The Fibonacci with MA Forex indicator for Metatrader 4 can be categorized as a directional trend trading tool that works with Fibonacci and multiple moving averages.
The indicator gets displayed in the main MT4 chart window in the form of a colored trend rainbow indicator and a signals dashboard.
The Fibonacci with MA indicator can be used in multiple ways.
Buy & Sell Trade Example
- Buy the currency pair when the slope of the colored trend rainbow is trending upwards.
- Sell the currency pair when the slope of the colored trend rainbow is trending downwards.
The Fibonacci with MA indicator can be used for trade entry, or as a directional trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
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Download the “kg fibonacci ma.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the Fibonacci with MA mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Fibonacci with MA Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
Fibonacci MA + Entry Take Profit MT4 Day Trading Strategy
This day trading strategy integrates the Fibonacci with MA Forex Indicator with the Entry Take Profit Forex Winner Indicator for MetaTrader 4.
The Fibonacci with MA indicator combines moving averages with Fibonacci levels to identify key support and resistance zones.
The Entry Take Profit Forex Winner Indicator provides clear buy and sell signals with blue and red arrows, respectively.
This strategy is suitable for intraday trading on M15 to H1 timeframes, focusing on major currency pairs like EUR/USD, GBP/USD, and USD/JPY.
Buy Entry Rules
- Confirm a bullish trend with the Fibonacci with MA Forex Indicator, where the lines are sloping upwards.
- Wait for the Entry Take Profit Forex Winner Indicator to display a blue arrow, signaling a buy opportunity.
- Enter a buy trade at the current market price or on a minor retracement.
- Set the stop loss below the most recent swing low or a recent Fibonacci support level to manage risk effectively.
- Place the take profit at the next significant Fibonacci resistance level or use a fixed pip target, such as 15–40 pips, depending on market volatility.
Sell Entry Rules
- Confirm a bearish trend with the Fibonacci with MA Forex Indicator, where the lines are sloping downwards.
- Wait for the Entry Take Profit Forex Winner Indicator to display a red arrow, signaling a sell opportunity.
- Enter a sell trade at the current market price or on a minor retracement.
- Set the stop loss above the most recent swing high or a recent Fibonacci resistance level to manage risk effectively.
- Place the take profit at the next significant Fibonacci support level or use a fixed pip target, such as 15–40 pips, depending on market volatility.
Advantages
- Combines Fibonacci levels with moving averages for precise trend identification and entry points.
- Clear visual signals from the Entry Take Profit Forex Winner Indicator enhance decision-making.
- Suitable for various market conditions, including trending and ranging markets.
- Applicable to multiple currency pairs, providing flexibility for traders.
Drawbacks
- The strategy may give delayed signals in very fast-moving markets, causing late entries.
- During choppy or sideways markets, the indicators can produce multiple false signals.
- Requires discipline to avoid overtrading when signals appear too frequently.
- Stop loss levels can occasionally be hit due to sudden spikes or news volatility.
Example Case Studies
Case Study 1 – EUR/USD M15
On the EUR/USD M15 chart, the Fibonacci with MA Forex Indicator showed an upward sloping trend, indicating a bullish market sentiment.
The Entry Take Profit Forex Winner Indicator then displayed a blue arrow, signaling a buy opportunity.
A buy trade was entered at 1.1055, with a stop loss at 1.1040 and a take profit at 1.1085.
The price moved in the anticipated direction, hitting the take profit target within the session.
Case Study 2 – GBP/USD H1
On the GBP/USD H1 chart, the Fibonacci with MA Forex Indicator showed a downward sloping trend, indicating a bearish market sentiment.
The Entry Take Profit Forex Winner Indicator then displayed a red arrow, signaling a sell opportunity.
A sell trade was entered at 1.3005, with a stop loss at 1.3020 and a take profit at 1.2975.
The market declined as expected, reaching the take profit target during the trading day.
Strategy Tips
- Use higher timeframes, such as H1 or H4, to confirm the trend before entering trades on lower timeframes.
- Combine this strategy with support and resistance zones beyond Fibonacci levels for stronger trade setups.
- Keep a trading journal to record entries, exits, and outcomes for continuous improvement.
- Adjust take profit and stop loss levels based on the average volatility of the currency pair you are trading.
- Consider using partial exits to lock in profits when the trend moves strongly in your favor.
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Download the “kg fibonacci ma.mq4” indicator for Metatrader 4
