The Complete Fibonacci Signals MT4 indicator is all you need if you like to trade Fibonacci based trading signals for both long and short trade positions.
The indicator calculates and displays Fibonacci based entry levels for both long and short trades.
Moreover, it also provides traders with 3 profit target levels for both long and short trade positions.
All entry signals and take profit targets are visible on the Metatrader 4 chart.
Feel free to use it on your favorite time frame. Works for scalping, day trading and short-term swing trading.
The EUR/USD 1-Hour chart below displays the Complete Fibonacci Signals Metatrader 4 Forex indicator in action.
Basic Trading Signals
Signals from the Complete Fibonacci Signals MT4 forex indicator are easy to interpret and goes as follows:
Buy Signal: Open a buy trade position when price breaks above the “ 1 Hourly Long” level of the Complete Fibonacci Signals MT4 indicator.
Sell Signal: Open a sell trade position when price breaks below the “ 1 Hourly Short” level of the Complete Fibonacci Signals MT4 indicator.
Trade Exit: Use your own method of trade exit or use the indicator’s profit target levels (T1, T2, T3).
MT4 Indicator Characteristics
Currency pairs: Any
Platform: Metatrader 4
Type: Chart pattern indicator
Customization options: Variable (Fibo, Timeframe) Colors, width & Style.
Time frames: 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Copy and paste the bobokusfibo-indicator.mq4 into the MQL4 indicators folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Indicators (paste here)