The Fibonacci Forex trading system indicator for MT4 is based on the Fibonacci strategy and offers a complete trading solution.
The indicator does all the hard work for you and provides the suggested entry level, stop loss and 3 take profit levels.
Forex trading can’t be easier that this!
The indicator works for any currency pair of your preference.
Free Download
Download the “autofibophenomenon.ex4” indicator for MT4
Indicator Example Chart (EUR/USD M5)
How to trade with it (example)?
Open a long trade whenever the indicator plots “BUY” on the chart. Use the suggested stop loss and take profit levels for the buy trade.
Open a short trade whenever the indicator plots “SELL” on the chart. Use the suggested stop loss and take profit levels for the sell trade.
Naturally, feel free to use your own favorite trading strategy to open and close trades with the Fibonacci Forex trading system indicator.
Indicator Specifications
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Input Parameters: Alerts, color settings & style
Indicator type: Forex system
Repaint? Does not repaint the entry, stop loss and take profit levels.
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Download the “autofibophenomenon.ex4” indicator for Metatrader 4
Usage:
Works for any trade style: scalping, day trading and swing trading .
The Fibonacci Forex trading system is a complete trading system, there’s no need to use additional technical indicators.
Installation:
Open the Metatrader 4 platform
From the top menu, click on “File”
Then click on “Open Data Folder”
Then double click with your mouse button on “MQL4”
Now double click on “Indicators”
Paste the autofibophenomenon.ex4 indicator in the Indicators folder.
Finally restart the MT4 platform and attach the indicator to any chart.
How to remove the indicator?
Click with your right mouse button in the chart with the indicator attached onto it.
Select “Indicator List” from the drop down menu.
Select the indicator and press delete.
How to edit the indicator’s inputs and parameters?
Right click with your mouse button in the chart with the indicator attached onto it.
From the drop down menu, click on indicators list.
Select the indicator from the list and press edit.
Now you can edit the indicator.
Finally, press the OK button to save the updated configuration.
