How Do I Use Fibonacci Retracement on MetaTrader 4?

How Do I Trade with Fibonacci Retracement Technical Indicator in MetaTrader 4

How to Use Fibonacci Retracement Levels on MT4

The procedure for how to use Fibo Retracement Technical Indicator & how to add the Fibonacci Retracement Tool on MT4 Platform is described below:

Fib Retracement Levels Indicator tool on the MT4 platform will automatically draw the retracement levels on a chart once it is placed on the chart.

To add this Fibonacci Retracement Levels tool on MT4 software, you can use the following short-cut technique:

1. Click Insert 2. Click Fibonacci 3. Click Retracement

How Do I Use Fibo Retracement in MT4?

After adding this Fibonacci Retracement Levels tool indicator on MT4 platform this indicator tool can then be accessed from 'MetaTrader 4 Line Studies Tool-Bar' as shown below.

How Do I Trade with Fibonacci Retracement Technical Indicator in MetaTrader 4

This Fibonacci Retracement tool is located on MetaTrader 4 (Line Studies Tool-Bar), to go to this tool bar click 'View' button at the tops left corner of MT4 software adjacent to file menu, then click 'Tool-Bars', Then Check 'Line Studies'. You can learn how to use Fibonacci Retracement Levels tool on the MT4 using a demo practice demo account.