About the Daily Boxed Fibs & Pivots & Gann Indicator
The Daily Boxed Fibs & Pivots & Gann Indicator for MT4 is a versatile price action tool that plots key market levels directly on your main chart.
It combines Fibonacci retracements, pivot points, and Gann levels to provide traders with potential areas of support and resistance.
By highlighting pivot points and important retracement levels, traders can anticipate potential reversals or continuation moves.
The on-chart references make it easier to plan entries, exits, and position sizing without relying solely on indicators.
Because it integrates multiple levels in a single interface, the Daily Boxed Fibs & Pivots & Gann Indicator can serve as a standalone system or as a confirmation layer for other strategies.
It works well across all currency pairs, including majors, minors, and exotics, and adapts to different timeframes depending on your trading style.
Free Download
Download the “DXTrade Daily Boxed Fibs&Pivots&Gann2.ex4” indicator for MT4
Key Features
- Plots daily pivot points, Fibonacci retracements, and Gann levels on the main MT4 chart
- Pure price action-based signals
- Supports multiple trading strategies
- Works on all currency pairs and timeframes
- Visual display helps identify potential entries and exits
- Can be used as confirmation for other systems
Indicator Chart
The chart below demonstrates the Daily Boxed Fibs & Pivots & Gann Indicator on a standard MT4 chart. Daily pivots, Fibonacci levels, and Gann boxes are plotted for quick reference.
A price closing above a pivot point suggests bullish potential, while a close below indicates bearish pressure.
These levels can guide entries, exits, or trade management decisions.
Guide to Trade with Daily Boxed Fibs & Pivots & Gann Indicator
Buy Rules
- Consider a long position when price closes above the daily pivot point
- Check alignment with nearby Fibonacci support levels
- Confirm trend momentum with price action or additional filters
- Enter after candle close above the pivot
Sell Rules
- Consider a short position when price closes below the daily pivot point
- Check for resistance at Fibonacci or Gann levels
- Confirm bearish momentum with price action
- Enter after candle close below the pivot
Stop Loss
- Place a stop loss just beyond the nearest pivot, Fibonacci, or Gann level opposite your trade
- Adjust according to volatility and session range
- Give enough room to avoid being stopped out by normal price swings
Take Profit
- Target the next major support or resistance level plotted by the indicator
- Consider partial exits at intermediate levels to secure profits
- Trail stops using pivot or Gann levels as the trade progresses
Practical Tips
- Use higher timeframes for more reliable levels and fewer false breakouts
- Combine with trend direction or momentum indicators for better timing
- Monitor economic news that may affect pivot points
- Watch for a confluence of multiple levels for stronger setups
Daily Boxed Fibs & Pivots & Gann Indicator + Zero Lag MACD MT4 Strategy
This strategy integrates the Daily Boxed Fibs & Pivots & Gann Indicator with the Zero Lag MACD Indicator on MT4.
The Daily Boxed Fibs & Pivots & Gann Indicator overlays key Fibonacci levels, pivot points, and Gann lines directly onto your chart, providing a comprehensive view of potential support and resistance areas.
The Zero Lag MACD Indicator offers a refined approach to the classic MACD, minimizing lag to provide more timely trend signals.
This combination allows traders to make informed decisions based on both market structure and momentum.
Ideal for intraday traders and swing traders seeking precision in their entries and exits.
Buy Entry Rules
- Look for the price to be near or above key Fibonacci retracement levels or pivot points, suggesting potential support.
- Enter a long position when the Zero Lag MACD histogram turns positive, confirming upward momentum.
- Stop Loss: Place below the nearest support level identified by the Daily Boxed Fibs & Pivots & Gann Indicator.
- Take Profit: Set at the next significant resistance level or a predetermined risk-to-reward ratio (e.g., 1:2).
Sell Entry Rules
- Look for the price to be near or below key Fibonacci retracement levels or pivot points, suggesting potential resistance.
- Enter a short position when the Zero Lag MACD histogram turns negative, confirming downward momentum.
- Stop Loss: Place above the nearest resistance level identified by the Daily Boxed Fibs & Pivots & Gann Indicator.
- Take Profit: Set at the next significant support level or a predetermined risk-to-reward ratio (e.g., 1:2).
Advantages
- Combines structural analysis (Fibonacci, pivots, Gann) with momentum indicators for comprehensive trade setups.
- Zero Lag MACD provides timely entry signals with reduced lag compared to traditional MACD.
- Clear visual cues from the Daily Boxed Fibs & Pivots & Gann Indicator enhance decision-making.
- Applicable to various timeframes, making it versatile for different trading styles.
Drawbacks
- Requires careful calibration of indicator settings to suit specific currency pairs and timeframes.
- False signals can occur during low volatility or sideways market conditions.
- It may not be suitable for highly volatile markets without additional risk management strategies.
Case Study 1 — EUR/USD 15m
On the 15-minute EUR/USD chart, the price approached a key Fibonacci support level identified by the Daily Boxed Fibs & Pivots & Gann Indicator.
The Zero Lag MACD histogram turned positive, signaling bullish momentum.
A long position was entered with a stop loss below the support level and a take profit at the next resistance level.
The trade resulted in a favorable risk-to-reward outcome.
Case Study 2 — GBP/JPY 30m
On the 30-minute GBP/JPY chart, the price was near a significant pivot point acting as resistance.
The Zero Lag MACD histogram turned negative, indicating bearish momentum.
A short position was initiated with a stop loss above the resistance level and a take profit at the next support level.
The trade successfully captured the downward move.
Strategy Tips
- Adjust indicator settings based on the volatility and characteristics of the currency pair being traded.
- Utilize additional risk management tools, such as trailing stops or break-even stops, to protect profits.
- Regularly review and adjust the strategy based on changing market conditions and personal trading performance.
By combining the structural insights from the Daily Boxed Fibs & Pivots & Gann Indicator with the momentum signals from the Zero Lag MACD Indicator, traders can develop a robust trading strategy that offers clear entry and exit points.
Remember to backtest and demo trade the strategy before applying it to live markets to ensure its effectiveness.
Download Now
Download the “DXTrade Daily Boxed Fibs&Pivots&Gann2.ex4” indicator for Metatrader 4
FAQ
Can this indicator be used for scalping?
Yes, it can be applied on lower timeframes, but it performs best with clear pivot and Fibonacci level confirmations.
Does the indicator repaint?
Daily levels and plotted boxes are based on closed candles and do not repaint. Pivot points and Fibonacci retracements update only when a new session begins.
How can I combine this indicator with other strategies?
It can serve as a confirmation tool alongside trend indicators, oscillators, or price action strategies. Levels provide logical entry, exit, and stop placement points.
Is it suitable for all currency pairs?
Yes, the indicator works well on majors, minors, and exotic pairs, provided normal liquidity conditions are present.
Summary
The Daily Boxed Fibs & Pivots & Gann Indicator for MT4 is a multi-level price action tool that helps traders identify key support and resistance zones.
Combining Fibonacci retracements, pivot points, and Gann levels in one chart allows for well-informed entries and exits without relying on lagging indicators.
Its flexibility and adaptability make it suitable for a wide range of trading styles and timeframes.
