About the Fiba + v7Rus Forex Indicator
The Fiba + v7Rus Forex Indicator for MT4 is a versatile price action tool that helps traders identify potential entries, exits, and trend confirmations.
It can be used independently or alongside other strategies to improve trade timing and signal reliability.
This indicator is displayed directly in the main MT4 chart window as a set of advanced trend lines and recognizable trading patterns.
The lines react dynamically to market movement, highlighting potential areas of support, resistance, and trend continuation.
Free Download
Download the “Fiba+v7Rus.ex4” indicator for MT4
Key Features
- Displays advanced trend lines and trading patterns
- Generates clear buy and sell signals
- Visible directly in the main MT4 chart window
- Helps traders identify support and resistance areas
Indicator Chart
The chart example shows the Fiba + v7Rus Indicator applied to an MT4 price chart.
The red resistance trend line acts as the main signal trigger: a close above this line indicates bullish momentum, while a close below signals potential bearish movement.
Traders can combine these signals with market patterns for higher probability trades.
Guide to Trade with Fiba + v7Rus Indicator
Buy Rules
- Wait for the price to close above the red resistance trend line.
- Confirm bullish momentum by checking for higher highs or strong bullish candles.
- Open a buy trade at the start of the next candle after confirmation.
Sell Rules
- Wait for the price to close below the red resistance trend line.
- Confirm bearish momentum by checking for lower lows or rejection candles.
- Open a sell trade at the start of the next candle after confirmation.
Stop Loss Placement
- For buy trades, place the stop loss below the most recent swing low.
- For sell trades, place the stop loss above the most recent swing high.
- Adjust the stop distance depending on market volatility and timeframe.
Take Profit Targets
- For buy trades, aim for the next resistance level or trend line.
- For sell trades, aim for the next support level or trend line.
- Consider partial profit-taking at intermediate trend line levels.
- Use trailing stops to secure profits as the trend progresses.
Practical Trading Tips
- Focus on trades that align with the overall trend for higher probability setups.
- Combine Fiba + v7Rus with other trend or momentum indicators for added confirmation.
- Look for price rejection near trend lines to increase the chance of a successful trade.
- Use higher timeframes to determine the dominant market direction before entering trades on lower timeframes.
FIBA V7RUS + Simpler Trend MT4 Scalping Strategy
This scalping strategy combines the FIBA V7RUS Indicator with the Simpler Trend Indicator.
The FIBA V7RUS identifies key trend levels using red resistance trend lines, while Simpler Trend provides early candlestick-based trend signals.
This combination is ideal for quick intraday scalping on M1–M5 charts for currency pairs with high liquidity and low spreads.
Setup
- Apply FIBA V7RUS to your MT4 chart.
- Apply Simpler Trend below the price chart.
- Trade major pairs like EUR/USD, GBP/USD, or USD/CHF for tight spreads.
- Use active trading hours during the London and New York sessions.
Buy Entry Rules
- Price closes above the red resistance trend line on FIBA V7RUS.
- Simpler Trend forms its first green candlestick (bullish confirmation).
- Enter a buy trade at the close of the confirming candlestick.
- Stop loss: a few pips below the recent swing low or FIBA support line.
- Take profit: next resistance level or 10–20 pips on M1–M5 charts.
- Exit early if the price closes back below the FIBA trend line or Simpler Trend shows a red candlestick.
Sell Entry Rules
- Price closes below the red resistance trend line on FIBA V7RUS.
- Simpler Trend forms its first red candlestick (bearish confirmation).
- Enter a sell trade at the close of the confirming candlestick.
- Stop loss: a few pips above the recent swing high or FIBA resistance line.
- Take profit: next support level or 10–20 pips on M1–M5 charts.
- Exit early if the price closes back above the FIBA trend line or Simpler Trend shows a green candlestick.
Advantages
- Dual confirmation reduces false scalping signals.
- Quick entries suitable for M1–M5 charts.
- Works well on major pairs with tight spreads.
- Simple visual cues for beginners and advanced scalpers alike.
Drawbacks
- Choppy markets may trigger false signals.
- Requires constant monitoring due to fast intraday movements.
- Small pip targets mean spreads can significantly affect profitability.
- FIBA trend lines can lag during sudden price spikes.
Example Case 1 — EUR/USD, 1-Minute Chart
On the EUR/USD M1 chart, the price closes above the FIBA red trend line. Simpler Trend forms the first green candlestick.
Entered a buy at 1.1050 with a 5-pip stop loss and 15-pip take profit.
Price quickly rises to 1.1065 within 12 minutes, achieving the target.
Example Case 2 — GBP/USD, 5-Minute Chart
On the GBP/USD M5 chart, the price closes below the FIBA red trend line. Simpler Trend forms the first red candlestick.
Entered a sell at 1.2750 with a 6-pip stop loss and 18-pip take profit.
Price moves down to 1.2732 within 25 minutes, hitting the target successfully.
Example Case 3 — USD/CHF, 5-Minute Chart
On the USD/CHF M5 chart, the price closes above the FIBA red trend line. Simpler Trend forms the first green candlestick.
Entered a buy at 0.9270 with a 5-pip stop loss and 15-pip take profit.
Price moves up to 0.9285 within 20 minutes, reaching the take profit target.
Strategy Tips
- Only trade when both the FIBA trend line and Simpler Trend candlestick align for a higher probability.
- Focus on major pairs for best liquidity and minimal spread impact.
- Adjust stop loss and take profit levels according to pair volatility.
- Consider trading during peak London and New York hours for more reliable moves.
- Use a demo account first to get comfortable with fast scalping entries and exits.
Download Now
Download the “Fiba+v7Rus.ex4” indicator for Metatrader 4
FAQ
How does Fiba + v7Rus determine trend direction?
The indicator uses its red resistance trend line as a visual guide. Price closing above the line signals upward momentum, while closing below indicates downward pressure.
Can Fiba + v7Rus help with trade exits?
Yes. Traders can use the trend line as a dynamic exit point. Exiting when price reverses near the line helps lock in profits and reduce losses.
Is this indicator effective in ranging markets?
Fiba + v7Rus works best in trending conditions, but in sideways markets, it can highlight short-term reversals or false breakouts. Combining it with a trend filter improves accuracy.
Does the indicator work on all currency pairs?
Yes. It is designed to function reliably across all forex pairs, adapting automatically to different price behaviors and volatility levels.
Summary
The Fiba + v7Rus Forex Indicator for MT4 is a powerful tool for identifying trend-based entries and exits.
Its advanced trend lines and clear signals make trading more structured and less subjective.
When combined with other confirmation indicators, Fiba + v7Rus enhances trade validation, improves consistency, and helps traders execute high-probability trades with confidence.
