AutoDayFibs Forex Indicator (MT4)

About the AutodayFibs Indicator

The AutodayFibs Forex Indicator for MT4 is a practical tool that automatically draws Fibonacci retracement levels based on the previous day’s high and low.

It helps traders identify key price levels where the market may react, ideal for spotting support, resistance, and breakout points.

This indicator is especially useful for intraday and short-term traders.

Key Features

• Automatically draws daily Fibonacci levels on your chart
• Uses the previous day’s high and low for calculations
• Supports intraday trading strategies (scalping, day trading)
• Includes customizable level colors and visibility options
• Works on all major currency pairs and timeframes

How It Works

The AutodayFibs indicator calculates Fibonacci retracement and extension levels from the previous trading day’s high and low.

These levels are plotted on the current day’s price chart. Traders use these zones to anticipate potential price reactions, reversals, or breakouts.

The levels remain static throughout the day for consistent reference.

The indicator works on all trading instruments (Forex, CFD stocks, Indices, Cryptocurrencies, Commodities,..).

Free Download

Download the “AutoDayFibs.mq4” indicator for MT4

Benefits of Using the Indicator

• Quickly identifies price zones of interest without manual drawing
• Enhances your existing trading strategy with objective levels
• Perfect for range-bound, trending, or breakout strategies
• Provides confidence in trade entry, exit, and stop-loss placement

Indicator Example Chart (EUR/USD H1)

How To Trade Using This Indicator

Use the plotted Fibonacci levels to guide your trades throughout the day:

• Look for buy opportunities near the 38.2% or 50% retracement level after an early dip
• Look for sell setups near the 61.8% or 78.6% retracement in a bearish trend
• Breakouts above or below the previous day’s high/low may signal strong trend continuation

This indicator works well with confirmation tools like RSI, moving averages, or price action.

Download Now

Download the “AutoDayFibs.mq4” indicator for Metatrader 4

Auto Day Fibs + XHMaster Formula Forex Strategy for MT4

This trading strategy combines two unique MT4 indicators: the AutoDayFibs Forex Indicator and the XHMaster Formula Indicator.

Together, they create a powerful intraday system that blends Fibonacci-based support/resistance zones with dynamic trend signals.

The result is a strategy that helps identify high-probability trade setups, especially during active market hours.

What Is This Strategy About?

This is a trend-following and breakout strategy built for short-term trading.

The AutoDayFibs plots real-time Fibonacci retracement and extension levels based on the current day’s price action.

These levels serve as critical decision zones. The XHMaster Formula acts as a confirmation tool, offering clear buy/sell signals based on trend strength and price momentum.

When both align, traders are presented with high-confidence trade setups.

How the Indicators Work Together

1. AutoDayFibs Indicator

The AutoDayFibs indicator automatically draws intraday Fibonacci levels based on the daily high and low.

These levels represent natural areas of price reaction—support, resistance, retracement, and breakout zones.

It updates dynamically, allowing traders to gauge market sentiment throughout the day.

2. XHMaster Formula Indicator

The XHMaster Formula is a momentum-based trend system that displays buy and sell signals directly on the chart.

Its internal logic filters noise and highlights directional bias with reliable timing.

It’s ideal for catching early moves and confirming trend strength.

Buy Rules

• Price should pull back to a key Fibonacci support level (38.2%, 50%, or 61.8%) plotted by AutoDayFibs.
• Wait for a Buy Signal from the XHMaster Formula to appear at or near the Fibonacci support.
• Confirm price is trading above the day’s opening price or breaking above the 23.6% level.
• Set stop loss slightly below the nearest Fibonacci support level.
• Target the next resistance level (e.g., 61.8% or 100%) or use a 1:2 risk-to-reward ratio.

Sell Rules

• Price should pull back or reject from a Fibonacci resistance level (38.2%, 50%, or 61.8%).
• Wait for a Sell Signal from the XHMaster Formula to appear at or near the resistance.
• Confirm price is trading below the day’s opening or breaking below the 23.6% line downward.
• Set stop loss slightly above the closest Fibonacci resistance.
• Target the lower Fibonacci levels or aim for a 1:2 or better risk-to-reward.

Advantages of This Strategy

• Precision Entry: The Fibonacci levels act as proven zones for reversals or breakouts.
• Confirmation-Based: XHMaster Formula adds extra confidence with visual trend signals.
• Intraday Focus: Best suited for day traders targeting multiple trades per session.
• Automation: Both indicators update in real time, requiring no manual drawing or adjustments.

Drawbacks and Considerations

• This strategy works best during high volatility hours, such as London and New York sessions.
• Sideways markets may produce false signals—avoid trading when the price is stuck between narrow fib levels.
• News events can disrupt price structure; it’s wise to avoid trading during high-impact releases.

Conclusion

The combination of AutoDayFibs and XHMaster Formula offers an intelligent blend of price structure and trend momentum.

Traders can use Fibonacci zones for precise entry levels and rely on the XHMaster signals to confirm direction.

With discipline and proper risk management, this strategy can be a solid addition to any intraday trader’s toolkit.

Case Study Example

GBP/USD M30 Chart (14-Day Period)

• Total Setups Observed: 36 sessions
• High-Probability Trades Taken: 24
• Winning Trades: 17 (70.8%)
• Average Win: +25 pips
• Average Loss: -12 pips
• Net Result: +341 pips in 14 trading days

Indicator Specifications

Final Words

The AutodayFibs Forex Indicator for MT4 is an essential tool for any trader using Fibonacci levels in their strategy.

It saves time, eliminates human error, and enhances decision-making during the trading day.

Whether you’re looking to trade reversals or breakouts, this indicator gives you a daily structure to plan from.

Download it free and start trading smarter today.