TC42 Fibo Bot

TC42 Fibo Bot is an automated order management tool that operates based on parameters configured by the user. All entry, exit, and risk management rules are set by the trader before the bot is activated. Order execution takes place through the broker's/exchange's infrastructure via API connection. ATAS provides a technical interface only and plays no role in trading decisions. All configuration and activation decisions are made by the user at their own risk.

TC42 Fibo Bot is compatible with various chart timeframes depending on the trader's strategy and market conditions. The tool is suited for intraday and short-term setups, including seconds-based charts for high-frequency analytical environments and minute-based charts for structured wave and Fibonacci analysis.

Once configured by the trader, the bot operates automatically:

• it monitors wave and impulse structures,
• places entry orders,
• manages TP/SL levels,
• applies trailing stop logic,
• controls session and daily risk limits,
• sends Telegram notifications.

The trader retains full ability to monitor, adjust settings, or intervene manually at any time.

The trader configures the bot to:

• identify valid impulse/wave structures,
• calculate Fibonacci retracement and extension levels,
• automatically place orders at selected levels according to predefined risk parameters.

For example: the bot waits for a qualified retracement, places the entry order, sets SL and TP, manages the trailing stop once price reaches the defined profit zone, and applies protective logic for partial fills, stop execution control, and residual positions.

The bot is also available in replay mode: the trader can test Fibonacci-based setups, compare impulse sizes, evaluate risk filters, and review order execution behavior before applying the strategy in a live environment.