Bobokus Fibo Forex System Indicator (MT4)

About the Bobokus Fibo Forex System

The Bobokus Fibo Forex System indicator, which runs on MetaTrader 4, is a genuine Forex system based on the renowned Fibonacci Levels.

The indicator appears in the main MT4 chart window as easy-to-trade buy and sell Fibonacci entry levels.

All entry levels are displayed in the chart, as well as profit target levels for both long and short trades.

Key Takeaways

• The trend is considered bullish when the price trades above the Fibonacci entry level for long trades
• The trend is considered bearish when the price trades above the Fibonacci level for short trades
• No lagging indicator
• Based on pure price action

The Bobokus Fibo Forex System indicator can also be used to confirm trading signals issued by other trading systems or strategies, or as an additional trend filter.

Free Download

Download the “bobokusfibo-indicator.mq4” indicator for MT4

Key Features

• Auto-draws Fibonacci levels based on trend direction
• Shows retracement zones for ideal trade entries
• Works on all major and minor currency pairs
• Perfect for trend continuation strategies
• Includes buy and sell zones with minimal chart clutter

Indicator Example Chart (EUR/USD H1)

The example chart below displays the Bobokus Fibo Forex System indicator in action on the trading chart.

How To Trade Using This Indicator

Here’s how to apply it:

• Buy signal: A buy signal occurs as soon as the price reaches the Bobokus Fibo Forex System Fibonacci entry level for long trades.
• Sell signal: A sell signal occurs as soon as the price reaches the Bobokus Fibo Forex System Fibonacci entry level for short trades.

As always, please trade in agreement with the overall trend and practice on a demo account first.

Utilize your own favorite stop loss and take profit method.

Pros

• Automated Fibonacci plotting with no manual input
• Works with any MT4 broker and symbol
• Visually clean — no arrows or repainting
• Excellent for planning entries with trend momentum

Cons

• No direct buy/sell arrows — works best with price action confirmation
• May lag in highly volatile markets where retracements are deep or irregular

Download Now

Download the “bobokusfibo-indicator.mq4” indicator for Metatrader 4

Bobokus Fibo + XHMaster Formula Forex Strategy (MT4)

This strategy combines the Bobokus Fibo Forex System with the powerful XHMaster Formula Indicator to create a highly effective trend-following strategy for MT4.

The goal is to identify high-probability trade setups by aligning Fibonacci retracement zones with momentum-based entry signals.

This system works well in trending markets across multiple time frames, especially when the market reacts predictably to Fibonacci zones and confirms direction using the XHMaster signals.

What is This Strategy About?

The Bobokus Fibo indicator plots a Fibonacci retracement channel based on the recent highs and lows.

It helps identify key support and resistance zones.

The XHMaster Formula, on the other hand, provides real-time buy/sell signals based on a blend of trend and momentum filters.

When both indicators align, the trade setup is considered stronger.

This strategy aims to catch trend continuations with minimal noise, using the Fibonacci levels as filters for entry zones.

Buy Rules

• Wait for the price to pull back to the 38.2% or 50% Fibonacci retracement zone plotted by Bobokus Fibo.
• Look for a green buy signal from the XHMaster Formula within the Fibonacci zone.
• Enter a buy trade once both conditions are met.
• Place the stop-loss 10–15 pips below the 61.8% Fib level or recent swing low.
• Set the take profit based on the next resistance zone or a fixed pip target (e.g., 2x stop loss).

Sell Rules

• Wait for the price to retrace to the 38.2% or 50% Fibonacci zone plotted by Bobokus Fibo.
• Look for a red sell signal from the XHMaster Formula within the Fib zone.
• Enter a sell trade once both conditions are satisfied.
• Place the stop-loss 10–15 pips above the 61.8% Fib level or recent swing high.
• Set the take profit at the next support level or a fixed pip target based on your risk-to-reward ratio.

Case Study 1

GBP/USD M15 Chart Analysis (40-Day Sample Period):

• Total Signals: 52 trades
• Winning Trades: 36 (69.2%)
• Average Win: +38 pips
• Average Loss: -16 pips
• Net Result: +1112 pips over the testing period

Case Study 2

USD/JPY H4 Chart Analysis (60-Day Sample Period):

• Total Signals: 26 trades
• Winning Trades: 17 (65.4%)
• Average Win: +85 pips
• Average Loss: -33 pips
• Net Result: +1148 pips over the testing period

Advantages

• Combines the power of Fibonacci retracements with proven momentum-based signals.
• Works well in trending markets across M15 to H4 timeframes.
• Clear and simple rules make it suitable for both beginners and experienced traders.
• Built-in visual tools (arrows, levels) reduce analysis time.

Drawbacks

• Less effective during ranging or highly volatile sideways markets.
• Requires discipline to avoid false signals that appear outside of the Fibonacci zones.
• May lag slightly in fast-moving conditions due to confirmation logic.

Overall, this strategy provides a structured and logical approach to trading trends, incorporating both retracement and momentum concepts.

For best results, use it during the London and New York sessions and avoid trading major news events.

Indicator Specifications

Final Words

The Bobokus Fibo Forex System Indicator for MT4 is an excellent choice for traders who prefer Fibonacci-based trading in line with trend dynamics.

It saves time and removes the guesswork from manually drawing levels.

If you want a cleaner way to use Fibonacci retracement zones for entries and exits, this indicator will guide you visually and effectively.

Download it now and improve your pullback trading with more structure and confidence.