FW FIB V5.9.1 – Fibonacci Retracement cBot for cTrader

Trade Fibonacci systematically. Understand your entries. Keep control of your configuration and risk.

FW FIB is a configurable Fibonacci-based trading system for cTrader that combines retracement levels with market structure, confirmed swing points and automated position management.

The cBot identifies qualifying bullish and bearish impulses, anchors Fibonacci structures to confirmed market swings and evaluates pullbacks into selected retracement areas according to transparent, rule-based conditions.

FW FIB is designed for traders who want to automate a structured Fibonacci workflow while maintaining direct control over entries, risk parameters, targets, position sizing and trade management.

How FW FIB Works

FW FIB analyses upward and downward price impulses and automatically anchors its Fibonacci structure to confirmed swing points.

Depending on the selected configuration, the system can consider:

• Market structure and structural breaks
• Setup quality
• Setup age
• Higher-timeframe context
• Enabled Fibonacci entry levels
• Entry tolerances
• Reaction-candle confirmation
• Trading-session restrictions
• Risk and position-management rules

Entries can be executed when price reaches an enabled Fibonacci retracement area or, when configured, only after additional confirmation through price-reaction candles.

Stop-loss, take-profit and position size are calculated according to the selected trading and risk-management settings.

Manual Configuration or Adaptive Setup Control

FW FIB can be configured manually or used together with its adaptive setup-control system.

The adaptive system assigns a predefined trading profile to qualifying setups according to fixed rules:

Defensive
Single-position trading, confirmed reactions and more defensive target-management rules.

Balanced
Uses the configured base settings while incorporating higher-timeframe market context.

Trend
Allows scaled positions, potential Fibonacci extension targets and combined profit-protection logic when the required conditions are met.

The adaptive setup-control system is entirely rule-based. It is not a self-learning AI model.

Profile-specific rules may override selected base parameters, while configured risk limits, lot limits and position limits remain active.

Flexible Fibonacci Entries

The following Fibonacci retracement levels can be enabled individually:

0.236 · 0.250 · 0.382 · 0.414 · 0.500 · 0.586 · 0.618 · 0.707 · 0.786 · 0.882

The 0.586–0.618 area can be treated as a combined Golden Pocket zone or as two separate Fibonacci levels.

Configurable tolerance logic can take spread, impulse size and completed candle ranges into account. A maximum tolerance limits the permitted distance between market price and the intended entry area.

Structured Targets and Profit Protection

Take-profit logic can use:

• The next valid Fibonacci level
• A fixed target
• Target selection including Fibonacci extension levels

Minimum risk/reward requirements, minimum target distances and configurable buffers can be applied during target selection.

Depending on the configuration, the stop-loss can be positioned behind the active entry level or behind the next deeper Fibonacci level.

Additional position-management functions include:

• Break-even with optional offset
• Fibonacci-based trailing
• MFE pullback protection
• Protection of part of an unrealised move
• Optional position closure when the underlying setup becomes invalid

Position Sizing and Execution Control

FW FIB supports both fixed-lot sizing and percentage-based equity risk.

In percentage-risk mode, position sizing considers the configured stop-loss distance and the remaining risk budget of positions belonging to the active bot instance.

Additional execution controls include:

• Maximum lot limits
• Maximum position limits
• Spread checks
• Margin checks
• Post-fill validation

After execution, FW FIB rechecks the actual fill price, protection levels, calculated risk and applicable risk/reward conditions.

Configurable for Different Trading Workflows

FW FIB allows users to configure:

• Long and short trading independently
• Asia, London and New York trading sessions
• Permitted trading days
• Friday entry cut-off times
• Setup age and entry validity
• Fibonacci levels and entry tolerances
• Context filters
• Position-sizing rules
• Stop-loss and target logic
• Break-even and profit-protection behaviour
• Chart visualisation
• Bot-status information
• Risk and position-management parameters

Configurations can be researched and evaluated using the backtesting and optimisation functionality available in cTrader.

FW Next Level Resources – In Development

A dedicated FW Next Level web resource area for users of our cBots is currently in development.

The planned resource environment is intended to provide additional technical material around FW FIB, including areas such as:

• Optimisation sets
• Parameter and configuration examples
• Setup variants
• Backtesting and optimisation information
• Documented strategy runs
• Selected real-time run data where available
• Version and strategy updates
• Additional technical resources for working with the system

These resources are intended to make configurations, testing and system behaviour easier to understand and evaluate.

Any optimisation sets, configurations, setup examples or performance information made available are provided for technical research, testing and informational purposes. They do not constitute personalised investment advice, trading signals or a guarantee of future results.

Users remain responsible for selecting, testing and evaluating their own configuration and risk parameters.

Restart and Position Recovery

During real-time operation, FW FIB stores relevant setup and position information and can reconcile this information with existing positions following a restart.

Successful recovery depends on the availability of clearly identifiable setup and position data.

Enhanced Protection in V5.9.1

Version 5.9.1 improves the handling of protective stop modifications, including situations in which a take-profit level has already been reached or break-even and profit-protection stops need to be restored.

Additional validation prevents protective stop prices from being submitted on an invalid side of the current market price.

Who Is FW FIB Designed For?

FW FIB is designed for traders who want to automate a Fibonacci-based trading approach using transparent and configurable rules while retaining control over their own cTrader environment.

Basic knowledge of cTrader, backtesting, optimisation and risk management is recommended.

Because the system is highly configurable, users should evaluate the intended symbol, timeframe, broker conditions, parameter set and risk settings before considering real-money trading.

FW FIB provides a structured and configurable framework for automating Fibonacci-based trading in cTrader.

Risk Disclosure

Trading involves risk. Past performance does not guarantee future results.

Automated trading can result in financial losses. Stop-loss, break-even, trailing and other protection functions cannot guarantee a specific maximum loss because execution may be affected by gaps, slippage, spread changes, liquidity, connection issues, broker execution and abnormal market conditions.

Historical backtests, optimisation results, example parameter sets, documented runs and previous performance do not guarantee future performance.

Users should independently test and evaluate their intended configuration using cTrader backtesting and a demo environment before considering real-money trading.