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An absolutely FREE Fibonacci indicator for MT4 is the Auto Fibonacci Indicator. It is clear that this indicator is based on the Fibonacci numbers. It sets the take-profit and stop-loss targets as well as the market entry point automatically. The indicator has both an arrow and a sound signal. Very simple to use, with encouraging trading results.
This Fibonacci indicator mainly relies on physical labor. It does create independent indications, but I don’t advise relying only on them. The trader will decide whether to enter the market, place protection stops, and profitable exit stops. As a result, the trader must be conversant with the concepts of risk and reward and set entries and exits using initial support and resistance levels.
Although the Auto Fibo Phenomenon indicator is a stand-alone trading indicator, you may use it to determine trade exit positions (TP/SL), conduct further chart research, and more for your trading. Although this strategy can be used by traders of all experience levels, it may be helpful to practice trading on an MT4 demo account first until you are reliable and self-assured enough to trade in real time. Most MT4 Forex brokers allow you to create a trading account, either genuine or practice.
Main Chart
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The AutoFibo Indicator can be configured to send you signal alerts via email, platform pop-ups, and mobile notifications. This is advantageous since it allows you to keep an eye on numerous charts at once rather than having to spend the entire day waiting for signals to come on the charts.
Any Forex currency pair as well as other assets including commodities, cryptocurrencies, binary options, stock markets, indices, etc. can be traded with this automatic Fibonacci indicator. Additionally, you can use it on whatever time frame that works best for you, from 1-minute to 4-hour charts.
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 | No Minimum Deposit ECN Acount No Commission | |
 | Min Deposit of 20$ |
Stick to your money management plan and avoid trading during a period of breaking news. Half an hour after the big currency news, stop your trades.
As usual, use wise money management to get the best outcomes. You need to master discipline, emotions, and psychology to be a successful trader. Knowing when to trade and when not to is essential. Trading should be avoided at times and under unfavorable market conditions, such as low volume or volatility, outside of the main sessions, with exotic currency pairs, wider spreads, etc.
Every day, one pair receives an average of 1-2 signals from the auto-Fibo indicator. You can get a respectable number of signals every day by using the indicator on a few key currency pairs.
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