The Mac Fibonacci Forex Signal indicator for MT4 delivers buy and sell signals on the chart that work well for scalping and day trading.
The indicator can be used as a standalone trading tool for trade entries and exits or as a trend confirmation filter.
Mac Fibonacci Forex Signal appears in the main MT4 chart window and can be traded in multiple ways.
Buy & Sell Trade Example
- Open a buy trade when the blue line appears on the chart.
- Open a sell trade when the red line appears on the chart.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Mac fibo.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The example chart below displays the Mac Fibonacci Forex Signal mt4 indicator in action.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Mac Fibonacci Forex Signal 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: Fibo
Does the indicator repaint? No.
MAC Fibonacci + Smoothed HMA Forex Scalping Strategy
This scalping strategy combines the MAC Fibonacci Forex Signal Indicator for MT4 with the Smoothed Hull Moving Average (HMA) for MT4.
The MAC Fibonacci indicator shows a blue line for buy signals and a red line for sell signals.
The Smoothed HMA uses green histogram bars to indicate a bullish trend and orange bars for a bearish trend.
Combining these two indicators allows scalpers to enter trades in the direction of the trend with precise entry points for short-term gains.
Why this strategy works
This strategy works by confirming trend direction with the Smoothed HMA while the MAC Fibonacci provides entry signals.
Aligning both indicators ensures that trades are taken with momentum and trend strength, increasing the probability of profitable scalping trades in fast-moving intraday markets.
Buy Entry Rules
- Wait for the MAC Fibonacci blue line to appear, signaling a buy.
- Confirm that the Smoothed HMA histogram shows green bars, indicating a bullish trend.
- Enter a buy trade at the open of the next candle after both conditions are met.
- Place the stop loss below the most recent swing low or below the HMA histogram support.
- Set the take profit between 5–15 pips depending on volatility.
- Exit early if the MAC Fibonacci turns red or the HMA histogram turns orange.
Sell Entry Rules
- Wait for the MAC Fibonacci red line to appear, signaling a sell.
- Confirm that the Smoothed HMA histogram shows orange bars, indicating a bearish trend.
- Enter a sell trade at the open of the next candle after both conditions are met.
- Place the stop loss above the most recent swing high or above the HMA histogram resistance.
- Set the take profit between 5–15 pips depending on volatility.
- Exit early if the MAC Fibonacci turns blue or the HMA histogram turns green.
Advantages
- Combines trend confirmation with precise entry signals for scalping.
- Visual cues make it easy to monitor trades quickly.
- Works well on fast-moving currency pairs and intraday charts.
- Helps reduce false signals by requiring trend alignment.
- Provides clear stop loss and take profit guidelines.
Drawbacks
- Performance may vary depending on the currency pair and market session.
- Spread and broker execution speed can impact small pip targets.
Case Study 1 – NZD/USD M5
During the Asian session, NZD/USD showed a blue line on the MAC Fibonacci indicator while the Smoothed HMA histogram displayed green bars.
A buy trade was entered at 0.6185 with a stop loss at 0.6175 and a take profit at 0.6195.
The trade reached the target in 10 minutes for a 10-pip gain, showing effective alignment of trend and entry signal.
Case Study 2 – USD/CAD M5
During the London session, USD/CAD showed a red line on the MAC Fibonacci while the HMA histogram displayed orange bars.
A sell trade was entered at 1.3475 with a stop loss at 1.3485 and a take profit at 1.3465.
The trade reached the take profit in 12 minutes for a 10-pip gain.
Using both indicators together avoided countertrend entries and captured the momentum move.
Strategy Tips
- Use M5 or M15 charts for scalping opportunities.
- Focus on liquid pairs such as NZD/USD, USD/CAD, EUR/USD, and GBP/USD.
- Adjust stop loss and take profit levels according to current market volatility.
- Strictly follow both indicators for entries to maintain discipline and accuracy.
- Combine with support and resistance levels to enhance trade precision if needed.
This scalping strategy blends momentum and trend confirmation to provide precise intraday entries, enabling traders to capture short-term moves with disciplined risk management and consistent opportunities for profit.
