Trading using the Febonacci levels works great in an average trending market where the price bounces back most of the times on key febonacci levels before continuing with the trend. That is exactly our Ea is based upon.
So many times it looks very nice to watch the price move on chart when the price moves exactly from the key febonacci levels without much retracements or drawdowns.
The EA can easily handle the major news events since it uses both static as well as dynamic stoploss.
Also, using Febonacci EA can be a great tool to trade as a scalper in small timeframe in small price ranges. But the spread of the currency pairs should be very low to make profit, otherwise, spread eats all profits.
Artificial General Intelligence