timeframe context, reducing low-probability trades. Trades include fixed initial stops that adapt to ATR-based volatility and a trailing stop logic to lock in profits when momentum continues.

The EA performs best in trending or well-defined range transitions on gold, where retracements to the 61.8% zone are reliable. Risk management is central: dynamic position sizing limits risk per trade to a configurable percentage of equity, and built-in max drawdown protection pauses trading when thresholds are exceeded. Expected performance characteristics include moderate monthly returns with controlled drawdowns and a focus on positive expectancy rather than isolated large wins.

Users should note configuration options and broker execution quality matter.

The risk profile for Remora Golden Fibonacci Bot Pro is moderate when configured with recommended position sizing and conservative leverage. Stop loss strategy pairs ATR-based initial stops with trailing stops to protect capital while allowing profitable moves to run. Position sizing is percentage-based; users should limit risk per trade to 0.5-2% of equity depending on risk tolerance. Vulnerabilities include thin liquidity spikes, major economic news events that widen spreads, and prolonged choppy markets that produce false retracements. A recommended starting account size for realistic operation is $3,000 to $10,000 depending on chosen risk per trade and broker margin conditions. Regular monitoring and periodic parameter adjustments help manage systemic risk.

Install the Remora Golden Fibonacci Bot Pro EA file into the MetaTrader 5 Experts folder and restart the terminal to enable it. Attach the EA to an XAUUSD M30 chart and enable automated trading and DLL imports if required by your broker. Configure key parameters such as risk percent per trade, maximum open trades, allowed slippage, and spread filter according to your account size. Preferred brokers are low-spread ECN or STP providers that support gold trading and tight execution. Run strategy tester backtests and a two-week demo forward test before moving to a funded account to validate results and execution.