# FibRetrace

Trades pullbacks in the direction of the trend using Fibonacci retracement zones on the H1 chart.

Canonical: https://prismaticalgos.com/compendium/algo/7835-fibretrace
Record ID: 7835
Catalog rank: 1328 (reading order, not performance)
Snapshot: 2026-10-31 15:46 UTC
Family: Price Action & Market Structure (E)
Source: https://www.mql5.com/en/market/product/194872
Evidence label (unverified): backtest_shown

## Scope and limitations

These are machine-extracted research records, not verified trading systems. Catalog rank measures specification detail and claimed evidence, not profitability. The catalog extraction pipeline did not independently backtest these records. Its separate selected testing ledger does not validate the wider corpus. Rules, labels and parameters can be incomplete or wrong; consult the original source and its reuse terms.

No endorsement, ownership claim or source-code reuse permission is implied.

## Extraction warnings

No automated warnings recorded; this is not validation.

## Recorded profile

- symbols: EURUSD
- timeframes: H1
- sessions: weekday selection and spread filter
- market_regime: trending

## Indicators

- FibRetrace Zones: {}; applied to: close

## Recorded long-entry rules

- Detects the latest swing leg and its Fibonacci retracement zone
- Trades only with the larger trend (EMA filter, can be turned off)
- Skips weak swing legs and abnormally large candles
- One limit order per swing leg; unfilled orders expire automatically

## Recorded short-entry rules

- Not specified.

## Recorded exit rules

- Automatic close at session end

## Recorded filters

- EMA filter
- trading hours
- weekday selection
- spread filter

## Risk controls

- Stop loss: based on market volatility, with a minimum reward-to-risk check
- Take profit: not specified
- Position sizing: default 0.10 lot size